The presentation is given in the framework of the virtual congress "Sustainable Financing for Conservation" organized by the Network of Latin American and Caribbean Environmental Funds (RedLAC) and the Consortium of African Funds (CAFÉ)
6 of October 2020. To present the experience and lessons learned from Central America in the creation of a mechanism for green finance, the Central American Commission on Environment and Development (CCAD) together with the Environmental Investment Fund of El Salvador (FIAES), the Environmental Bank Foundation (FUNBAM) of Costa Rica, the Natura Foundation of Panama and the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) prepared the session: "Green Development Fund: Building a regional financing platform for ecosystem restoration" in the virtual congress of environmental funds of Latin America, the Caribbean and Africa RedLAC.
The Green Development Fund for the SICA region has been created by CCAD with the support of the European Union (EU) and the German Federal Government, to strengthen the capacities in the countries of the Central American Integration System (SICA) to effectively manage, execute and monitor international climate finance for ecosystem and landscape restoration.
During the session, participants learned about the experience and lessons learned from FIAES, FUNBAM and Fundación Natura to become national financial partners of the Green Development Fund; as well as the joint work being developed among governments, donors and communities to develop a network that implements ecosystem and landscape restoration projects with a regional vision. At the same time, they learned about the process of including "Cash for Work" measures in the second phase of the Fund to minimize the negative effects of the COVID-19 pandemic and encourage green recovery in the SICA countries.
"...the regional potential of having eight connected, integrated economies that prioritize the restoration of ecosystems and landscapes, is a potential for the investment funds that we already have in the region, it is very important to value, recognize and above all take advantage of" explained the Executive Secretary of CCAD, Salvador Nieto.
The virtual congress "Sustainable Financing for Conservation" has been organized by the Network of Environmental Funds of Latin America and the Caribbean (RedLAC) and the Consortium of African Funds (CAFÉ) to strengthen their members and turn them into leaders of innovative financial mechanisms for conservation and sustainable development. In total, these networks bring together 43 national and 3 regional environmental funds from 30 countries in Latin America, the Caribbean and Africa.
"We hope that the experience of the Green Development Fund for the SICA region will open the way for sustainable financing at regional level for the restoration of ecosystems, landscapes and adaptation to climate change that is a high priority for the region" said the director of the Green Development Fund and REDD III program, Jan Bock.
The session was moderated by Jan Bock, director of the REDD III program and the Green Development Fund and as panelists participated the Executive Secretary of CCAD, Salvador Nieto, the Executive Director of FIAES, Jorge Oviedo, the Executive Director of Fundación NATURA, Rosa Montañez and the Executive Director of FUNBAM, Manuel Ramírez. The Regional Program for Reducing Emissions from Deforestation and Forest Degradation in Central America and the Dominican Republic (REDD III) is part of the organizers of the virtual congress and has the general objective of promoting processes in the Central American region that strengthen good governance, conservation and sustainable management of forest ecosystems to mitigate the effects of climate change aggravated by deforestation and forest degradation. The program is financed by the German Federal Ministry for Economic Development and Cooperation (BMZ) and executed by the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) in coordination with the Central American Commission for Environment and Development (CCAD).
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