Cocoa and coffee: Green Climate Fund approves its first direct sovereign loan, worth CFAF 51.4 billion, for Cameroon

On October 27, 2026, the Green Climate Fund approved a direct sovereign loan of $87.68 million, or about CFAF 51.4 billion, for Cameroon’s cocoa and coffee sectors. Approved at the Fund’s 46th board meeting in Songdo, South Korea, the loan forms part of the $241.52 million RACINE programme. Cameroon’s Ministry of the Economy, Planning and Regional Development will submit the programme directly to the Fund, with FODECC serving as the implementing entity. The Fund describes RACINE as its first direct-access national investment in Central Africa; its contribution also includes a $9.74 million grant.