Washington D.C., September 5, 2013—IFC,
a member of the World Bank Group, will invest in Kaiima Bio-Agritech Ltd
to help the company expand the use of high-yield, water-efficient seeds
in China, India, and other developing countries.
Kaiima’s seeds are particularly useful in conditions of drought and poor
soil quality. They hold potential for promoting the use of no-till
farming, a technique for conserving water and reducing greenhouse gas emissions.
IFC’s equity investment will support Kaiima’s research and development
and provide working capital for marketing and expansion in developing countries.
"By 2050, farmers must produce 70 percent more food than they do today
just to sustain the growing world population," said Dr. Doron Gal,
Chief Executive Officer of Kaiima, which is based in Israel. "This
is a daunting challenge that modern agriculture technology must rise up
to meet. The strategic alliance we have formed with IFC fuels our rapid
advances in yield enhancement technology, and positions Kaiima to become
an outstanding participant in the global fight against hunger."
"Emerging countries have a critical need for improved crop yields
at a time of increasing demand for food," said Stephanie Miller, IFC
Director for Climate Business. "Technological innovations like these
create opportunities to enhance food production with a limited impact on
the environment, both short- and long-term. This is IFC's second investment
in climate adaptation, and we are committed to continuing to build resilience
against the potential impacts of climate change." IFC’s agribusiness
strategy aims to promote food security, inclusive growth, and environmental
and social sustainability in agricultural supply chains.
IFC works with supply chain integrators to provide small farmers and rural
businesses with access to finance, access to inputs like equipment and
seeds, advice and extension services, and access to markets. In FY 2013,
IFC invested $4.5 billion across the agricultural value chain.
Kaiima, whose name in Hebrew means sustainability, is an innovative Israel-based
seed and breeding-technology company. Kaiima's mission is to help feed
the world and energize it by introducing new varieties of key agricultural
crops, specifically designed for sustainable agriculture, with vastly improved
yields. EP™ has been successfully demonstrated by Kaiima in several crops,
including wheat, maize, rapeseed and castor. For more information,
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in more than 100 countries, we use our capital, expertise,
and influence to help eliminate extreme poverty and promote shared prosperity.
In FY13, our investments climbed to an all-time high of nearly $25 billion,
leveraging the power of the private sector to create jobs and tackle the
world’s most pressing development challenges. For more information, visit