The Reforestation Fund

active

 The proposed IFC investment involves an equity investment of up to US$53 million in The Reforestation Strategy (the “Strategy”), which will be managed by BTG Timberland Investment Group (“TIG”). This investment will allow IFC to get equity exposure to all the assets of the Strategy and would support the acquisition of land, the establishment of FSC-certified commercial tree farms, and restoration efforts to preserve and enhance biodiversity, primarily in Brazil, Chile and Uruguay (the “Project”). The financing is expected to enable the protection and restoration of 135,000 hectares of natural forest, the planting of 200 million trees on 135,000 hectares of degraded land, and the generation of more than 36 million forest carbon offsets over 15 years. The Strategy targets raising up to US$1 billion in equity.