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Project FP173 - Amazon Bioeconomy Fund (GCF)
Start Date:
07/10/2021
End Date:
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.
Iniciative Type
Action scope
Multicountry
Evaluated
No
Stage
Implementation- Ongoing
Temporalidad
Long-term
Number of Years
8 - Year -s
Related elements
Sectors:
Thematic Areas:
Beneficiaries:
Instruments:
Policy frameworks:
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 |
|---|---|
| BID: Banco Interamericano de Desarrollo | Execution and operation |
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