Reducing Impacts of Ranching on Biodiversity (WB-P114897)

Countries
  • Mexico
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • World Bank (WB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Closed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
Government of Mexico
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 0.20 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ WB website

Updated in EWS Nov 23, 2020

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

To implement DM2008 winning project. Project will reduce the impacts of extensive cattle grazing on ecosystems and biodiversity, improving the livelihoods of landowners through the sale of carbon captured in reforestations, development of integrated environmental services products, payments for environmental services, intensive livestock management and practical dissemination for replication. By the end of year 2, 73 landowners implementing reforestation plans will receive US $196,200 for the sale of 21,800 tons of sequestered carbon. 85 landowners of 13,800 hectares will receive US $393,673 in payments for environmental services. Five pilot ranching operations will increase their incomes by an estimated 1,000%. The landowners of 15,200 ha of forests will eventually sell integrated environmental services.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

The investment type was not available at the time of the snapshot.


Contact Information
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ACCESS TO INFORMATION

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ACCOUNTABILITY MECHANISM OF THE WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. Information on how to file a complaint and a complaint request form are available at: https://www.inspectionpanel.org/how-to-file-complaint

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