The International Finance Corporation (IFC) - the private sector investment bank within the World Bank Group - has begun to co-finance biodiversity-linked enterprises in sectors such as forestry, agriculture, tourism and wildlife use. One programme has focused on small and medium-sized enterprises which generally do not have access to long-term capital. Additionally the IFC is setting up a private venture capital fund for biodiversity enterprises in Latin America. This fund will start up with a base of US$ 20-50 million from various sources including the GEF, the IFC, the government of Brazil and Switzerland and other private sector sources. The IFC experience indicates that the major challenge is not finding the money, but rather finding viable biodiversity projects in which to invest.