The International Finance Corporation (IFC), a member of the World Bank Group, announced an investment of $50 million to aid BTG Pactual Timberland Investment Group’s (TIG) reforestation strategy in Latin America.
The announcement was made at a signing ceremony in São Paulo attended by key figures including Alfonso García Mora, IFC’s Vice President for Europe, Latin America and the Caribbean, and Roberto Sallouti, CEO of BTG Pactual.
The TIG’s reforestation strategy focuses on the restoration and planting of deforested and degraded lands across selected regions in Latin America, including the critically biodiverse Cerrado biome in Brazil. This strategy aims to achieve multiple objectives: enhancing commercial viability, fostering biodiversity, supporting climate mitigation through carbon sequestration, and generating economic opportunities in rural areas.