Alliance Finance Company PLC (AFC) has entered into an advisory engagement with the International Finance Corporation (IFC), a member of the World Bank Group, to strengthen its capabilities in climate-smart agriculture (CSA) financing in the country.
The engagement will support AFC in identifying opportunities within agricultural value chains and enhancing its risk management framework for climate-smart agriculture portfolios. The initiative reflects AFC’s continued commitment to integrating holistic sustainability into its core business operations while supporting Sri Lanka’s transition towards a more resilient and inclusive agricultural sector.
Guided by its long-standing adoption of the Triple Bottom Line philosophy - People, Planet, and Profit - AFC has embedded holistic sustainability into its business model, ensuring that financial performance is achieved alongside positive social and environmental impact.
Under this collaboration, IFC will conduct a comprehensive diagnostic of AFC’s agriculture financing operations. This will include evaluating existing processes for financing agri-SMEs and farmers, assessing product offerings, and identifying areas for improvement. The engagement will also involve in-depth analysis of selected agricultural value chains, examining production dynamics, stakeholder ecosystems, and climate-related risks.
In addition, IFC will support the development of advanced risk assessment tools and recommend climate-smart solutions, technologies and partnerships to strengthen AFC’s agricultural financing portfolio.
This initiative reinforces AFC’s position as a leader in sustainable finance in Sri Lanka, continuing its long-standing commitment to supporting communities, strengthening livelihoods, and promoting responsible economic growth.
Image Caption : IFC and AFC dignitaries at the event. From left: Victor Navaranjan Antonypillai (Principal Country Officer - IFC); Mehdi Cherkaoui (Manager, FIG Upstream and Advisory Services, South Asia - IFC); Romani de Silva (Deputy Chairman / Managing Director – AFC) Meetu Singh (Country Anchor, FIG Upstream and Advisory Services, Sri Lanka and Maldives - IFC); Aruna Rodrigo (Executive Director / COO – AFC)
