• Africa
  • East Asia and Pacific
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Financial Institutions
  • European Investment Bank (EIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Mirova, United Nations Convention to Combat Desertification
The holder of the loan, grant, or other investment.
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 70.69 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported EUR 60 million
Converted using 2017-10-22 exchange rate.
Project Cost (USD)
$ 353.44 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported EUR 300 million
Converted using 2017-10-22 exchange rate.
Primary Source

Original disclosure @ EIB website

Updated in EWS Oct 22, 2017

Disclosed by Bank Nov 10, 2016

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Project Description
According to EIB website, cornerstone investment in a fund targeting sustainable land use projects, promoted by the Global Mechanism of the United Nations Convention to Combat Desertification (UNCCD). The fund aims to provide long-term financing in sustainable land use projects worldwide (especially ACP, Asia and Latin America) using mainly combinations of project finance and structured commodity finance techniques. The fund will invest in sustainable land use projects, focusing in particular on sustainable agriculture and forestry, land reclamation and sustainable energy. It is mission-driven to deliver a strong contribution to the achievement of land degradation neutrality within the terms of the UN Convention to Combat Desertification. The fund's environmental and social strategy will be evaluated during appraisal, and projects will be required to meet international best practice standards, including third-party verified certification as appropriate.
Investment Description

Contact Information
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