Andean bio-trade: a strategy for preservation and sustainable use
Part of the results of this program include the training of more than 100 executives from financial and local development agencies, and close to 60 thousand hectares under sustainable management
Colombia, Ecuador and Peru are the beneficiaries of the GEF-CAF Cooperation Contract seeking to facilitate financing for business initiatives at a local, national, and regional scale, based on the sustainable use of biodiversity, and support activities for the development of markets, in order to contribute to the preservation of the region's environment.
Results at a regional scale, according to the review carried out in June of this year, include:
- Close to 60 thousand hectares under sustainable management, with compliance ratings exceeding 50% with respect to "bio-trade principles and criteria" measured in 115 pilot projects.
- Training provided to 100 executives from financial entities and local development agencies.
- Bio-trade training provided to more than 100 executives from financial entities and local development agencies.
- Seventy four new initiatives launched to the market through incubation programs.
- Three hundred and twenty seven public employees involved with the norms to use and take advantage of biodiversity in a sustainable manner.
Total resources reach almost USD 14.4 million. The purpose is to help participating countries to overcome the barriers to bio-trade, achieving environmental externalities together with commercial benefits.
The project is aimed, among other things,at facilitating the development and rationalization of policies that favor bio-trade, increasing the access of products that come from biodiversity to markets that reward sustainable extraction and production, and provide training in entrepreneurial capacities in the framework of the value chains of biodiversity products.
The agreement was subscribed in 2010 by Global Environmental Facility (GEF) and CAF, Development Bank of Latin America.
CAF's more recent content
![CAF Board approves Antigua and Barbuda’s membership CAF Board approves Antigua and Barbuda’s membership](/media/4669629/538a9410.jpg)
CAF Board approves Antigua and Barbuda’s membership
This incorporation is in addition to the Board’s approval in March 2024 of The Bahamas, Dominica, and Grenada. CAF is on track to become the development bank with the largest presence in the region, which will result in increased support for green and sustainable development projects.![CAF allocates USD 200 million to intervene 3,370 km of roads in Peru CAF allocates USD 200 million to intervene 3,370 km of roads in Peru](/media/4669627/538a0336.jpg)
CAF allocates USD 200 million to intervene 3,370 km of roads in Peru
This financing will support the improvement of 3,370 km of roads, promoting efficient infrastructure and logistics services in regions with export and productive potential.![CAF approves USD 500 million to expand Chile's rail network CAF approves USD 500 million to expand Chile's rail network](/media/4669630/538a0397.jpg)