WASHINGTON, October 5, 2018 - The World Bank’s Board of Executive Directors today approved financing for the following project:
Sustainable Forests & Livelihoods (SUFAL) Project
IDA Credit: US $175 million
Terms: Maturity = 30 years, Grace period = 5 years
Project ID: P161996
Project Description: The Sustainable Forests & Livelihoods Project (SUFAL) aims to improve forest management and increase benefits for forest dependent communities in targeted sites by financing nearly 79,000 hectares of forests on public and private lands, including about 22,000 hectares of coastal green belt across 147 Upazilas (sub-districts). The project will directly benefit about 40,000 forest dependent households – with special emphasis on women and adolescent girls – by increasing their participation in forest management and access to diversified income generation options. In addition, about 180,000 people will benefit through involvement in collaborative forest management activities. The Bangladesh Forest Department will also receive support through training and skills development opportunities.