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UK to fund IDB Programme to help farmers in Brazil adopt Sustainable methods

PROGRAMME / PROJECT NEWS 

Programme will finance sustainable farming projects in seven states 

5 April 2013 – The Inter-American Development Bank (IDB) has announced a programme that will result in grants to farmers in Brazil to encourage the adoption of sustainable farming methods in states critical to Brazil’s biomass—three in the Amazon region (Mato Grosso, Pará and Rondônia) plus four in the Atlantic Forest region (Bahia, Minas Gerais, Paraná and Rio Grande do Sul).  The four-year programme will be supported by a £24.9 million ($39.2 million) grant from the United Kingdom’s Department for Environment, Food and Rural Affairs through the UK’s International Climate Fund to invest in low carbon agriculture and forest conservation. The Inter-American Development Bank (IDB) will administer the grant and the project.

brazil-forestThe grants will increase existing funding sources designed to encourage small and medium-sized farmers to undertake projects that result in low carbon emissions and forest restoration. The project’s beneficiary will be Brazil’s Agriculture, Livestock and Food Supply Ministry.

Brazil, home to much of the world’s primary forests, a fifth of its freshwater and approximately 20 percent of its biodiversity, is a leader in international efforts to stabilize the climate and reduce by half the deforestation of developing countries by 2025.

“This project is a pilot to the strategic development on the Brazilian agriculture. This investment on deforestation combat through the sustainable agriculture is a cooperation between Brazil and the United Kingdom” said Renato Brito, Coordinator for Environmental Sustainability from Agriculture Ministry.

“This is a flagship project for the Inter-American Development Bank (IDB) because of the size of the grant and because it covers strategic areas for climate change,” according to IDB Team Leader Simone Bauch.

Besides financing farmers, the project will invest in training, capacity building and knowledge transfer to improve producers’ ability to adopt measures targeting sustainable land use with low carbon emissions, forest management and environmental protection. It also aims to reduce the poverty and vulnerability of rural populations.

Established in 1959, the Inter-American Development Bank (IDB) is a source of multilateral financing for sustainable economic, social and institutional development programs and projects throughout Latin America and the Caribbean.  More information about the IDB is at www.iadb.org.  For more about IDB projects, visit http://www.iadb.org/en/projects/projects,1229.html.

Source: Inter-American Development Bank