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- Agriculture, pêche, sylviculture - Agriculture, sylviculture et pêche
Cornerstone investment in a fund targeting sustainable land use projects, promoted by the Global Mechanism of the United Nations Convention to Combat Desertification (UNCCD)
The fund aims to provide long-term financing in sustainable land use projects worldwide (especially ACP, Asia and Latin America) using mainly combinations of project finance and structured commodity finance techniques.
The fund will invest in sustainable land use projects, focusing in particular on sustainable agriculture and forestry, land reclamation and sustainable energy. It is mission-driven to deliver a strong contribution to the achievement of land degradation neutrality within the terms of the UN Convention to Combat Desertification. The fund's environmental and social strategy will be evaluated during appraisal, and projects will be required to meet international best practice standards, including third-party verified certification as appropriate.
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.