Governing Body Selected for Forest Investment Program
20 October 2009: The World Bank has announced the results of the regional self-selection process for member States in the governing body of the Forest Investment Program (FIP). Six developing countries (Brazil, the Democratic Republic of Congo, India, Morocco, Nepal and Romania) will join five contributor countries (Australia, Denmark, Norway, the United Kingdom and the United States) on the FIP Trust Fund Sub-Committee, which is the governing body of the FIP. The Sub-Committee will hold its first meeting on 29 October 2009, in Washington, DC, US.
The FIP is one of three specialized programs under the Strategic Climate Fund of the Climate Investment Funds. It will be implemented jointly through the multilateral development banks (the African Development Bank (AfDB), Asian Development Bank (ADB), European Bank for Reconstruction and Development (EBRD), Inter-American Development Bank (IDB) and the World Bank Group) in close collaboration with other development partners. [World Bank press release] [World Bank Climate Investment Funds webpage]