The Multilateral Investment Fund (MIF), a member of the Inter-American Development Bank (IDB) Group, is funded by 39 donors and supports private sector-led development benefitting low-income populations and the poor - their businesses, their farms, and their households.
The aim is to give them the tools to boost their incomes: access to markets and the skills to compete in those markets, access to finance, and access to basic services, including green technology. A core MIF mission is to act as a development laboratory - experimenting, pioneering, and taking risks in order to build and support successful micro and SME business models. More information at www.fomin.org.
ICCO and the MIF have had multiple collaborations in Latin America. Both organizations have been co-investing in agri projects together with private sector partners. Its current collaboration is focused on a project that is implemented in Bolivia:
Project: promoting inclusion of smallholders in the amaranth value chain (2014 – 2017)
The recent explosion of quinoa on the international market, shows that the grain from the Andes provides a valuable opportunity for economic development in a region.
The grain amaranth has the same potential. That’s why ICCO has recently launched a program in Chuquisaca, Bolivia, that focuses on enhancing the value of amaranth and entering national and international markets for local producers.
ICCO and Multilateral Investment Fund (MIF, which is a member of the Inter-American Development Bank Group) will work together on an inclusive and sustainable value chain, in which synergy is sought between local producers and national and international companies. The program will also focus on the development of production and research.
The program, with a total investment of 1.24 million dollars, will improve the lives of 1,100 amaranth producers. They will increase production from 3,000 to 7,000 quintals per year.
See more on this project on the website of the IADB.