The eighth largest economy in Latin America, Ecuador seeks to augment its work on reducing deforestation to cut GHG emissions and fight climate change, as well as to improve rural livelihoods and protect the rights of indigenous peoples and local communities.
Source: World Bank
Ecuador’s FIP investment plan for an indicative $24 million in grants and concessional financing aims to contribute to Ecuador’s REDD+ Action Plan for reducing deforestation and forest degradation through conservation, sustainable forest management, and the optimization of other land uses, and contributing to GHG emissions reductions. Projects include managing forest
landscapes in three selected zones to conserve forest remnants and increase the value of standing native forests to expand economic opportunities for local communities. Other efforts will focus on adopting sustainable agricultural practices and restoring degraded lands abutting conservation areas to improve land use management and livelihoods.
Ecuador is one of 17 megadiverse countries in the world, with plant biodiversity representing nearly 8% of vascular plants registered on the planet
The CIF programmatic approach to investment planning and implementation brings strategic value to CIF recipient countries. Working through a transparent, country-led process, the CIF fosters trust and collaboration among government ministries, civil society, indigenous peoples, private sector, and the MDBs that implement CIF funding. Together, they translate Nationally Determined Contributions and other national development and climate strategies into an actionable CIF investment plan. Rather than one-off projects, the plan comprises long-term, sequenced investments that mutually reinforce each other and link to other critical activities, such as policy and regulatory reform and capacity building. Under national government leadership, CIF stakeholders continue to work together to implement the plan, continually assessing progress and sharing lessons learned along the way.