Incheon and Zurich – The Green Climate Fund (GCF) has approved a USD 50 million investment in the Food Securities Fund, alongside USD 6 million in technical assistance grants. The fund’s Accountable Cocoa & Coffee Tranche (FSF ACCT) will support supply chains for cocoa, coffee and associated crops benefiting smallholder farmers in Côte d’Ivoire, Costa Rica, Dominican Republic, Ecuador, Ghana, Guatemala, Nigeria, Peru, Rwanda and Uganda.
Cocoa and coffee growing landscapes face increasing climate-related risks that threaten long-term productivity, farmer incomes, and food security, particularly as these crops are predominantly grown by smallholder farmers in regions vulnerable to climate change. FSF ACCT addresses these risks by scaling sustainability-linked working capital for businesses across these value chains, enabling them to strengthen operational resilience while contributing to improved farmer livelihoods and climate action. The fund is expected to mobilize significant additional private capital to support the transition of smallholder-dominated agricultural supply chains in emerging and developing markets.
“Building on the track record of the Food Securities Fund, GCF’s investment in the FSF Accountable Cocoa and Coffee Tranche supports private investment into climate-resilient coffee, cocoa and associated crop supply chains across Africa and Latin America, bridging public climate finance with corporate demand for deforestation-free and regenerative sourcing. This is designed to unlock private capital at scale to provide credible solutions for companies committed to delivering climate impact in their supply chains.”
Catherine Koffman, Director of the Green Climate Fund’s Department of the Africa Region
“We are delighted to welcome GCF’s catalytic investment in the Accountable Cocoa and Coffee Tranche, which builds on five years of the Food Securities Fund’s track record and reinforces the strong investment case for climate-resilient smallholder supply chains. By mobilizing private capital at scale and delivering targeted technical assistance through a value chain approach, we are committed to delivering measurable outcomes for climate mitigation, adaptation and resilience, with smallholder farmers at the heart of this approach. We look forward to expanding this proven model, welcoming new investors and corporate partners, and extend our sincere thanks to all those who have supported this journey.”
Tanja Havemann, Co-Founder and CEO of Clarmondial and Director of the Food Securities Fund
“Côte d’Ivoire is the world’s largest producer of cocoa, and an important origin of Robusta coffee. These export crops sustain millions of smallholder farming families across our country, but they are also an entry point for something broader and more transformative. Climate change is already threatening the productivity and stability of these value chains, and the farming families who depend on them are among the most exposed to its impacts. The FSF ACCT uses cocoa, coffee and associated crops as a lever to bring private sector resources directly to where they are needed most – building climate adaptation and resilience across smallholder farming systems, supporting food crop production, and opening new pathways to income diversification and improved household livelihoods. This is precisely the kind of catalytic blended finance that Côte d’Ivoire’s new National Development Plan 2026-2030 calls for: mobilising private capital to serve food security and climate resilience goals, and to improve the lives of the rural communities at the heart of our economy. We warmly welcome this investment and the Green Climate Fund’s role in making it possible and help us achieving our 33.07% reduction as indicated in the NDC3.0 objectives.”
H.E. Abou Bamba, Minister of Environment and Ecological Transition, Republic of Côte d’Ivoire
“Ecuador is a world leader in cocoa production, ranking fourth in volume and being the main exporter of “fine aroma” cocoa, benefiting more than 600,000 families. Production is concentrated in the Coastal and Amazonian regions, focusing on sustainability and deforestation-free certification. Furthermore, Ecuador is committed to mobilizing climate finance to promote more environmentally and climate-sustainable private investments. The FSF ACCT initiative contributes to strengthening coffee and cocoa producers with climate-resilient practices and low greenhouse gases emissions. This initiative is key to driving productive transformation with a climate focus, aligned with Ecuador’s National Development Plan (2025-2029), which estimates mobilizing up to $40 million annually in foreign direct investment to the country through working capital and technical assistance for sustainable and climate-resilient practices, all in coordination with the Ministry of Agriculture, Livestock and Fisheries of Ecuador. With the approval of the Board B.44, the Government of Ecuador is taking a firm step towards a green economy, connecting Ecuador to global climate finance and reaffirming its commitment to sustainable rural development. Thanks to the technical management of the Ministry of Environment and Energy, which acts as the Designated National Authority to the GCF, this public-private partnership positions the country as a key regional player in the climate-focused transformation of agriculture and production.”
Jéssica Gallegos, Undersecretary of Climate Change, Ministry of Environment and Energy of Ecuador (GCF National Designated Authority)
“Nigeria is advancing a comprehensive transformation of its agribusiness sector by revitalizing and expanding key value chains, including cocoa and coffee, through targeted investments in climate-smart agricultural practices and strengthened market integration. Leveraging public-private partnerships, supportive regulatory frameworks, and innovative financing instruments like the FSF ACCT, will help boost productivity in a climate-friendly way, optimize value chains and improve livelihoods for smallholder producers while promoting employment and economic empowerment for women and youths.”
Dr. Kingsley Uzoma, Senior Special Assistant to the President of the Federal Republic of Nigeria on Agribusiness and Productivity Enhancement
“Uganda welcomes this investment as a timely and catalytic intervention to strengthen the resilience of our smallholder farmers, particularly in climate-vulnerable value chains such as coffee and cocoa. By leveraging blended finance to crowd in private capital, this initiative not only supports climate adaptation and sustainable production, but also contributes to rural livelihoods, value addition, and inclusive economic growth. The programme is strongly aligned with Uganda’s National Climate Finance Strategy, particularly in mobilizing private sector capital and scaling innovative financing solutions for climate-resilient agriculture.”
Mugagga Denis, Head of the Climate Finance Unit and National Designated Authority (GCF NDA), Uganda
About GCF
GCF is the world’s climate fund for developing countries, mobilizing and delivering capital at scale, strengthening institutions and supporting transformative change, and bringing together our extensive partnership networks to deliver impact. GCF is mandated as the primary operating entity of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and serves the 2015 Paris Agreement. To fulfill its role in supporting global climate ambition, GCF is focused on delivering high-impact climate finance at scale, underpinned by a country-owned approach focused on system-wide change. The fund has over USD 19 billion committed across 134 developing countries through a wide range of adaptation and mitigation projects.
About Clarmondial
Clarmondial is an independent investment advisory firm focused on designing and implementing investment solutions for the sustainable management of natural resources. Through the advisory mandates and investment solutions, it generates positive environmental outcomes and support resilient livelihoods in rural and coastal communities.
About the Food Securities Fund
The Food Securities Fund is a Luxembourg-domiciled fund with quarterly liquidity, classified as an Article 9 fund under the EU Sustainable Finance Disclosure Regulation (SFDR). It started investing in March 2021.
Representatives from all 10 countries included in FSF ACCT were invited to provide quotes.
