Leveraging remittance-based matching grants for investing in agribusiness development

Fallas Conejo, D.; Sánchez, M.V.;

Leveraging remittance-based matching grants for investing in agribusiness development

Leaving no migrants behind

Copyright licence

Year of publication 2024

Place of publication Rome, Italy ;

Pages 100 p.

Author Fallas Conejo, D.; Sánchez, M.V.;

Publisher FAO ;

Product type Book (series)

Category Technical study

ISBN 978-92-5-139112-9

Series title FAO Agricultural Development Economics Technical Studies

Series number No. 35

Full item page

To cite or share https://doi.org/10.4060/cd2427en

Synopsis (short abstract) Insufficient public financing under current fiscal constraints demands more private financing to support investment in agrifood systems. Despite the general enthusiasm for using remittances for development, initiatives face challenges in consistently directing these funds into productive endeavours. While efforts have mainly focused on collective or philanthropic remittance-based mechanisms, individual remittance-based mechanisms align better with the financial capabilities and remittance patterns of most migrants. This document first explores the available knowledge on individual remittances and their harnessing for business development using cash-based matching grant schemes and subsequently provides evidence on the implementation of such schemes in a rural setting. Against this backdrop, it then discusses recommendations and best practices on how to implement a programme for harnessing individual remittances for agribusiness development using a cash-matching grant scheme that could be scaled up or emulated.

Cite this content as:

Fallas Conejo, D. & Sánchez, M.V. 2024. Leveraging remittance-based matching grants for investing in agribusiness development – Leaving no migrants behind. FAO Agricultural Development Economics Technical Study, No. 35. Rome, FAO.

https://doi.org/10.4060/cd2427en

Read on Google Books and buy online

Language English

Related items

Showing items related by metadata.

Brochure, flyer, fact-sheet

Brochure
Matching grant programmes: An effective approach to channel remittances into sustainable investment in agribusiness?
FSN Forum report of activity, No. 177
2023

Also available in:

Arabic
Chinese
French
Russian
Spanish

This document summarizes the online consultation “Matching grant programmes: An effective approach to channel remittances into sustainable investment in agribusiness?” held on the FAO Global Forum on Food Security and Nutrition (FSN Forum) from 18 February to 15 May 2022. This consultation was organized in the context of FAO’s work on supporting countries in developing evidence-based policies and programmes to support migrants and returnees, and their families, in investing remittances in agribusiness – one example being the pilot project “Promoting Inclusive Economic Growth through Matching Grants”, conducted by ESA in Tajikistan. The consultation’s aim was to help further refine the design of such policies and programmes by gathering input from a wide range of stakeholders on the potential of matching grant programmes (MGPs) to stimulate the investment of remittances in the agricultural sector.
Document

Evaluation report

The Agribusiness Support for Smallholders Project in Kenya – GCP/KEN/070/GER
Evaluation Report
2014

Also available in:

No results found.

This final evaluation of the four-year US$2,579, 511 Agribusiness Support for Smallholders (AbSS) Project was carried out in January and February 2014. The purpose of the evaluation was to draw specific conclusions and formulate recommendations for any necessary further action by Government, FAO and/or other parties. The evaluation was expected to identify specific good practices that validate the approach, fine tune the concept, and assess the potential for follow-up or up-scaling action and le ssons to be learned for the formulation and execution of other similar projects.
Project

Factsheet

Increasing Public and Private Investments in Agriculture and Agribusiness Sectors of Uganda - GCP/UGA/058/EC 2025

Also available in:

No results found.

In Uganda, access to finance is a critical bottleneck for the private sector, namely agribusinesses and cooperatives, where just 49 percent of the population utilize formal financial services in the rural areas of the country. Value chain actors face constraints to access equity, working capital, terms loans, lease, or receivables. In this context, Uganda Development Bank (UDB), the country’s national Development Finance Institution, with a mandate to accelerate socioeconomic development in Uganda through sustainable financial interventions, provides funding for the agriculture and agroprocessing sector. However, UDB faces challenges in agriculture banking, including high transaction costs, inherent and perceived sectoral high risks, as well as having limited options of geographic enlargement for expanding its agriculture portfolio, among other things. This European Union-funded project aimed to increase public and private investments in the agriculture and agribusiness sectors of Uganda, through enhanced capacity of the UDB and public-private policy dialogue.