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Regional Fund for Agricultural Technology (FONTAGRO)

Regional Fund for Agriculture Technology (FONTAGRO) is a unique cooperation mechanism among Latin America and Caribbean countries and Spain that promotes innovation in family farming, competitiveness, and food security. Established in 1998, FONTAGRO has 15 member countries, which have contributed with a capital that has reached USD 100 Million. The funds sponsors include: The Inter-American Development Bank (IDB), which provides legal, administrative, and technical support; and the Inter-American Institute for Cooperation on Agriculture (IICA), which provides technical and strategic support. FONTAGRO's 2015-2020 medium-term plan priorities include research and innovation through support for projects and initiatives. Main strategic themes are: technological, organizational, and institutional innovation; adaptation to and mitigation of climate change; sustainable intensification of agriculture and natural resource management; competitive territories and value chains within a framework of equity and sustainability.

Support provider

Inter-American Development Bank (IADB), the Inter-American Institute for Cooperation on Agriculture (IICA), and 15 countries (i.e. Argentina, Bolivia, Chile, Colombia, Costa Rica, Dominican Republic, Ecuador, Honduras, Nicaragua, Panama, Paraguay, Peru, Spain, Uruguay, Venezuela).

Purpose of support

Project and program implementation

Eligible countries and regions

Must be a FONTAGRO member country.

Financial instruments

Grants, In-kind contributions

Co-financing requirements (if applicable)

Co-financing requirements vary depending on the project.

Decision-making information

FONTAGRO is a partnership among countries. It operates through a Board of Directors which holds ordinary and extraordinary annual meetings of representatives of its member countries, an Executive Board, and a Technical Administrative Secretariat.

Pursuant to the Agreement establishing FONTAGRO, it comprises a Board of Directors, an Executive Board, a Finance Committee, and a Technical Administrative Secretariat.

The Board of Directors is the FONTAGRO’s highest governing body. All member countries will have a seat in the Board of Directors by means of an appointed representative and an alternate representative, both duly accredited by the relevant national authorities. The representatives have proven experience in research and technological innovation in the sector.

The Board of Directors has a President and a Vice President, elected by the member countries by consensus or by voting, if necessary. Their term of office is one year, and it is renewable for an additional period.

The Secretariat is the technical support and administrative body. It is directed by the Executive Director, who is appointed by the Board of Directors, and elected through an international open competition for a three-year renewable term.

Information on how to...

Access funds during the call for proposals by reviewing the call for proposal page here. More information on project procurement through the Inter-American Development Bank can be found here.

Climate objective

Adaptation, Mitigation, Cross-cutting

Sectors and themes

Agriculture, Poverty

Type of support provider

Multilateral

Type of recipient

Public entity at the national level, Public entity at the sub-national level, Public entity at the regional level, Private sector, International organization

Fund size

USD 100 Million

Co-financing required

Yes

Trustee or administrator

Inter-American Development Bank by mandate of FONTAGRO Board of Directors

Contact information

https://www.fontagro.org/en/

fontagro@iadb.org

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Regional Fund for Agricultural Technology (FONTAGRO)

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