October 29, 2014

Bridging the Gap Between Coffee Farmers and Finance- ICO London Forum

The 4th Consultative Forum on Coffee Sector Finance took place on September 23rd in London, England, organized by the International Coffee Association (ICO).

Approximately 20 multilateral financial institutions, development-focused donor organizations, and 72 coffee producing and consuming countries participated in the forum. With this event, the ICO sought to deepen its role in helping coffee farmers access finance, by bringing together exporting and importing countries, lenders, and producers, and create a dynamic platform for exchange.

Participants included many FAST members and partners such as Common Fund for Commodities, the Inter-American Development Bank, the Dutch Development Bank (FMO), the German Federal Enterprise for International Cooperation (GIZ), Rabobank, Triodos, responsAbility and Shared Interest, along with other important stakeholders in the field such as the Asian Development Bank, the World Bank and the Center for the Promotion of Imports from Developing Countries (CBI), to name a few.the words of Juan Esteban Orduz, chairman of the 4th Forum, "the 4th Forum brought lenders and donors in direct contact with the representatives of coffee producers to enable dialogue around key challenges facing the industry at farm level. The objective was to discuss and implement concrete plans for poverty alleviation and wealth creation in rural communities which depend on coffee production".

Noemi Perez, FAST President and CEO participated in the forum where she was part of a panel discussion on social and sustainable funding, reflecting upon the role of governments and the private sector in collaborating with social and sustainable lenders to expand the sector, and ways for producer organizations to access the services of these lenders effectively. Noemi Perez is an advisor to the Core Group of the Consultative Forum on Coffee Sector Finance since 2012.

The next ICO forum is scheduled for March 2015, and will take the form of a workshop between ICO members, focused on coaching coffee producing countries on how to successfully submit proposals for development-focused projects.

For more information visit http://www.comunicaffe.com/global-news-ico-deepens-role-help-coffee-farm... or http://www.ico.org/forum4-e.asp