Comments - Latest Popular Stories, Instablogs Community by Celsoldc

Grace Calderon

Grace Calderon — Wed, 25 Jun 2008 00:00:00 +0000

In the Philippines, we have LANDBANK. This is the dominant financial institution in countryside development. It’s loan portfolio is huge, as this is also the official depository of the Philippine government.

When a farmer or fisherfolk apply for a loan, the bank considers the entire sustainable chain. For example, if a loan is granted to farming, the bank looks into financing agribusiness as well.

This becomes a cohesive view of a scenario that takes into account all the stakeholders.

Also, any agricultural and aquacultural project that applies for a loan has to secure an environmental impact clearance certificate from the country’s Department of Environment and Natural Resources, the government’s environment watchdog.

Celso Camargo

Celso Camargo — Wed, 25 Jun 2008 00:00:00 +0000

Here in Brazil there are institutes responsible for monitoring the environment, but there was no specific environmental regulations to control the banks.

Grace Calderon

Grace Calderon — Wed, 25 Jun 2008 00:00:00 +0000

Is Brazil a signatory to the UN Millennium Development Goals (MDGs) Declaration? It’s what puts together eradication of hunger and environmental sustainability side by side.

Celso Camargo

Celso Camargo — Wed, 25 Jun 2008 00:00:00 +0000

Yes. But there are several problems here when the subject is the Environment. I’ll write about them very soon. It is scary what is happening here.