Signature(s)
Summary sheet
- Agriculture, fisheries, forestry - Agriculture, forestry and fishing
A fund contributing to rural development and combating climate change by investing in sustainable forestry.
The Fund will invest in sustainable forestry projects, combating the impact of climate change by protecting soils and sequestering carbon on the one hand, and supporting the socio-economic development in rural areas on the other. Specifically, it will invest in timber production and development of local forestry enterprises across four regional clusters, i.e. Africa, Latin America, Europe and China. More specifically, it will invest in timber production and development of local forestry enterprises.
The Fund is planned in strict compliance with stringent ecological and social standards including Forest Stewardship Council (FSC) certification. 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 socio-economic, environmental and climate action benefits, including improved greenhouse gas sequestration, soil protection and strengthening of supply of a range of raw materials. It is estimated that full implementation of the Fund will lead to the sequestration of over 25m tCO2 and the creation of more than 15 000 jobs throughout the supply chain.
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.
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Documents
General enquiries and comments
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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
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Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero tolerance against fraud and corruption
The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
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