Henan Green Agriculture Fund Project

The development objective of the Henan Green Agriculture Fund Project for China is to demonstrate the viability of financing green agriculture investments and foster the innovation and adoption of green agriculture standards and technologies in Henan. The project comprises of two components. The first component, green agriculture fund will support the establishment of a dedicated investment facility to demonstrate the viability of financing green agriculture investments in Henan by providing financing for equity investments and on-lending to eligible firms. The second component, technical assistance and innovation challenge will support the strengthening of institutional, fiduciary, and safeguards management systems of the Henan Agriculture Development Fund Investment Corporation (HADFIC) for achieving institutional performance and governance benchmarks in compliance with China’s green finance system regulations and global best practices (such as equator principles). It consists of following sub-components: (i) technical assistance to implement institutional enhancements for the HADFIC; (ii) technical assistance to promote the discovery and dissemination of green agriculture technologies; and (iii) risk-capital challenge fund.