The Foundation for the Conservation of Biodiversity – BIOFUND just received from the German Government through KfW, a donation of 9 million euros for the endowment fund.
Published at 22/12/2017
To support nature conservation - 9 million euros donated to BIOFUND
With this new grant, whose contract signed yesterday (21/12/2017) in Maputo, the total German Cooperation contribution to BIOFUND ascends to 25 million euros.
BIOFUND’s endowment also has other important subscriptions by Conservation International and GEF (Global Environmental Facility), through the World Bank, summing at this moment the equivalent of 32 million US dollars.
BIOFUND finances the operational costs of many units of the National Conservation Area System, using own resources and funds made available by the Agence Française du Development (AFD) and the World Bank.
The current list of Conservation Areas benefiting from BIOFUND funding includes the Quirimbas National Park, the Gilé National Reserve, the Environmental Protection Area of the Primeiras and Segundas Archipelago, the Chimanimani National Reserve, the Bazaruto Archipelago National Park, the Zinave National Park, the Limpopo National Park, the São Sebastião Total Protection Zone, the Maputo Special Reserve and the Ponta do Ouro Marine Partial Reserve.
BIOFUND, the country’s first environmental fund, is a private, non-profit entity whose goal is to provide sustainable financing for conservation in line with international best practices.