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Notas Boletín SIUN

“Funding Innovation – Making a Difference” 13th Call for Proposals (Common Fund for Commodities)

Deadline: 31 October 2018.

CFC

The CFC is an intergovernmental institution which provides financing to organisations and enterprises engaged in commodity value chains in its member countries. Through a range of financial instruments, the CFC seeks to support business activities in the field of commodity development, including agriculture, minerals and metals in Developing Countries. The intervention should, besides giving a sound financial return, also provide for a measurable social and environmental return

CFC supports activities which promote the contribution of the commodity sector to achieving the Social Development Goals
 (i)
Social: Create  employment  (particularly  for  youth  and  women),  provide  sustained  increase in household incomes, reduce poverty, and enhance food security.
 (ii)
Economic: Enhance  production  and  productivity,  achieve  higher  local  value  addition;  improve  competitiveness  of  producers,  producer  organisations  and  small  and  medium  sized industries, support the financial sector development.
(iii)
Environmental:  Enhance  production  taking  into  account  the  environment  and  its  long term   possibilities   for   the   same,   or   increased   use   of   productive   resources   while maintaining or reducing the impact on the environment.

Funding: between USD 300,000 and USD 1,500,000, The amount of finance requested from CFC should not exceed 50% of the total amount required to  execute the project. The balancing amount of co-financing is to be provided by the applicant and/or  by other co-financiers. Such co-financing should be relative to the new funding requirement for the  (investment) project. Sunk cost are not eligible to be considered as a financial contribution. A  thorough  assessment  of  the  co-financing  available  will  form  part  of  CFC’s  final  due  diligence verification.

Deadline: 31 October 2018

(AAT)

[Boletín SIUN 406, 6 de septiembre de 2018]

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