Original disclosure @ MIGA website
Updated in EWS Feb 14, 2023
Disclosed by Bank May 20, 2022
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According to the Bank’s website, Burapha Agro-Forestry Co., Ltd, is an agroforestry and wood processing company operating in the greater Vientiane area in Laos. Burapha has developed forest landscape restoration activities on an area of approximately 6,000 hectares (ha) of private land under various land lease agreements with farmers and village cooperation. It also has operated a sawmill and a furniture factory to process sawn wood products and furniture for the export and Laos domestic market by sourcing wood from its plantations.
Burapha has developed an inclusive agroforestry model, including local communities in its activities in the creation and maintenance of plantations, and is committed to respecting very high responsible and sustainable forestry standards (FSC certified). This innovative model contributes to creating jobs, improving incomes for local communities, fighting against climate change and land degradation, and developing a replicable and sustainable forestry model. Villagers can also intercrop annual crops, improving food security and resilience.
Burapha's current plan is to scale up its business through (i) the new Production Forestry Area (PFA) concession on a total area of 60,000 ha of the land of the Government of Laos and (ii) the operation of a new plywood mill with a 50,000 m3 annual capacity. To support Burapha's business expansion plan Burapha sought the financing of US$9.0 million from Land Degradation Neutrality Fund (LDN Fund).
LDN Fundhas applied for MIGA's guarantee to cover its equity investment into Burapha against the risk of Expropriation for up to 15 years.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
|-||-||-||-||Burapha Agro-Forestry Co., Ltd||Undisclosed||-|
Burapha Agroforestry Co. Ltd.
P.O. Box 118 34
Kaysone Phomvihane Rd 46
Vientiane, Lao PDR.
Tel: +856 21 451 841
Fax: +856 21 451 844
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