On the invitation of the Smallholder and Agri-SME Finance and Investment Network (SAFIN), ADFIAP participated and made a presentation on blended finance and agriculture in a regional workshop held in Bangkok, Thailand on October 14-15, 2019. ADFIAP was represented by Ms. Maria Teresita Lacerna, Legal Advisor of the ADFIAP Finance and Investment Center (AFIC) who shared the Agri-Finance Program of CARD SME Bank, a case study prepared by AFIC which showed how blending finance can address risks in agriculture lending.
The workshop was co-organized by SAFIN, the Organization for Economic Cooperation and Development (OECD), and the Asia Pacific Rural and Agricultural Credit Association (APRACA) and attended by international government and private agencies, DFIs and private companies. The event featured and discussed in-depth learning experiences and sharing on the use of blended finance to mobilize private capital in agri-SMEs in Asia and the Pacific.
SAFIN is a partnership of 46 financial institutions, philanthropic foundations, development finance organizations, and other networks, among which are the International Fund for Agricultural Development (IFAD), Food Agriculture Organization of the United Nations (FAO) and ADFIAP, working together to bridge the investment gap in agri-SMEs and smallholder investors.
APRACA is regional association composed of 37 institutions in 16 countries and promotes rural finance via promotion and facilitation of cooperation arrangements and exchanges of information and knowledge in the rural and agricultural field.