Blog IICA

Project FP173 - Amazon Bioeconomy Fund (GCF)

Fecha de inicio: 07/10/2021
Fecha de fin: 28/09/2029

Description

GCF's new Amazon Bioeconomy Fund in six Amazon countries will deliver sustainable solutions to reduce the impacts of climate change in the Amazon biome by prioritizing natural capital and delivering climate benefits. The USD 600 million programme will include an investment of USD 279 million from GCF, and will be implemented with the Inter-American Development Bank. It will encourage private investment in six key areas of the bioeconomy: sustainable agroforestry, native palm cultivation, non-timber natural forest products, growing native species timber, aquaculture, and community-led nature tourism.

Action scope

Multicountry

Evaluated

No

Stage

Implementation- Ongoing

Temporalidad

Long-term

Number of Years

8 - Year -s

Budget in USD

Budget in USD
$279,000,000.00
Counterpart Budget
$319,100,000.00
Total Budget
$598,100,000.00
Annual Average Budget
$85,442,857.00
Financing Sources Financing Types
GCF: Climate Green Fund Grants

Institutions

Institutions Institutions rols

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