AFRICA SUSTAINABLE FORESTRY FUND II

Promoteur – Intermédiaire Financier

SPECIAL PURPOSE ENTITY(IES)/FUND

Lieu

• Régional - Afrique de l'Est
• Régional - Afrique centrale
• Afrique australe

Description

A fund contributing to rural development and combating climate change by investing in sustainable forestry.

Objectifs

The fund will invest in sustainable forestry projects, supporting socioeconomic development in rural areas on the one hand, and combating the impact of climate change by protecting soils and sequestering carbon on the other. Specifically, it will invest in timber production and development of local forestry enterprises.

Secteur(s)

• Agriculture, pêche, sylviculture - Agriculture, sylviculture et pêche

Montant BEI envisagé (montant approximatif)

USD 30 million (EUR 27 million)

Coût total (montant approximatif)

USD 200 million (EUR 179 million)

Aspects environnementaux

International best practice is expected to be followed by the projects supported by the fund, and it is expected that certification will play an important role in ensuring their environmental and social sustainability. Concessions over high-conservation-value natural forests in tropical areas are excluded from the scope of the fund. The fund will support sustainable forestry in several countries where levels of deforestation and forest degradation remain high, and it offers important socioeconomic, environmental and climate action benefits, including improved greenhouse gas sequestration, soil protection and strengthening of supply of a range of raw materials.

Passation des marchés

The Bank will require the promoter to ensure that implementation of the project will be done in accordance with the Bank’s Guide to Procurement.

Statut

Signé - 26/04/2018