Nutritious Food Financing Facility (N3F) Program Review Report, June 2021

The report provides a qualitative assessment of the N3F's theory of change and plans to increase investment in and supply of nutritious foods for low- and middle-income consumers, particularly in sub-Saharan Africa. The report examines the relevance, uniqueness, consistency, and feasibility of the N3F's theory of change and provides recommendations for improvement. It also discusses key issues affecting the attractiveness and potential impacts of the N3F, including credit-market backdrop issues, investor objectives, and impact issues. The report concludes with final reflections on the N3F's potential and suggests ways USAID can support the facility.