April 30, 2019
The agreement was signed by the directors of a joint mission from the US Government (USAID) Mr. Lawrence Rubey, Althelia Funds Latam Director Mr. Juan Carlos Gonzalez-Aybar and Aider NGO founder Mr. Jaime Nalvarte. The aim is to encourage certified forest management and promote the development of 7 native communities in the Peruvian Amazon. The project will conserve 110,00 hectares of their forests, help preserve their cultural heritage, and mitigate global warming by preventing 4 million tons of CO2 equivalent from being released into the atmosphere. The co-financing structure triggers an initial investment of at least USD3.5 million from Althelia Funds’ investors, USD3.5 million from the U.S Government for a 5-year period, and it's only the beginning!