by Andrea Gilbert 

International Finance Corporation (IFC) has proposed $31 million in new commitments to two agriculture-focused impact funds, ahead of its November board meeting.

The first proprosed commitment is $6 million to Catalyst Fund Resilience I, a venture capital fund managed by The Catalyst Fund. Launched in 2022 with a $40 million target, the fund backs early-stage agri-tech companies across Africa, focusing on fintech for climate resilience, sustainable livelihoods, and climate-smart essential services.

The second commitment would be $25 million to Patria/Pachama Latam Reforest Fund I, a timber and nature-based carbon removal fund managed by Patria Investments. Launched in 2024 with a $100 million target, the vehicle focuses on afforestation, restoration and revegetation (ARR) projects in Brazil.

If approved, these investments will bring IFC’s total number of agriculture impact fund commitments to over 20.