USD 124.4 million mobilized
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.
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 is an alliance of 15 countries whose governance operates through a Board of Directors and a Technical-Administrative Secretariat led by an Executive Secretariat.
FONTAGRO has a President and a Vice President, elected annually from among the members of the CD, and together with the Executive Secretariat, they make up the Executive Committee.
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.
Must be a FONTAGRO member country.