The Inter-American Development Bank (IDB) and the Spanish Trust Fund announced that institutions in Mexico, Chile, Colombia and Bolivia were the winners of the third call for proposals of the Better Conditions for Productivity (MAP) on the topic of new financial instruments for the agricultural sector in Latin America and the Caribbean.
The four winning projects will improve risk management in the agricultural sector, help develop new financial instruments to mitigate food security risks, improve income stability, and promote productive investments.
This MAP initiative is intended to finance projects and research studies to improve financial and private sector development policies in the region.
The winners will be presented formally on Monday, September 24 during an IDB conference Risk Management in Agricultural Finance: Building more inclusive and secure markets, which will examine new approaches for managing agricultural risks. Interested in attending the conference can register or participate in live coverage.
Winners will receive prizes ranging from 20,000 to 100,000 euros.