Democratic Republic of Congo (DRC) establishes the DRC REDD+ National Fund
27 Nov 2012
Kinshasa - On the eve of the COP18 meeting in Doha, Qatar, the DRC REDD+ National Fund was established with the signing of the agreement between the Government of DRC and the UNDP MPTF Office that will be the interim fund administrator. The agreement was signed in Kinshasa by H.E. Mr. Patrice Kibeti, Minister of Finance délégué and Mr. Moustapha Soumare, DSRSG/UN Resident Coordinator/UNDP Resident Representative in the DRC. The signature ceremony was attended by H.E. Mr. Bavon N'sa Mputu Elima, Minister of Environment, Conservation and Tourism, DRC’s development Partners, the World Bank representative, and other officials.
The largest tropical forest in Africa, covering close to 167 million hectares or 10% of the world’s tropical forests, is located in the DRC. DRC is establishing its National REDD+ Fund to provide it with a financial instrument able to mobilize and combine diverse financing sources (public and private, national and international) for the implementation of the REDD+ national objectives. The DRC REDD+ National Fund is designed to ensure that the mobilized funds are allocated in the best and most transparent way to priority activities identified in the National REDD+ Investment Plan.
For more information visit the DRC REDD+ National Fund on the MPTF Office GATEWAY