Burkina Faso Receives $11.5 Million to Increase Forest Carbon Sequestration and Reduce Rural Poverty

14 November 2013

With African Development Bank (AfDB) support, Burkina Faso has received an $11.5 million grant from the Climate Investment Funds' (CIF) Forest Investment Program (FIP) to undertake the Gazetted Forests Participatory Management Project for REDD+ to create critically needed transformation of 12 of its gazetted forests.

With 48.8 per cent of its land mass covered by forest, Burkina Faso is a country heavily dependent on its forest sector for socio-economic development; but today, with growing deforestation, the country is suffering from increased biodiversity loss and degraded soil production. The FIP- and AfDB-supported project is designed to contribute to a triple-win transformation: building carbon sequestration capacity in the forests, improving local people's resilience to climate change, and reducing their poverty by diversifying their income sources, developing gazetted forest wood and non-wood products such as almond and shea processing and beekeeping.

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