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A number of financial institutions work with FAO on the development and implementation of the SPFS programmes, especially Regional Development Banks. FAO and the Inter-American Development Bank Group (IDB) work in partnership with 3 regional economic organizations (CARICOM/CARIFORUM, CAN, CORECA-CAC and MERCOSUR) in Latin America and the Caribbean. They work together in the regional fight against poverty, by spearheading regional and subregional strategies, programmes and projects aimed at improving sustainable agricultural and rural development and food security.
The West African Development Bank (BOAD) finances SPFS projects with over US$27 million. The African Development Bank (AfDB) provides project financing for the SPFS projects in eight African countries - Cameroon, Cape Verde, Ghana, Guinea, Malawi, Mauritania, Mozambique and Tanzania - with a budget of approximately US$1 million for each project. The Islamic Development Bank (IDB) finances several projects, the latest is a SCC project between Gambia and Bangladesh.
Other financing institutions currently contributing to the SPFS are:
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The Inter-American Development Bank (IDB) works in partnership with 4 regional economic organizations (CARIFORUM-CARICOM, CAN, CORECA-CAC and MERCOSUR) in Latin America and the Caribbean to improve food security.
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