San Salvador, Tuesday, July 9, 2019: With the participation of representatives of environmental and forestry institutions of the Central American region, a meeting is being held to provide feedback and general recommendations for investment projects to be financed by the Green Development Fund for the SICA region.
This activity is carried out as part of the local investment component of the Green Development Fund for the SICA region that will finance ecosystem restoration projects at landscape level through nationally designated mechanisms.
"Hectares will be restored and you (Central American countries) will design and develop your national mechanism to sovereignly decide where (territories) will will be invested these funds," said CCAD Executive Secretary Salvador E. Nieto at the opening of the workshop. expresó el Secretario Ejecutivo CCAD, Salvador E. Nieto, en el marco de la inauguración del taller.
The Director of the Green Development Fund for the SICA region also mentioned: "There may be different approaches and approaches by the countries, but the most important thing is the impact we want to achieve through these investment projects. “Puede haber diferentes enfoques y abordajes por parte de los países, pero lo más importante son los impactos que queremos lograr a través de éstos proyectos de inversión”.
With investment projects, financial mechanisms strengthen and demonstrate their operational capacities through practice in the areas of project planning, financial management, implementation, monitoring and reporting.
The Green Development Fund promotes within the CCAD framework a structure and a regional coordination process for the formulation and management of investment projects for the restoration of priority landscapes in the region.
The Green Development Fund for the SICA region/ REDD Landscape is a regional program financed by the European Union together with the Federal Ministry of Environment of the Republic of Germany (BMU) and implemented by the Deutsche gesellschaft für Internationale Zusammenarbeit (GIZ) in coordination with CCAD. Its objective is to reduce vulnerability to climate change in degraded areas of Central America and the Dominican Republic through ecosystem and landscape restoration.
The Green Development Fund is a regional program, aimed at financing integrated projects at the landscape level through the environmental funds of the SICA countries.