International Cocoa Organization

Duration:

Seven years including a two year extension.

Location:

CAMEROON,
COTE D'IVOIRE,
NIGERIA

Nature of Project:

Marketing and Trade

Estimated total Cost:

US$ 6,509,171

Financing commited by CFC:

US$ 3,573,266

Co-financing:

US$ 1,056,195

Counterpart Financing:

US$ 1,879,710

Project Executing Agency (PEA):

United Nations Office for Project Services (UNOPS), Senegal

Project Supervisory Body:

International Cocoa Organization (ICCO)

Project Starting Date:

October 1999

Completion Date:

September 2005

Brief Description

The main activities carried out under the project were promotion of privately-run warehousing systems; development of a cocoa marketing information system (MIS); development of a quality assurance and certification system; and development of a system of commodity trade finances.

Project Objectives

The overall objective of the project was to improve the functioning of the supply chain in cocoa-producing countries engaged in the process of liberalization of their cocoa sectors, and to ensure full participation of local operators in the physical trading of cocoa, while reducing trade and price risks.

Project Resutls

The project established and improved market information systems, warehousing up-country, quality assurance and quality enhancement, and a system of structured trade financing as indispensable components of a viable, efficient and transparent cocoa trade and marketing chain.