Combating climate change in agriculture (FIRA Program)

Sustainable agriculture
COUNTRIES
Mexico
DATES
Jun/2014 - Apr/2024 ONGOING
PROJECTED TOTAL INVESTMENT SIZE
€ 100 000 000
EU CONTRIBUTION
€ 5 200 000
SECTOR
Sustainable agriculture
TYPES OF SUPPORT
Investment Grants
Technical Assistance
DESCRIPTION

The program sought sustainable investments and practices in agriculture, fisheries and forestry sectors, which helped improve the quality of life of rural populations, especially in low-income regions, and optimize the use of natural resources while mainstreaming climate change mitigation and adaptation in the sector. LACIF, AFD and IDB supported a Mexican public agriculture development bank, FIRA, with financing, investment grants and technical assistance to provide concessional loans for pilot green rural investments as well as long-term financing in the field of mitigation and adaptation of climate change in rural activities.

RESULTS
  • FIRA funded 10 innovative projects with the potential of replication and dissemination.
  • FIRA is develops action plans to implement a sustainable strategy.
  • Farmers and their organizations use innovative financing for sustainable projects reducing the impact on climate change.
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS