Blog IICA

Special Contributions Fund for Socio Bosque (FSB)

Start Date: 11/07/2012
End Date: 12/07/2032

Description

The Special Contributions Fund for Socio Bosque (FSB) is a financial mechanism created to contribute to the co-financing of incentives for the Socio Bosque Project in its planning, execution, and monitoring stages. The FSB aims to provide economic incentives to community and individual landowners who voluntarily commit to conserving areas of forests, páramos, and other native plant formations for a period of 20 years. It manages resources from international cooperation and private donors for this purpose, including KfW, Conservation International Foundation Ecuador, Banco Bolivariano, Banco del Pacífico, and General Motors. These economic incentives contribute to the conservation of native ecosystems and the reduction of carbon emissions caused by deforestation and forest degradation.

Observations

The budget that appears in this initiative is what has been accumulated as of December 31, 2019.

Action scope

National

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Long-term

Number of Years

20 - Year -s

Related elements

Budget in USD

Budget in USD
$24,389,089.00
Counterpart Budget
$0.00
Total Budget
$24,389,089.00
Annual Average Budget
$1,219,454.00

Institutions

Institutions Institutions rols
Sustainable Environmental Investment Fund (FIAS) Financing-investor
Ministerio del Ambiente, Agua y Transición Ecológica del Ecuador Financing-investor
Ministerio del Ambiente, Agua y Transición Ecológica del Ecuador Financing-investor
KfW (Kreditanstalt für Wiederaufbau) Financing-investor
Conservation International Ecuador Financing-investor
Bolivarian Bank Execution and operation
Bank of the Pacific Monitoring and auditing
General Motors Planning

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