Project profile — Climate Smart Agriculture in Latin America and the Caribbean



Overview 

CA-3-D003180001
$13,000,000
IDB - Inter-American Development Bank (46012)
2016-11-26 - 2025-03-31
Operational
Global Affairs Canada
NGM Americas

Country / region 

• North and Central America, regional (92.31%)
• South America, regional (7.69%)

Sector 

• Agricultural policy and administrative management:
Agricultural policy and administrative management (31110) (10.00%)
Food crop production (31161) (20.00%)
Agricultural education/training (31181) (20.00%)
Agricultural research (31182) (10.00%)
• Environmental policy and administrative management:
Environmental policy and administrative management (41010) (10.00%)
Bio-diversity (41030) (10.00%)
Flood prevention/control (41050) (10.00%)
Environmental education/training (41081) (10.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (principal objective)
• Participatory development and good governance (significant objective)
• Trade development (significant objective)
• Biodiversity (significant objective)
• Climate change mitigation (significant objective)
• Climate Change Adaptation (principal objective)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• ICT as a tool for development (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Nutrition (not targeted)

Description 

This project aims to assist countries in Latin America and the Caribbean (LAC) to sustainably increase their agricultural productivity and improve regional food security, while adapting and building resilience to climate change. The project contributes to a multi-donor funding platform called AgroLAC 2025, coordinated by the Inter-American Development Bank (IDB). This fund brings together a broad range of public and private sector donors worldwide. AgroLAC 2025 identifies and supports sustainable agricultural practices and market systems in the Latin America and Caribbean region. AgroLAC has three program pillars: access to markets, productivity of farmers, and agricultural/environmental sector management. Project activities include: (1) strengthening the ability of governments to develop sustainable agricultural plans and policies; (2) strengthening the capacity of farmers to increase productivity through sustainable agricultural intensification, and (3) stimulating trade and access to regional and global food markets for farmers in Latin America and the Caribbean.

Expected results 

The expected outcomes for this project include: (1) increased access for climate- smart agricultural sector players to regional and global food markets; (2) increased sustainable and climate resilient productivity of targeted farmers (for women and men); and (3) improved sustainable and gender-responsive natural resource management by targeted governments and farmers.

Results achieved 

Results achieved as of March 2023 include: (1) approved nine technical cooperation projects; (2) PROCOMER launched seven call for proposals in Costa Rica; (3) selected 78 small and medium enterprises (SMEs) through the call for proposals to receive co-financing (35 women-owned) to develop green transformation projects; (4) delivered training and learning materials on sustainable agricultural products or practices and financing services to 2755 farmers (638 women); (5) designed an Agribusiness Marketplace Platform in the ConnectAmericas platform to facilitate international market opportunities for Central American agricultural small and medium enterprises; (6) organized “LAC Flavors Panama 2022” forum in July 2022, which attracted 316 SME agri-food suppliers (152 women and 164 men) from 25 countries in Latin America and the Caribbean (LAC); (7) developed three new financial instruments, including new credit and guarantee lines for microfinance institutions, cooperatives and credit unions in the agricultural sector in Honduras; and (8) developed a new credit program, “Agrocredito 8.7”, which primarily targets SMEs operating in rural areas in Honduras and promotes access to agri-food credits to mitigate the effects of climate change in the productive sector through the granting of credits.

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Aid grant excluding debt reorganisation
Collaboration type Bilateral
Type of aid Contributions to specific-purpose programmes and funds managed by implementing partners
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