PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601633

Primary Business Area

Manufacturing, Agribusiness & Services

Disclosure Date

May 17, 2017

Country

Ethiopia

Region

Africa

IFC Approval Date

Jul 27, 2016

Status

Completed

Estimated Total Budget

$3,200,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Jun 12, 2021

Project Estimated Start Date

Jul 1, 2016

Project Estimated End Date

Dec 31, 2018

Project Description

IFC is complementing a loan transaction to Nespresso with an Advisory Services initiative to increase farmer productivity by integrating a broad range of ecological considerations and wildlife preservation in the region of Oromia (Ethiopia). The initiative is possible due to an alliance with the BioCarbon Fund from the World Bank in which grant funds will be used to train coffee farmers with practices that will meet Nespresso's AAA Sustainable Quality program. Smallholders participating in the project will be trained with skills to better manage the coffee crop, on benefits in using shade trees, prevention of deforestation and improving the quality of coffee produced. The improved agronomic, environmental and social practices will ultimately improve livelihoods of coffee farmers and their families.

Development Results

E&S Risks / Impacts and Mitigation