CBI and IFAD from United Nations join forces to promote sustainable investments in rural transformation in developing countries
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.