Categories: World News

World Bank to act as financial manager and trustee of global forest fund, says Brazil

BRASILIA, Oct 21 (Reuters) – The World Bank board on Tuesday approved the bank's role as financial manager and trustee of the Tropical Forests Forever Facility (TFFF), a…

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Published by NewsX Syndication
Published: October 22, 2025 03:25:26 IST

BRASILIA, Oct 21 (Reuters) – The World Bank board on Tuesday approved the bank's role as financial manager and trustee of the Tropical Forests Forever Facility (TFFF), a multilateral funding mechanism proposed by Brazil to support global conservation of endangered forests. "The World Bank's decision turns the TFFF from an idea into a fully operational reality,” Finance Minister Fernando Haddad said in a statement announcing the bank's approval. (Reporting by Marcela Ayres; Editing by Leslie Adler)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Published by NewsX Syndication
Published: October 22, 2025 03:25:26 IST

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