TTF Members invited to focus group discussion on Sustainable Import Guarantee

TTF Members invited to focus group discussion on Sustainable Import Guarantee

ARTICLE · TTF · 19 March 2021

Members importing from Indonesia are invited to join a focus group led by the Green Finance Institute (GFI) to discuss an ‘import guarantee’ pilot scheme that aims to provide financial benefits for importers of FLEGT timber from Indonesia.

The scheme, Sustainable Import Guarantee, would provide a guarantee on trade loans (instruments) used to source timber from a FLEGT verified country (i.e. Indonesia). These guarantees will allow the banks to offer a cheaper interest rate (cost of financing) on the loan.

GFI has been working with the UK Government to identify participants for the pilot scheme and is interested in testing this instrument with importers of timber, in particular, from Indonesia (as a FLEGT verified region). The guarantee has the potential to provide financial benefits and risk removal for importers. Please see attached leaflet for more information.

GFI is now inviting interested TTF members to join a focus-group for an open dialogue and questions.

Would you be interested in joining, or finding out more about the scheme? Please email xma@ttf.co.uk