News

World Bank: Forest Carbon Partnership Facility Participants List Grows

High Demand Prompts Forest Carbon Partnership Facility to Expand Beyond Original 20 Developing Countries 24 October 2008: The Forest Carbon Partnership Facility

(FCPF), a World Bank programme that partners developing countries with

industrialized countries and The Nature Conservancy, a non-governmental

organization, in an effort to reduce emissions from deforestation and forest

degradation (REDD) in developing countries, convened its first operational

meeting from 20-22 October 2008, in Washington, DC, US. During the meeting, it

was decided that the programme should be expanded and that ten new developing

countries would be added to the 20 that had originally been selected.

The list

now includes: Argentina, Bolivia, Cameroon, Colombia, Costa Rica, the

Democratic Republic of Congo, Ethiopia, Gabon, Ghana, Guyana, Kenya, Lao PDR,

Liberia, Madagascar, Mexico, Nepal, Nicaragua, Panama, Papua New Guinea,

Paraguay, Peru, the Republic of Congo, Uganda, Vanuatu and Viet Nam. These

countries will be paired on REDD activities with Australia, Finland, France

(the French Development Agency), Germany, Japan, the Netherlands, Norway,

Spain, Switzerland, the UK and the US, as well as The Nature Conservancy.

Katherine Sierra, Vice President for Sustainable Development, World Bank, noted

the level of interest and commended those countries that were preparing

themselves and dedicating resources to REDD.

In the announcement, the World

Bank also committed to underwriting US$2.3 million for the Facility's launch.

In addition, the FCPF Participants Committee, which was elected during the

meeting, approved a Capacity Building Program, a US$1 million small grants

programme for indigenous and other forest-dependent communities. [World

Bank Press Release]