Innovative Finance for the Amazon, Cerrado and Chaco (IFACC), a new initiative to foster lending and investment for sustainable agriculture in Brazil, Argentina and Paraguay, harnesses the momentum from companies, banks, and investors to create a breakthrough in the commitment and implementation of new mechanisms. IFACC has initial commitments of $3 billion including $200 million of new disbursements by the end of 2022 with a goal to scale up to $10 billion of commitments and $1 billion of disbursements by 2025. IFACC will work with producers, companies, banks, and investors to overcome barriers, catalyze finance towards the transition for sustainable agriculture and help companies, banks and investors meet net-zero commitments and net nature positive targets.
