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Credit Guarantee models for Fertilizer Financing in Africa
In 2018, the Governing Council of the Africa Fertilizer Financing Mechanism (AFFM), realigned the strategic orientation of the AFFM. As a result, the tenure of AFFM was extended to 2032 and the Council reaffirmed the Mechanism’s aim to create an enabling environment for mobilizing investments needed to achieve a target of 50kg of nutrients per hectare of fertilizer use as agreed in the 2006 Abuja Declaration. In this regard, AFFM through a study, identified credit guarantees as a financial instrument which can contribute to boosting access to fertilizers in Africa.