Owned by 186 member countries and consistently rated AAA/Aaa. IFC aims to achieve our mission of promoting development by providing debt and equity to the private sector, through a range of benchmark and bespoke products.
$3,130,919.00 (Project budget includes all project-funded activities)
Last Updated Date
Oct 7, 2021
Project Estimated Start Date
Oct 19, 2020
Project Estimated End Date
Apr 30, 2026
Project Description
The objective of this project is to promote a sustainable cocoa supply chain. The focus will be in the Orinoquia region of Colombia and implemented by working closely but separately with two IFC advisory clients. The project will focus on two specific topics: i) Sustainable livelihoods for farmers and their families; and ii) Areas of Sustainably Managed Land.
Development Results
The objective of this project is to develop sustainable cocoa supply chains. The focus will be in the Orinoquia region of Colombia and implemented by working closely with IFC advisory clients.
The project will reach two Advisory Clients as well as their third-party suppliers and support sustainable land management with activities centered on: i) Strengthening the capacity of producer associations and farmers; and ii) Promoting good agricultural and social practices for cocoa growth.
Indicator
Calendar Year 2020 Results
Cumulative Results as of 2020
Number of entities receiving advisory services
Not Available
Not Available
Number of workshops, training events, seminars, conferences, etc.
Not Available
Not Available
Number of women participants in workshops, training events, seminars, conferences, etc.
Not Available
Not Available
Number of participants in workshops, training events, seminars, conferences, etc.
Not Available
Not Available
Number of procedures/firm-level policies/practices/standards recommended for improvement or elimination
Not Available
Not Available
Number of recommended procedures/firm-level policies/practices/standards that were improved or eliminated
Not Available
Not Available
Number of entities that implemented recommended changes
Not Available
Not Available
Number of farmers reached (direct and indirect)
Not Available
Not Available
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
PS 1. Assessment and Management of Environmental and Social Risks and Impacts
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 2. Labor and Working Conditions
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 3. Resource Efficiency and Pollution PreventionFRgf
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
PS 6. Biodiversity Conservation and Sustainable Management of Living Natural Resources
As part of its Due Diligence, and as mandated by IFC's Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance Standards.
IFC's advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as the final decision maker, in gaining a good understanding of IFC's Performance Standards.
Press-Release
Additional Documents
Similar Projects
This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
The map is for illustrative purposes and does not imply the expression of any opinion on the part of the World Bank, concerning the legal status of any country or territory or concerning the delimitation of frontiers or boundaries. Country borders or names do not necessarily reflect the World Bank Group's official position. In some cases, available project location information is limited to the country of the project's activities. Locations are approximate.