IFC Invests In Chilean Forestry Fund

The International Finance Corporation (IFC), the private-sector arm of the World Bank, has committed $6.5 million to the Fondo de Inversión Forestal Lignum, a $39.4 million Chilean private equity forestry fund, recently launched to enable small and medium landowners to maximize the value of their landholdings. The Lignum Fund and the proposed forest-backed securitization are innovative financial instruments that offer an alternative capital market funding source for the forestry sector.