PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

502221

Primary Business Area

Other

Disclosure Date

May 25, 2009

Country

Latin America and the Caribbean Region

Region

Latin America and the Caribbean

IFC Approval Date

Jun 13, 2007

Status

Completed

Estimated Total Budget

$2,100,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Nov 30, 2016

Project Estimated Start Date

Aug 5, 1997

Project Description

The project provides funding to attract commercial capital into enterprises in Latin America that benefit biodiversity, and it creates a pilot for the development of an investment subsector for such businesses. The objectives are 1) to incentivize users and owners of biodiversity to protect these assets in the long run, and 2) to realize long-term capital appreciation through equity or quasi-equity investments in enterprises in Latin America that sustainably use and conserve biodiversity.