World Bank to support sustainability of soy and beef cattle in Brazil

Published 2022년 11월 16일

Tridge summary

The World Bank has approved a grant of $24.58 million for the 'Vertentes' project in Brazil, aiming to make the soy and beef cattle value chains more sustainable. The project will cover around 47.2 million hectares across five states and will focus on the sustainable management of landscapes, with the goal of recovering degraded pasture and reducing greenhouse gas emissions. The project is expected to benefit 10,500 direct beneficiaries, including women, and will involve both private and public sector actors. The project will also train supermarket chains on purchasing sustainable products and will promote social inclusion in rural areas.

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Original content

The World Bank has approved a US$24.58 million grant agreement to make the soy and beef cattle value chains located in and around the Brazilian Cerrado more sustainable. The Project “Vertentes – Consortium of Sustainable Landscapes of Multiple Use in Brazil” will cover approximately 47.2 million hectares in five states: Bahia, Goiás, Mato Grosso, Mato Grosso do Sul and Minas Gerais, in addition to the Federal District. One of the main strategies of the project is called Sustainable Management of Landscapes. The plan sets out to recover vast areas of degraded pasture while reducing greenhouse gas emissions. According to senior agricultural economist Leonardo Bichara, from the World Bank, the initiative is innovative. “It is an innovative project because it will not only benefit rural producers, but everyone involved in the production chain of these two products”, he highlights. The initiative, adds Bichara, will also reach supermarket chains, which will be trained on how to ...

Source: Agroemdia