Second Call for Proposals - GAFSP

Global Agriculture and Food Security Program - Private Sector Window
Conditions of Participation for the Second Public Call for Proposals
Background
The Global Agriculture and Food Security Program (GAFSP) is a transformational approach to aid that
was launched by a group of innovative donors at the request of the G20 in April 2010. The challenges of
improving food security for poor and vulnerable people remain just as important today as they did when
GAFSP was founded.
As the implementing entity for GAFSP Private Sector Window, IFC is launching the Second Public Call
for Proposals (the “Second Call”). During the period of the Second Call, IFC will be accepting proposals
from private sector firms and financial institutions operating in eligible low-income countries seeking
financial support from GAFSP Private Sector Window (see Annex 1 for list of eligible countries).
Financial support from the GAFSP Funding will be provided exclusively for investments to
financially sustainable projects and is not available for grants or any other type of one-time
contributions.
Investment Profile
Following the objectives of the program, the Second Call will be seeking investment projects that increase
the commercial potential of small and medium sized agri-businesses and farmers in eligible low-income
countries. The Second Call will be targeting investment projects that:
• support sustainable agriculture;
• increase productivity in agriculture;
• increase market access to small and medium sized agri-businesses and farmers;
• improve access to finance to small and medium sized agri-businesses and farmers and reduce
risks associated with financing small holders in the agribusiness sector.
In order to foster innovation, priority will be given to investment projects that provide demonstration
effect of new models in agriculture and agribusiness for other financiers to increase support to the sector.
Eligible Investments
Projects selected from the Second Call will be considered for investment using GAFSP funding in support
of IFC-led investments. Projects selected from the Second Call will be processed and approved by IFC in
accordance with its standard policies and procedures for investments.
GAFSP funding can be structured as: Senior Debt, Mezzanine/Subordinated Debt, Guarantees and Equity
Investments in order to extend reach to small-scale farmers and SMEs, and/or increase productivity on a
sustainable basis on agriculture investments.

Eligibility Criteria for GAFSP Investment Proposals
In order to qualify for GAFSP funding support through the Second Call, investment proposals must meet
the following criteria:
1. Sponsored by private entities in the agribusiness sector, including input and service providers,
and related infrastructure and financial intermediaries servicing the sector. Governments, nongovernment
organizations and other not-for-profit entities are not eligible for the Second Call.
2. Project takes place in eligible countries (see Annex 1 for list of eligible countries).
3. Total project size of US$5 million or greater.
4. Demonstrated profitability over the last three (3) years of the project or evidence of long-term
financial sustainability.
5. High quality management.
6. Financial capacity to service existing and new debt.
7. Compliance with IFC's Environmental & Social Performance Standards 1 and IFC
exclusion list 2
Proposal Submission
Form of submission: The preferred form of submission is via e-mail (GAFSPSecretariat@ifc.org) or,
alternatively, by courier to GAFSP PSW (GAFSP PSW Secretariat IFC; ATTN: Urkaly Isaev mailstop
F2K-206; 2121 Pennsylvania Avenue; Washington, DC 20037)
Disclosure policy: Please note that the proposal documentation submitted will be subject to IFC
Disclosure Policies. 3 However, if the proposal documentation includes confidential or sensitive text or
data that the applicant does not want disclosed publicly, this may be highlighted in the submission.
Language of proposal: English is the operational language of GAFSP, thus submissions are expected only
in English.
Deadline of Submission: Submission must be received by January 31, 2013.
1 Available at:
http://www1.ifc.org/wps/wcm/connect/115482804a0255db96fbffd1a5d13d27/PS_English_2012_Full-
Document.pdf?MOD=AJPERES
2 IFC Exclusion list comprises activities which IFC is unable to engage according to its mandate. This includes
production of tobacco, alcohol, among others. Complete exclusion list is available at:
http://www1.ifc.org/wps/wcm/connect/Topics_Ext_Content/IFC_External_Corporate_Site/IFC+Sustainability/Susta
inability+Framework/IFC+Exclusion+List/
3 IFC Disclosure Policy is available at
http://www1.ifc.org/wps/wcm/connect/corp_ext_content/ifc_external_corporate_site/ifc+projects+database/projects
2

Information Required for Investment Proposals
Project Name / Organization
Type of Incorporation
Sector
Country
Total Project Size (US$)
Amount of Funding Required
under Second Call (US$)
General Project Information
Additional Information to be Attached
□ Audited financial statements for the last three fiscal years, or financial projections for
greenfield projects
□ Certification of company incorporation / articles of incorporation
I. Project Description
[Indicate nature of project, location, project sponsors and brief overview of funding
requirements]
II. Information on Sponsorship and Management
[Indicate background information of project sponsors and management team. In case of a
Greenfield project, and management is currently not in place, indicate any plans to the extent
possible]
III. Market Dynamics and Strategy
[Describe basic market information (including competitors); potential users of products and
distribution channels to be used; anticipated competitive environment; market positioning and
penetration strategy for future growth]
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IV. Investment Requirements, Project Financing and Returns
[Describe project cost breakdown, financial plan indicating expected sources of funding,
financial projections with calculation of return on investments (if applicable), identification of
critical factors determining profitability]
V. Technical Feasibility, Resources and Environment
[Brief description of operations, possible suppliers, potential environmental issues that may arise
and plans to address them]
VI. Regulatory Framework Information
[Analysis of the project in the context of government regulations, including any specific
incentives or other types of support to the project that may be available]
VII. Development Impact
[Expected development impact of the project and rationale with the GAFSP Private Sector
Window objectives; information on farmers reach, estimated productivity gains (if applicable)
and expected benefits to smallholder farmers]
VIII. Estimated Timeline
[Brief overview of estimated timeline for project preparation and completion]
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Annex 1 – List of Countries Eligible for GAFSP Investments
Africa East Asia
Angola
Benin
Burkina Faso
Burundi
Cameroon
C.A.R.
Chad
Comoros
DRC
Congo, Rep.
Cote d'Ivoire
Eritrea
Ethiopia
Gambia, The
Ghana
Guinea
Guinea-Bissau
Kenya
Lesotho
Liberia
Madagascar
Malawi
Mali
Mauritania
Mozambique
Niger
Nigeria
Rwanda
Sao Tome &
Pr.
Senegal
Sierra Leone
Tanzania
Togo
Uganda
Zambia
Cambodia
Kiribati
Laos, PDR
Marshall
Islands
Micronesia
Samoa
Solomon
Islands
Timor-Leste
Tonga
Tuvalu
Vanuatu
Eligible Countries per Region 4
Europe and
Central Asia
Kosovo
Kyrgyz Republic
Moldova
Tajikistan
5
Latin America
and Caribbean
Guyana
Haiti
Honduras
Nicaragua
Middle East and
North Africa
Djibouti
Yemen, Rep. of
South Asia
Afghanistan
Bangladesh
Bhutan
Maldives
Nepal
4 As per GAFSP Private Sector Window Common Charter, eligible countries for GAFSP Investments include IDAonly
countries that are not in non-accrual status. List available at http://www.worldbank.org/ida/borrowingcountries.html#