Against a backdrop of stark global food security challenges and untapped agricultural potential, the UN Food and Agriculture Organization (FAO) has brought together a diverse coalition of cross-sector stakeholders for a two-day high-level regional dialogue focused on reimagining agrifood system financing across Latin America and the Caribbean (LAC). Held on 18 and 19 August, the summit gathered 70 participants spanning government bodies, regional integration blocs, international aid agencies, multilateral development banks, private financial institutions, private sector operators and family farming advocacy groups to craft a actionable roadmap shifting from incremental financial inclusion to large-scale, high-impact investment in rural LAC territories.
LAC occupies an outsize strategic role in global food production, but the region simultaneously contends with overlapping systemic challenges: high vulnerability to climate shocks, widespread food insecurity, and chronic gaps in accessible financing for small-scale producers. Current levels of investment in the region’s agrifood systems remain woefully insufficient and fragmented, mismatched to the scale of both the challenges the sector faces and the untapped opportunities it holds.
Speaking at the summit, Rene Orellana Halkyer, FAO Assistant Director-General and Regional Representative for LAC, framed the urgency and stakes of the gathering. “Latin America and the Caribbean is a global agrifood powerhouse, but 32 million people still suffer from hunger, and nearly 70% of food producers face insurmountable barriers to accessing formal finance,” he noted. “We have an opportunity and a shared responsibility: to transform the region’s agrifood potential into concrete investments that strengthen food security, climate resilience, and rural development opportunities.”
Chilean Minister of Agriculture Jaime Campos Quiroga, who spoke at the event’s closing ceremony, emphasized the need for context-specific financing solutions. “In our view, financial solutions must take into account different scales of production, the particular characteristics of the territories, and the special conditions that farmers face every day,” he said.
Over the course of the dialogue, participants aligned on five core priorities to scale up sustainable agrifood financing across the region. First, delegates called for moving beyond siloed, isolated projects to build integrated territorial investment portfolios that combine production infrastructure, value chain development, digital connectivity, technical support, market access, data-driven planning and customized financial instruments tailored to each region’s unique needs.
Second, the meeting underscored the critical need to invest in human and institutional capacity within rural communities, through expanded financial literacy programming, targeted technical assistance, business management training, and support for collective producer organizations. Third, participants prioritized building interconnected collaborative ecosystems that bring together public sector bodies, development banks, private financial institutions, producer cooperatives, private businesses, impact investors, academic institutions, international aid agencies and local territorial organizations to align efforts and avoid duplication.
Fourth, delegates agreed that climate action must be placed at the center of all investment decision-making, requiring the translation of national environmental commitments into bankable investment portfolios that incentivize sustainable production practices, ecosystem restoration, climate-resilient infrastructure investment, improved water governance, and expanded access to index-based agricultural insurance for small-scale producers.
Finally, participants unified around the principle that small and medium-sized family farmers, their representative organizations, and marginalized rural communities must be centered in all future agrifood investment agendas. To deliver on this goal, delegates proposed developing needs-tailored financial solutions embedded in inclusive territorial financial ecosystems that combine accessible financing, on-the-ground technical assistance, market information, risk management tools, improved market access, and cross-stakeholder partnerships.
During the summit, FAO outlined its ongoing role supporting LAC countries to create enabling conditions that connect territorial needs and opportunities to financing, technical knowledge, innovative practices, and long-term investment. Orellana Halkyer highlighted that FAO currently manages over $1 billion in programming across more than 400 active projects in 33 LAC countries, giving the organization unique on-the-ground presence that allows it to bridge local producer needs, national public policy frameworks, technical expertise, data, and cross-sector partnerships with financial institutions and development partners.
The regional dialogue counted participation from senior government authorities across the region, including Chilean Agriculture Minister Jaime Campos Quiroga, Brazilian Secretary of Family Farming and Agroecology Vanderley Ziger, Guatemalan Undersecretary of Investment for Development Enrique Estuardo Maldonado, and Costa Rican Administrative Vice Minister of Agriculture and Livestock Julián Arias. Public and development financial institution representatives included delegations from Paraguay’s Agricultural Credit Agency, Brazil’s Bank of the Northeast, Bolivia’s Productive Development Bank, the Central American Bank for Economic Integration (CABEI), and the Development Bank of Latin America and the Caribbean (CAF).
Private sector financial institutions, impact investors and financial inclusion organizations were also represented, with participants from Cresol, Fundación PROFIN, Aliados de Impacto, BBVA, and Vox Capital. International bodies and regional integration mechanisms in attendance included the Amazon Cooperation Treaty Organization (ACTO), the Caribbean Community (Caricom), the World Bank, the MERCOSUR Specialised Meeting on Family Farming (REAF/MERCOSUR), and the UN System Resident Coordinator’s Office.
The two-day dialogue marks a key milestone in a longer-term regional conversation focused on building resilient local financial ecosystems capable of supporting the diverse needs of LAC producers, producer organizations, cooperatives and agrifood enterprises, while turning untapped productive opportunities into viable, sustainable and inclusive investments. Participants closed the summit by reaffirming the shared need to advance a new generation of agrifood investments that balance productivity gains, inclusive growth, climate resilience and equitable territorial development, while strengthening public-private collaboration to expand financing opportunities for underserved rural communities across the region.