DFC to invest $24m in Miro Forestry
The U.S. International Development Finance Corporation has committed a $24 million equity investment in Miro Forestry Developments Limited.
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The U.S. International Development Finance Corporation (DFC) has committed a $24 million equity investment in Miro Forestry Developments Limited to expand the company’s sustainable forestry and timber processing on degraded land in West Africa.
The investment for Ghana and Sierra Leone will create jobs, increase atmospheric carbon sequestration, and contribute to economic growth in both countries.
“DFC is leading on efforts to respond to the climate crisis through the financing of nature-based solutions,” DFC CEO Scott Nathan said. “Miro’s work to promote sustainable forestry on previously degraded land is helping us deliver on our climate goals while generating economic opportunity, creating jobs, and equipping communities with the tools they need for resilience.”
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