To support and strengthen the implementation and success of the Better Cotton Initiative (BCI), the Better Cotton Growth and Innovation Fund (Better Cotton GIF) has been incorporated. IDH is a strategic partner to the Better Cotton GIF and plays multiple roles as a strategic partner, fund manager, funder, and partner for delivering innovations within the Fund.
Based on this Terms of Reference, Better Cotton GIF aims to select a party to conduct a scoping study for the development of a local fund in Pakistan. Pakistan is the fourth largest cotton producer in the world and thus, a key strategic country for BCI. BCI has been present in Pakistan since 2009 and is now approaching a defining and important phase towards establishing Better Cotton as a sustainable mainstream commodity. As BCI is reaching critical mass and thinking about long term sustainability, BCI and the Better Cotton GIF are evaluating strategies for securing long term financial self-reliance. Such strategies would increase the institutionalization of the Better Cotton Standard System (BCSS) in Pakistan and potentially increase local funding support (complimentary to Better Cotton GIF funding).
The purpose of the scoping study is to carry out external third party research to understand the requirements and actions needed to set up such funding mechanisms: including the legal, financial and governance requirements, as well as identification of potential funding partners and fund manager.