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Henan Green Agriculture Fund Project

Abstract*

The development objective of the Henan Green Agriculture Fund Project for China is to demonstrate the viability of financing green agriculture investments and foster the innovation and adoption of green agriculture standards and technologies in Henan. The project comprises of two components. The first component, green agriculture fund will support the establishment of a dedicated investment facility to demonstrate the viability of financing green...

* The project abstract is drawn from the PAD, SAR or PGD and may not accurately reflect the project's current nature

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Development Objective

The proposed objective is to demonstrate the viability of financing green agriculture investments, and foster the innovation and adoption of green agriculture standards and technologies in Henan.

Key Details

Project Details

  • P169758

  • Active

  • Sandra Broka

  • People’s Republic of China

  • China

  • May 23, 2019

  • (as of board presentation)

    March 26, 2020

  • October 14, 2021

  • US$ 300.00 million

  • Henan Agriculture Development Fund Investment Corporation

  • East Asia and Pacific

  • 2020

  • US$ 300.00 million

  • N/A

  • Substantial

  • December 31, 2026

  • No

  • BANK APPROVED

  • December 10, 2023

  • Notes

Finances

Financing Plan (US$ Millions)

No data available.
Financier Commitments
International Bank for Reconstruction and Development 300.00

Total Project Financing (US$ Millions)

Product Line IBRD/IDA
IBRD Commitment 300.00
IDA Commitment N/A
IBRD + IDA Commitment 300.00
Lending Instrument
Grant Amount N/A
Total Project Cost** 300.00

Summary Status of World Bank Financing (US$ Millions) as of April 30, 2025

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No data available.
Financier Approval Date Closing Date Principal Disbursed Repayments Interest, Charges & Fees

Detailed Financial Activity as of April 30, 2025

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No data available.
Period Financier Transaction Type Amount (US$)
Mar 26, 2020 IBRD-90460 Loan Commitment 300,000,000.00
Oct 14, 2021 IBRD-90460 Loan Disb 772,308.20
Oct 14, 2021 IBRD-90460 Fee Charges 772,308.20
Mar 15, 2023 IBRD-90460 Int Charges 777,053.70
Mar 15, 2023 IBRD-90460 Int Charges 281,305.97
Sep 15, 2022 IBRD-90460 Int Charges 276,903.22
Sep 15, 2022 IBRD-90460 Int Charges 184,770.06
Apr 7, 2022 IBRD-90460 Loan Disb 57,738,200.00
Mar 15, 2022 IBRD-90460 Int Charges 425,906.75
Mar 15, 2022 IBRD-90460 Int Charges 2,202.16
Sep 15, 2023 IBRD-90460 Int Charges 286,762.38
Sep 15, 2023 IBRD-90460 Int Charges 1,329,953.10
Mar 15, 2024 IBRD-90460 Int Charges 289,578.66
Mar 15, 2024 IBRD-90460 Int Charges 1,512,941.10
Apr 3, 2024 IBRD-90460 Loan Disb 1,077,600.00

Footnotes

Ratings

IMPLEMENTATION RATINGS

Name Review Date
Progress towards achievement of PDO Moderately Satisfactory 2025-04-28
Procurement Satisfactory 2025-04-28
Financial Management Moderately Satisfactory 2025-04-28
Monitoring and Evaluation Moderately Satisfactory 2025-04-28
Overall Implementation Progress (IP) Moderately Unsatisfactory 2025-04-28
Project Management Moderately Unsatisfactory 2025-04-28

COMPLETION RATINGS

No data available.

INDEPENDENT EVALUATION RATINGS

No data available.

Results Framework

PROJECT DEVELOPMENT OBJECTIVE INDICATORS

INDICATORBASELINECURRENTTARGET
  • 1. Amount of externally leveraged investments in green financeValue0.0025985714.00300000000.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2. Number of applications of replicable green agriculture technology solutions supported by the projectValue0.002.0020.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 3. Reduced GHG emissions from the application of green standards and technologies (MT)Value0.0010.3725.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment

INTERMEDIATE RESULTS INDICATORS

INDICATORBASELINECURRENTTARGET
  • 2.4 Number of market studies on alternative sources of funding for GAFValue0.000.001.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.5 Utilization rate of manureValue0.000.0095.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2.5 Number of agricultural green agriculture standardsValue0.000.005.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.6 Energy savings from agriculture storage, processing, distribution or logisticsValue0.008.7815.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2.6 Share of female investment professionals in the GAF investment teamValue50.0055.0050.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.7 Share of investee firms are women-owned/women-ledValue0.00100.009.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.8 Share of investee enterprises that feel sub-project finance reflects their needsValue0.00100.0070.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2.1 HADFIC to formulate relevant operational policies and procedures on the environmental and social risk managementValueNoYesYes
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.1 Enterprises adopting green agricultural technologyValue0.002.0060.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2.2 HADFIC staff trained in green investment capacity building programsValue0.00130.0030.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.2 Amount of external capital into sub-fund investmentsValue0.000.0030000000.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.3 Average return on assets of the sub-projects weighted by the amount of equity investments (%)Value0.000.00>0
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 2.3 Number of innovations funded through challenge fundValue0.000.005.00
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment
  • 1.4 Debt portfolio at risk (PAR) as of 90 days late (%)Value0.000.00<5
    DateDecember 31, 2018December 5, 2023December 31, 2026
    Comment