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Detail of GEF Project #2443

GEF Project ID2443
Funding SourceGEF Trust Fund
Project NameEnvironmental Services Project
RegionLatin America and Caribbean
Focal AreaBiodiversity
Operational Program4; 3
Pipeline Entry Date2004-03-24
PDF-B Approval Date2004-03-24
Approval Date2005-11-10
CEO Endorsement Date2006-02-27
GEF Agency Approval Date2006-03-29
Project Completion Date2011-06-30
Project StatusProject Completion
GEF AgencyWorld Bank
Executing AgencyThe National Forestry Commission (CONAFOR)
DescriptionThe project objective is to improve the provision of environmental services that bring both national benefits (primarily water services) and global benefits (primarily increased biodiversity conservation) by strengthening and expanding existing programs for payment of environmental services (PES) related to water (PSAH) and to carbon captures and biodiversity (CABSA) as well as supporting the establishment of new local PES mechanisms. The project will ensure that only sites with globally significant biodiversity will receive GEF funds under the national or local programs, in the project area. Furthermore, all land management systems with PES support under the project (from any funding source) will be biodiversity-friendly. All eight of the pilot sites where PES systems would be established, strengthened, or continued under the project are chosen to overlap with at least two of the following high-priority biodiversity conservation designations: (i) existing Natural Protected Areas; (ii) Priority Terrestrial Ecoregions established by CONABIO; (iii) Important Bird Areas that are vital to the survival of endemic species or to protecting key bird breeding, feeding, and migration areas; and (iv) Ramsar Wetlands of International Importance.
PDF B Amount
350,000 USD
GEF Project Grant
15,000,000 USD
GEF Grant
15,350,000 USD
Cofinancing Total
166,792,000 USD
Project Cost
182,142,000 USD
GEF Agency Fees
1,381,500 USD
GEF Project (CEO Endo.)
15,000,000 USD
Cofinancing Total (CEO Endo.)
141,560,000 USD
Project Cost (CEO Endo.)
156,910,000 USD
Project Documents

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