The International Finance Corporation, the private sector arm of the World Bank Group, said Monday that it committed $50 million to help mobilize $1 billion for the BTG Pactual Timberland Investment Group’s Latin American reforestation strategy.
IFC said the 12-year loan is its first engagement with an institutional timberland investment manager.
The pricing details were not revealed, but IFC said the loan “triggers a better financial outcome for BTG Pactual TIG if the strategy meets specific targets designed to enhance biodiversity and watershed health through connectivity corridors for plants and animals and buffers along streams and rivers that can help provide ecosystem services for natural water infrastructure.”
 In June, the US Development Finance Corporation also committed $50 million to TIG’s strategy, which targets deforested and degraded land.
“To date, TIG has invested in 37,000 hectares, and has already planted more than 7 million seedlings and initiated restoration of approximately 2,600 hectares of natural forest,” said M. Sanjayan, CEO of US-based Conservation International, which has been acting as impact adviser for the strategy.