IDB Invest, a member of the IDB Group, signed an alliance with the Guatemalan Exporters Association, Agexport, to provide comprehensive advisory for the structuring of investments to increase climate resilience, decarbonization and sustainability in the agribusiness sector in Guatemala.
IDB Invest will support Agexport in building its internal capacities within its financial services agency, seeking to catalyze investment initiatives for the economic recovery of the country and the priority export sectors of Guatemala. To this end, Agexport personnel will be trained in the inclusion of critical sustainability components that are required to obtain international multilateral financing. The training will include environmental, social, and cooperative governance aspects.
Additionally, a portfolio of high-impact investment projects will be identified and developed, with a focus on increasing climate resilience, sustainability in agricultural value chains, and economic development.
The export and agricultural sectors become fundamental pillars to face the new normal in the post-COVID-19 economic reactivation, where the optimization of resources, cost reductions, and risk management to compete in the market are essential.
To date, IDB Invest and Agexport have conducted several courses for Guatemalan companies, including a course for agro-export companies on Business Sustainability. This project is part of the response with which IDB Invest supports its allies, advising and promoting the transformation of economies to more sustainable models.
This article was originally published by IDB Invest.