Brochure - ADF: 50 years of making a difference 2022 | Page 15

THE PRIVATE SECTOR CREDIT ENHANCEMENT FACILITY

THE PRIVATE SECTOR CREDIT ENHANCEMENT FACILITY

The Technologies for African Agricultural Transformation program is harnessing proven high-impact technologies to raise agricultural productivity and boost output in Africa . Since 2020 , this African Development Fund program has made a remarkable difference . It is enabling farmers to increase yields and improve their livelihoods . Examples abound in the successful deployment of drought-resistant maize , heat-resistant wheat , and treatments against pests like the fall armyworm , which has
been devastating crops across the continent .
The program is mitigating risks and promoting diversification and processing in 18 agricultural value chains in many countries . Overall , the program will increase food output by 100 million tons and lift 40 million people out of poverty by 2025 . It is deploying technologies at scale along nine commodity value chains : maize , rice , wheat , high-iron bean , cassava , orange-fleshed sweet potato , sorghum / millet , livestock , and aquaculture .
Established in 2015 , the Private Sector Credit Enhancement Facility ( PSF ) funded by the African Development Fund , provides credit risk participations in private sector operations of the African Development ’ s private sector loans in ADF countries . This enables the African Development Bank to scale up its private sector
projects in these countries . From 2015 to 2021 , the PSF has extended $ 815 million as guarantees to cover Bank loans valued at over $ 2.9 billion . PSF supports the Bank to achieve “ firsts ” in countries such as Sudan where the Bank has disbursed corporate loans amounting to $ 133 million to two agro-industrial companies .
50 Years I African Development Fund 13