U.S. eases risks for $134 mln forest protection fund

28 May 2014

COLOGNE, Germany (Reuters) - The United States government has agreed to cover half of any future losses from a forest protection fund in a landmark deal it says will benefit poor communities.

The U.S. Agency for International Development (USAID) is giving a risk-sharing loan guarantee to Althelia Carbon Fund, which aims to lend up to $134 million to sustainable forest-based businesses in developing countries in Latin America, Africa and Asia.

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