The Climate Bonds Initiative (CBI) and the International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, have signed a collaboration agreement aimed at promoting sustainable investments to drive rural transformation in developing countries.

The entities will collaborate on diversifying IFAD’s offerings to its clients by introducing a partial credit guarantee coupled with a Rural Transformation Financial Framework (RTFF). This framework will be integrated with Climate Bonds Initiative’s transition frameworks and criteria for decarbonization within the agri-food sector. Moreover, the collaboration is expected to result in concrete actions, including capacity building and technical assistance to institutions such as national development banks, regulators, and policymakers.