SAFIN partners have continued to develop and implement innovative responses to ensure inclusive access to finance for agri-SMEs and smallholder farmers during this global crisis. Some initiatives from across the network are highlighted below.
Harvesting data from the front lines
CGAP launched a biweekly survey of microfinance institutions to gather data related to the pandemic’s impact on demand, liquidity and solvency; response measures taken by these institutions; and the effects of public policy responses.
ITC published a report summarizing observations of how the crisis has impacted small farmers and producer communities, and responses that can be taken across value chains to respond to this impact.
APRACA conducted a survey to assess the preparedness and responses of financial institutions in Asia and the Pacific to the global pandemic.
AgriFin launched a survey to assess the global situation in agriculture and agricultural finance during the early stages of the COVID-19 outbreak.
ADFIAP documented the recent initiatives of development finance institutions in the Asia-Pacific region in response to the global pandemic.
Producing recommendations and guidelines
FAO established a knowledge hub with policy briefs, food policy warnings, crop calendars and databases with daily updates on the impact of the pandemic on food security across the globe.
ILO released a sectoral brief with policy recommendations to ensure working conditions for agricultural workers that are in line with international labour standards.
AgriFin issued a flash note for agricultural finance providers covering instruments to support short term and recovery strategies and a flash note on the future of agricultural finance after the current global crisis.
Technoserve released two reports recommending digital training and other methods to help enterprises in developing countries weather the pandemic.