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The Fonds Interprofessionnel pour la Recherche et le Conseil Agricoles (Interprofessional Fund for Agricultural Research and Advisory Services), represented by Executive Director Atsin Yao Léon, and Clarmondial AG, represented by West Africa Lead Soumaila Diakite, signed a Memorandum of Understanding (MoU) on Wednesday, 30 September 2020.
The two institutions are intent on collaborating to improve the funding level to Côte d’Ivoire’s agribusiness sector, particularly for climate smart agriculture, facilitate the design and implementation of innovative financing mechanisms and partnerships that can create measurable environmental and social impacts that benefit rural communities, notably smallholder farmers, women and youth.
Mister Atsin Yao Léon, Executive Director of FIRCA, said: “We are delighted to start this collaboration with Clarmondial, including exploring how their expertise in innovative blended finance and climate smart agriculture investments can support our strategy on food security, livelihood diversification and meaningful economic growth for agricultural value chains.”
Soumaila Diakite, the West Africa Lead for Clarmondial, added: “Clarmondial is keen to work with FIRCA given their mandate to support sustainable agriculture in Côte d’Ivoire. This builds on our intent to support local leadership on critical issues, and to align our efforts with national strategies, including climate and agriculture investment strategies.”
FIRCA is an institution established on 28 October 2003 by the State of Côte d’Ivoire and the Professionals of Agricultural Sector. FIRCA’s essential missions are the mobilization of financial resources and the financing of agricultural service delivery programs in all areas of crop, livestock, and forestry production. The relevant agricultural services referred to include: Applied research, Extension services (i.e. information, animation, technical and management advisory services for the agricultural value chains and farms), and building the capacity of producers and their related professional agricultural organizations.
Established in 2010 in Switzerland, Clarmondial is an independent advisory firm that focuses on sustainable investments, mainly in the agricultural sector in emerging markets. Its team combines finance and environmental science backgrounds to deliver actionable, profitable and creative solutions for social and environmental businesses and their funders. Clarmondial helps leading companies, governments, NGOs, donors and investors, by designing and implementing funding structures that enable ESG impact at attractive risk-adjusted returns. Clarmondial has a strong interest to explore opportunities in the agriculture sector in Côte d’Ivoire.