VENEZUELA - The Development Bank of Latin America and the Caribbean (CAF) has approved a USD 25 million investment in BTG Pactual Timberland Investment Group's (TIG) Latin American reforestation strategy.

TIG, a major timberland investment manager with USD 6.2 billion in assets, plans to protect and restore 150,000 hectares of natural forests in Brazil, Uruguay, and Chile, while also planting millions of trees in certified commercial forests to enhance biodiversity and support community development.

Conservation International serves as the Impact Advisor for the strategy. This investment aligns with CAF's commitment to becoming the region's leading green bank, aiming to allocate USD 25 billion to green financing by 2026, an increase from 24% to 40% of total approvals.

CAF will also invest USD 15 billion by 2030 in enhancing disaster risk management and allocate USD 1.25 billion in the next five years for projects preserving marine and coastal ecosystems in Latin America and the Caribbean.