A significant development took place at the G7 Development Ministers’ Meeting in Pescara, Italy, where the International Coffee Organization (ICO) made its debut. This meeting focused on coffee as a key value chain, following earlier recognition by the G7. The ICO celebrated the launch of a new funding initiative aimed at promoting sustainable growth in the coffee sector. The Global Coffee Sustainability and Resilience Fund will target vulnerable communities, particularly in Africa, and support smallholder farmers, women, and youth.
Key points include:
• The fund seeks to attract private investments to enhance the coffee value chain.
• It will create tailored solutions based on the unique needs of each coffee-producing country.
• Dr. Vanúsia Nogueira emphasized the need for better coordination and scaling of best practices.
• The initiative aims to improve productivity, quality, and sustainability in coffee production.
This initiative is crucial as it highlights the importance of coffee in global economic and social development. By fostering collaboration between governments and the private sector, it aims to secure a more resilient future for the coffee industry and its stakeholders.
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