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Detail of GEF Project #671

GEF Project ID671
Funding SourceGEF Trust Fund
Project NameEcomarkets
CountryCosta Rica
RegionLatin America and Caribbean
Focal AreaBiodiversity
Operational Program3; 4
PDF-B Approval Date1999-04-06
Approval Date1999-12-01
CEO Endorsement Date2000-05-18
GEF Agency Approval Date2000-06-06
Project Completion Date2006-09-30
Project StatusProject Closure
GEF AgencyWorld Bank
Executing AgencyFONAFIFO
DescriptionThe development objective of the proposed project is to increase the production of environmental services in Costa Rica by supporting the development of markets and private sector providers for services supplied by privately owned forests, including protection of biological diversity, greenhouse gas mitigation, and provision of hydrological services. The global environmental objective of the proposed project is to foster biodiversity conservation and preserve important forest ecosystems through conservation easements on privately-owned lands outside of protected areas in the Mesoamerican Biological Corridor in Costa Rica. The project will strengthen offices within the Ministry of Environment and Energy (MINAE), as well as local and regional non-governmental organizations, responsible for the execution, promotion, supervision, and monitoring of the forest conservation program. Results of project activities generating global benefits would include: (a) an additional 50,000 hectares of privately owned lands in Tortuguero, La Amistad Caribe, and Osa Conservation Areas incorporated into Costa Rica’s conservation easement program; (b) establishment of a financial instrument to support conservation easements in Costa Rica over the long term; and (c) increased landowner participation in, and benefits from, forest conservation-related activities within the Mesoamerican Biological Corridor in Costa Rica.
Implementation StatusThe project implementation is satisfactory. The MTR was completed in August 2004.
PDF B Amount
330,000 USD
GEF Project Grant
8,000,000 USD
GEF Grant
8,330,000 USD
Cofinancing Total
51,900,000 USD
Project Cost
60,230,000 USD
GEF Agency Fees
878,000 USD
GEF Project (CEO Endo.)
8,000,000 USD
Cofinancing Total (CEO Endo.)
41,200,000 USD
Project Cost (CEO Endo.)
49,530,000 USD
Project Documents

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