1 November 2013
Peru has secured $50 million in funding from the Climate Investment Funds' Forest Investment Program (FIP) to be invested in activities that will fight deforestation and forest degradation throughout the country.
The Forest Investment Plan of Peru (FIP-PE) was approved in the FIP Sub Committee that took place in Washington, DC on October 30, the Inter-American Development Bank (IDB) said in a statement.
The plan was presented by a high-level delegation from Peru, composed by members of key Ministries and representatives of indigenous people groups from the country.
The FIP Investment Plan of Peru includes projects that will address a number of activities that will help preserve the rich biodiversity of the country, including titling and registration of rural properties and communal lands with the aim of ending open access to forest resources, improvement of forest and environmental governance, enhancement of the value of environmental assets of forests and degraded areas, and activities for innovation and market development.
Read more from Andina here.