Supporting sustainable investments in the agricultural, energy and food production sector in Cuba's Central region

Sustainable agriculture
Cuba
COUNTRIES
Cuba
DATES
04/01/2019 - 03/01/2023
TOTAL BUDGET
€ 89 321 000
TOTAL LAIF CONTRIBUTION
€ 7 821 000
SECTOR
Sustainable agriculture
TYPES OF SUPPORT
Investment Grants
Technical Assistance
CITIES / PROVINCES
Camaguey region
PROJECT FICHE:
DESCRIPTION

This project aims at supporting the identification and financing of investments in agriculture, livestock breeding and agroforestry and at underpinning their implementation in order to promote sustainable practices based on agroecological principles while mainstreaming climate change mitigation and adaptation into the agriculture and livestock sectors.

Specific objectives of the project are:

a) To extend agroecological and agro-sylvo-pastoral technologies, tackle environmental and social risks and bring institutional support to the main stakeholders of the PRODEGAN project (cooperatives, agro-industries, decentralized service providers, local authorities, producers associations, research institutions) in Camagüey, the main animal production area in the country;

b) To enable the most adapted investment for a modern integrated carbonization/cogeneration plant by a private investor (5 candidates identified by Cuban authorities) as a part of an overall clean, locally produced, energy production strategy coupled with the elaboration of innovative bio-sourced by-products through the valorization of the invasive marabú tree;

c) To develop environmental and social governance and a green portfolio at BANDEC, the main financing institution in the local agricultural sector.

RESULTS
  • Access to finance (15 000 producers have access to adapted equipment and 60M euros will finance equipment with good agricultural practices).
  • New green financing products (5 products).
  • SARAS implemented.
  • Number of forestry experiments (100 ha).
  • Number of sylvo-pastoral experiments (100 ha).
  • Farming reference network.
  • Daily weight gain of feed formulation (0.5 kg/d/a and l/d/a).
  • Added value going to farmers (+ 5%).
  • Farming reference network.
  • Daily weight gain of feed formulation (0,5 kg/d/a and l/d/a).
  • Added value going to farmers (+ 5%).
LEAD FINANCING PARTNER
CO-FINANCING PARTNERS
CONTRIBUTION TO SUSTAINABLE DEVELOPMENT GOALS
CRIS REFERENCE
2018 / 399-029