November 20, 2017

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IFC to Launch Initiative to Protect Biodiversity in Agricultural Commodities Production

Submitted by: International Finance Corporation

Categories: Environment

Posted: Jul 17, 2007 – 03:18 PM EST

 

Media Advisory

WASHINGTON, D.C.- July 17, 2007 – The expansion of agriculture is the leading cause of habitat loss around the world and one of the greatest threats to global biodiversity. IFC and the Global Environment Facility, with other donors and partners, will launch an initiative in the third quarter of 2007 to promote best environmental and social practices in the production and overall supply chain of four commodities: palm oil, cocoa, soybeans, and sugarcane.

The initiative, the Biodiversity and Agricultural Commodities Program, recently obtained final approvals from IFC and the Global Environment Facility.

The program will offer advisory services for projects involving the private sector that support adoption of better management practices at the production level, increase the demand for biodiversity-friendly products, and improve financial institutions' ability to support adoption of biodiversity-friendly practices. The program will also support multistakeholder initiatives that create sustainable markets for agricultural commodities.

The program management unit will send out requests for project proposals in September/October 2007.

Visit the Web site at:
http://www.ifc.org/ifcext/enviro.nsf/Content/Biodiversity_BACP

For more information, please contact:

Lucie Giraud International Finance Corporation
Phone: 12022940504
Phone 2: 12024584662
Website: www.ifc.org

For more from this organization:

International Finance Corporation

 

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