The Infrastructure Development Bank of Zimbabwe (IDBZ) is advancing its climate finance portfolio with the development of the US$50 million Horticulture Investment Fund for Enhanced Climate Resilience.
The facility is designed to fortify Zimbabwe’s high-value export chains against the escalating threats posed by a changing climate.
The fund utilises a blended finance structure, integrating concessional resources from the Green Climate Fund with critical co-financing from an array of development partners, public sector sources, and private investors.
The million Horticulture Investment Fund for Enhanced Climate Resilience aims to stabilise and grow essential sectors, specifically targeting coffee, citrus, avocado, berries, and fresh produce.
Beyond infrastructure and crop security, the initiative carries a significant socio-economic mandate.
“The facility, which will blend concessional resources from the Green Climate Fund with co-financing from other development partners, public sources and the private sector, seeks to strengthen resilience in high-value export chains including coffee, citrus, avocado, berries, and fresh produce,” IDBZ acting chief executive Willing Zvirevo said in a statement accompanying financials.
He added that the project is expected to reach over 150,000 direct beneficiaries.
Central to its implementation are robust participation targets for women and youth, ensuring that the transition to climate-resilient agriculture provides equitable economic opportunities across the country’s demographic landscape.
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