Finance leaders gathered in November in Egypt to debate the past, present and future of financing conservation during a parallel event of the High Level Segment of the CBD COP 14. The event brought together a diverse range of leaders who are forging a new path for a post-2020 framework for biodiversity conservation – dubbed ‘the New Deal for Nature’. Read the full story from BIOFIN here.
From October 29 to November 1, RedLAC - the Environmental Funds Network of Latin America and the Caribbean - held its 20th Annual Assembly, for the second time in Bolivia. This year's event, had two hosts: The Foundation for the Development of the National System of Protected Areas (FUNDESNAP) and the Foundation for the Conservation of the Chiquitano Forest (FCBC).
RedLAC is a knowledge and cooperation platform that currently brings together 22 Funds from 18 countries in the region. Its Assemblies are characterized by bringing together not only the members, but also international cooperation agencies (Development Bank of Latin America-CAF, Fonds Francais pour l'Environnement Mondial-FFEM, the Danish-DANIDA cooperation), the main international NGOs (including WWF, WCS and Conservation Finance Alliance-CFA) and conservation and finance experts. By bringing these participants together, the RedLAC Assemblies have become the most important forum on conservation finance issues in the region.
This year's Assembly focused on issues related to CREATIVITY AND INNOVATION FOR CONSERVATION AND SUSTAINABLE DEVELOPMENT, as a key issue, but also presented solutions and challenges that affect all types of ecosystems and the financial needs for conservation and conservation. sustainable development.
For the first time, the Assembly was held in Bolivia. The organization of the event wanted to use this opportunity to highlight the environmental importance of INNOVATION and CREATIVITY and talk about the threats that affect them.
In addition to FUNDESNAP and FCBC, which were co-hosts, other Bolivian organizations participated in both the agenda and participants of the event, including Agrotec, the National Service of Protected Areas (SERNAP) and the NGO Fundación Simón I. Patiño.
Clarmondial is pleased to confirm that the United States Agency for International Development (USAID), through the Bureau for Food Security (BFS) and the Development Credit Authority (DCA), will support the Food Securities Fund with a USD 37.5 million credit guarantee. The agreement covers a portfolio of up to USD 150 million.
After extensive due diligence, USAID approved significant support to the implementation of the Food Securities Fund. In addition to its investment objectives and strategy, the Fund was selected based on its alignment with USAID’s impact priorities, in particular on sustainable agriculture and food security in Feed the Future countries. USAID and Clarmondial are planning an invitation-only signing ceremony with key partners in Washington DC this November.
The Food Securities Fund combines an innovative investment strategy with a standard and liquid fixed-income fund structure in Luxembourg to deliver change at scale. The Fund addresses the gap in season-long loans for agriculture production in emerging markets, thereby contributing to the UN Sustainable Development Goals – notably SDGs 1, 2, 8, 12, 13 and 15 – by promoting climate smart agriculture and responsible, deforestation-free supply chains.
The fund offers investors access to growth markets. The use of blended finance significantly reduces risk, while partnerships with leading international companies grant access to an extensive pipeline at low transaction costs.
The Food Securities Fund is supported by the blended finance platform Convergence (announcement available here). It has also received support from Climate-KIC, as well as from leading companies in the agricultural sector.