CAF outlined a roadmap for green financing in the coffee sector

The Development Bank for Latin America (CAF) ratified this Tuesday its commitment to double the resources destined for sustainability projects in the region.

(The crisis of the ‘subprime’ in the coffee sector).

The announcement was made during the second and last day of the event ‘Many voices, one region’, held in New York, as a commemoration of CAF’s ten years as a permanent observer of the United Nations system.

“Our goal is to go from 21% (of financing) last year to 40% in the next four years, in terms of climate change, mitigation of its effects, disaster forecasting and making the necessary infrastructure to be resistant to what what comes next”expressed Sergio Díaz-Granados, president of the bank, during one of his participations.

In this way, the executive endorsed the announcement he had made to Portafolio during an exclusive interview prior to the event in the United States.

(The concerns of coffee growers regarding the tax reform).

Among the forums held this Tuesday, stands out ‘Sustainability of coffee farmers’, about the alternatives and resources that coffee communities have to promote sustainable development, and alliances to achieve a more inclusive agricultural sector in the region.

On this occasion, the guests were: Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University; Leonor Zalabata Torres, Colombian ambassador to the UN; Jamie Coats, CEO Wise Responders and Co-Founder of Sophia Oxford; Alicia Montalvo, Manager of Climate Action and Positive Biodiversity at CAF; and Frederick Kawuma, Secretary Emeritus of the Inter-African Coffee Organization.

In the words of welcome, Sergio Díaz-Granados, executive president of CAF, highlighted the importance of the region’s producers. “Latin America and the Caribbean are synonymous with coffee, agriculture and social structures converge around it, (…) 15 countries in our region produce 60% of the coffee consumed by the world.”

(Juan Valdez found greater dynamics in the international channel).

In this sense, according to Juan Esteban Orduz, president of the World Forum of Coffee Producers (FMPC), the aim is to “establish priorities and have an organized plan” in order to promote actions for the prosperity of the coffee growing communities in the region of Latin America.