USD 150.7 million invested
FONTAGRO is a strategic investment and co-financing fund, created by the finance ministers of its member countries, and is unique worldwide. Its mission is to foster strategic alliances and build multi-country, multi-stakeholder, and multidisciplinary networks to enable the sustainable financing of agricultural research, development, and innovation (R&D&I).
It also serves as a leading forum for technological innovation, promoting regional dialogue to boost the competitiveness of the agri-food sector, reduce poverty, and promote the sustainable use of natural resources.
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).
Co-financing requirements vary depending on the project.
FONTAGRO (Regional Fund for Agricultural Technology) is an alliance of 15 countries established to support agricultural innovation in Latin America and the Caribbean, by allocating non-reimbursable funds.
FONTAGRO’s member countries are Argentina, Bolivia, Chile, Colombia, Costa Rica, Ecuador, Spain, Honduras, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Uruguay, and Venezuela.
FONTAGRO’s sponsoring institutions are the Inter-American Development Bank (IDB) and the Inter-American Institute for Cooperation on Agriculture (IICA). It also has strategic alliances with other international agencies such as the Food and Agriculture Organization of the United Nations (FAO), CGIAR, the Ministry for Primary Industries and the Global Research Alliance on Agricultural Greenhouse Gases (GRA) of New Zealand.
FONTAGRO's resources, together with other contributions from organizations related to its mission, are used to cofinance, competitively and/or by consensus, original agricultural and agri-food research and innovation activities; which have a positive effect on reducing poverty, increasing productivity, competitiveness, and sustainable management of natural resources.
FONTAGRO expands the base of activities in the region with the support of regional public-private cooperation platforms between countries and organizations, strengthening the synergies in agricultural research and innovation.
The mission, vision, and strategic objectives of allocating FONTAGRO resources, its priority work areas, and investment opportunities at the regional level are set out in the five-year Medium-Term Plan
Must be a FONTAGRO member country.