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Private Sector Governance

The common charter of GAFSP Private Sector Window establishes the basic rules that govern implementation of the program. As the implementing entity and Private Sector Window Secretariat, IFC was delegated authority from contributors to deploy investments and advisory services according to its relevant guidelines and policies. In addition to the Secretariat, there are three main governing bodies for this window.

 

 

Governance Structure of the Private Sector (Click on the diagram for a more detailed, pdf version)

 

 

Donor Committee

  • Provides strategic guidance to GAFSP Private Sector Window for deployment of GAFSP funds
  • Approves formation of the Consultative Board
  • Approves Annual Plan presented by IFC as Secretariat for the Private Sector Window
  • Comprised of contributors that supported with at least US$ 20 million

 

GAFSP Steering Committee

  • Endorses Annual plan presented by IFC as GAFSP Private Sector Window Secretariat
  • Review and comment on Annual Progress Reports presented by IFC as GAFSP Secretariat
  • Approves and provides comments on the formation of the Consultative Board

 

Consultative Board

  • Provides  technical advice and comments to Donors Committee to: (i) increase development impact; (ii) foster innovation; and (iii) further partnerships
  • Arranged periodically by the GAFSP Private Sector Window Secretariat with the approval of GAFSP Donor and Steering Committees
  • Comprised of representatives from the academia, civil society organizations, private financial institutions, and development agencies with experience in the agribusiness sector, up to five members
  • It will be active for the first three years once there are two contributors to GAFSP Private Sector Window
  • It is subject to annual reviews by the Donor Committee
  • Its recommendations and communications are non-binding

 

Key Documents

IFC Private Sector Charter (pdf, April 18, 2012)