The UN body granted its firm direct loan to Nigerian impact enterprise Babban Gona, which has since received commitments worth $23m from other senior debt lenders.
Research associate Zoe Willingham says the government’s role in the Farm Credit System means lenders have a responsibility to help strengthen climate resilience of ag credit.
Loan applications under the €100 million vehicle are being secured to help dairy farmers expand sustainably after the abolition of the EU milk quota production scheme.