Global FS Platform (child)

completed

By the end of the program, IFC will achieve the goal through two measurable objectives: Objective 1: Use food safety advisory as a lever to improve the performance and efficiency of agribusiness and retail clients by a) increasing sales, b) reducing costs, and/or c) reducing the risk profile. Working with lead firms or their supply chains, this objective will focus on operational capacity to enhance their food safety practices and achieve internationally-recognized certification, often a prerequisite to access new markets, or retain key clients. By completion of the work under this component, IFC will have supported food companies, including SME supplier firms and farms, to improve food safety practices. This will lead to sales increase within one year after completion, to facilitated financing increase within one year after completion, to operations costs reduce by completion, and to measurable risk reduce for clients (as measured by increase in food safety assessment scores) by completion. The result will offer a major benefit, with every dollar invested in the project yielding in increased sales revenue for clients over the medium term. Objective 2: Build capacity across strategic sectors by: a) ensuring knowledge management across World Bank Group and beyond, b) build credibility in local markets through collaboration with global industry players and the World Bank Global Food Safety Partnership.