Amazon Bioeconomy Marketplace
To contribute to improve socioeconomic conditions, fight climate change, restore ecosystems and implement sustainable development practices in the Amazon regions of Colombia and Ecuador. To that end, the activities in this TC aim to support the development of an online Amazon Bioeconomy Marketplace (ABM) to help bio-businesses in the Amazon region increase and diversify their exports and attract investment. Specifically, the TC will focus on (i) the implementation of a market analysis to identify products, producers, buyers, local business support organizations, and other key stakeholders in the ABM, understand the key challenges that Amazon bio-businesses face when looking to enter into international markets or attract investment, and identify actions that can help overcome these challenges, (ii) the verification and certification of selected bio-businesses with the objective of increasing their access to foreign markets, and (iii) the design of blended-finance and other financial mechanisms to increase access to finance for bio-economy producers in the Amazon. Subsequent work required to develop and market the ABM, onboard bio-businesses from other Amazon countries (Brazil, Peru, Suriname, Guyana), and incorporate the bio-businesses supported under this TC into the ABM, is expected be funded with resources from the Green Climate Fund, as resources have been earmarked for this specific purpose. The ABM will allow sellers to create company and product profiles, receive payments for those products, engage logistics and other service providers to be able to ship their products to buyers abroad, and track and manage their orders. It will also allow potential investors to find information about bio-businesses that are looking for investment and connect with them. The Marketplace will charge a fee on each transaction so that the revenue generated can be used to (i) continue funding activities that strengthen the skills and processes of local bio-businesses to increase access to foreign markets and investment, and (ii) further disseminate the Marketplace in the Amazon and abroad. This TC will complement two IDB-led initiatives proposed to the Green Climate Fund (GCF): Amazonia 4.0 and the Leticia Platform. The preparation of this TC was led by INT in close coordination with CSD (ACU y CCS), IDB Invest, IDB Lab.

Project Detail

Country

Regional

Project Number

RG-T4009

Approval Date

October 11, 2022

Project Status

Implementation

Project Type

Technical Cooperation

Sector

TRADE

Subsector

EXPORT AND INVESTMENT PROMOTION

Lending Instrument

-

Lending Instrument Code

-

Modality

-

Facility Type

-

Environmental and Social Impact Category (ESIC)

Category C: Likely to cause minimal or no negative environmental and associated social impacts

Total Cost

USD 1,060,000.00

Country Counterpart Financing

USD 130,000.00

Original Amount Approved

USD 930,000.00
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
ATN/NL-19573-RG Sovereign Guaranteed USD - United States Dollar France-IDB Natural Capital Lab Fund Nonreimbursable
Operation Number ATN/NL-19573-RG
  • Lending Type: Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: France-IDB Natural Capital Lab Fund
  • Financial Instrument: Nonreimbursable

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 Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-2056220512-9178
Technical Cooperation Agreement
Agreement - Amazon Bioeconomy Marketplace.pdf
Jan. 25, 2023
English
https://www.iadb.org/document.cfm?id=EZSHARE-1605333782-22
TC Document
Procurement Plan_61457.pdf
Oct. 18, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1605333782-23
TC Document
TC Document - Disclosure.pdf
Oct. 18, 2022
English
https://www.iadb.org/document.cfm?id=EZSHARE-1605333782-21
TC Document
Terms of Reference.pdf
Oct. 18, 2022
English

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