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At the opening of the event “Prosperity for Coffee Producers,” Ali Montalvo, CAF‘s Climate Action and Positive Biodiversity Manager, highlighted the economic and social importance of coffee cultivation for Latin America and the Caribbean. She noted that behind every cup of coffee lies a story of work, tradition, and resilience that impacts more than 12.5 million families in 60 countries, of which 5 million in the region still represent the weakest link in the value chain.
Latin America and the Caribbean generate 70% of global Arabica coffee production, making this sector one of the key economic pillars, especially in rural areas where agriculture represents up to 20% of GDP and coffee is one of the main sources of foreign currency and employment.
During his speech, Montalvo presented the “Guide to Coffee Prosperity” a proposal that promotes public-private partnerships and a territorial approach to building more inclusive and sustainable coffee economies. The initiative is aligned with the Sustainable Development Goals (SDGs) and represents a call to action for governments, businesses, academia, and producers to transform the economic and social conditions of those who make their living from coffee, diversify income, and strengthen resilience to climate change.
CAF reaffirmed its commitment by announcing an investment of USD $8.5 billion by 2030 to support regional agricultural transformation and close productivity, quality, and income gaps. This amount will be allocated to projects that include technological innovation, access to financing, infrastructure development, and sustainable value chains that will allow the region to consolidate its leadership in the global coffee market and ensure the prosperity of millions of rural families.
Montalvo concluded by reiterating the invitation to join forces and coordinate national plans to ensure a competitive and prosperous future for the entire coffee chain in Latin America.
