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Funded by the Global Environment Facility and led by the United Nations Development Programme (UNDP), FARM+ is the second phase of the Financing Agrochemical Reduction and Management (FARM) program and will be implemented by the African Development Bank Group, the UN Food and Agriculture Organization, UNDP, UN Environment Programme, and the UN Industrial Development Organization in very close coordination with FARM, which is led by UNEP and the Global Green Knowledge Platform (GGKP). 

Today, at the UN Climate COP29, the Government of Benin together with International Financial Institutions and development partners, including the Global Environment Facility and the International Monetary Fund, unveiled an ambitious vision for climate action. This new suite of initiatives that include carbon monetization mechanism, enhanced credit instruments, common policy matrix, and innovative financing signals Benin’s commitment to unlocking climate finance and catalyzing meaningful change.

Clément Chenost is Co-founder and Managing Director of the Moringa Fund, a private equity investment vehicle supporting sustainable agroforestry in Latin America and Africa. The Global Environment Facility became an equity partner in Moringa in 2015, as part of the GEF’s blended finance portfolio. In an interview, Chenost shared his motivation to launch the Fund, the power of organic certification, and what cashew nuts have taught him about farm-to-fork value chains.

The West African Coastal Areas (WACA) Resilience Investment Project, funded in part by the Global Environment Facility (GEF), was approved this week by the World Bank Group Board.

A new partnership between the GEF-backed Moringa Investment Fund with a cashew processing company in Benin will benefit thousands of farmers.

Results of the cooperation between Benin and the GEF The Global Environment Facility (GEF) has made significant contributions to Benin’s development since 1992, particularly through the promotion of a sound and sustainable environment, improvement of the quality of life of the population, strengthening of resilience to climate change and of productive capacities in the agriculture, energy, and water sectors, slowing of the loss of biological diversity, protection of natural and forest resources, and the fight against land degradation and coastal erosion.