Farmers in Latin American and Caribbean countries could lose billions in revenues over the next 20 years if a complete deforestation ban is imposed in the region, according to a study by the Inter-American Development Bank. Countries with fewer economic alternatives would suffer disproportionately from the deforestation ban while countries with more diverse economies such as Brazil may eventually benefit from it. The study further noted that the ban is not likely to have a significant impact global food prices.

About the author

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.