FONPLATA contributes to the development of family economy in Argentina
The Development Bank will fund the program “Promotion of Resilient and Sustainable Agri-Food Systems for Family Farming (PROSAF)”, which aims at increasing the resilience of family, peasant, and indigenous farmers by promoting and supporting sustainable and inclusive production and marketing systems.
The investment on the program is of USD 33.1 million, to be co-financed by FONPLATA, with USD 13.3 million, the International Fund for Agricultural Development (IFAD), an UN Agency, with USD 13.1 million, and local contribution of USD 6.7 million.
The program will have nationwide coverage and the areas with the highest concentration of poverty and food insecurity are first priorities. FONPLATA's funding will be aimed at supporting small-scale producers in the transition from their current production systems to agroecological systems. Thus, the capacities of small-scale producers' organizations and networks will be strengthened through direct investment in the development of their production and marketing activities, as well as in technical assistance, equipment, inputs, and minor infrastructure, among others.
The National Ministry of Agriculture, Livestock and Fisheries (MAGyP) will be responsible for the project, which will be implemented through the General Directorate of Sectoral and Special Programs and Projects (DIPROSE). It will contribute to reach six of the 2030 Sustainable Development Goals: “No Poverty” (SDG-1), “Zero Hunger” (SDG-2), “Gender Equality” (SDG-5), “Decent Work and Economic Growth” (SDG-8), “Reduced Inequalities” (SDG-10), and “Climate Action” (SDG-13).