World Bank Group Supports Large-Scale Forest Restoration in Brazil
Brazil, Nov. 10 -- The World Bank Group is supporting Brazil's efforts to restore degraded land, mobilize private capital, boost employment, and expand access to long-term financing for large-scale forest restoration through the Arc of Restoration Project, which will scale up restoration activities in the Arc of Restoration, a high-value ecological region of degraded land and active private-sector interest in restoration, along the deforestation frontier between the Amazon and the Cerrado, particularly in the Tocantins-Araguaia Basin.The US$488 million operation includes US$100 million in financing from the International Bank for Reconstruction and Development (IBRD), part of the World Bank Group, US$47 million from the Climate Investment F...
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