Brazilian Biodiversity Fund

Project Summary

The project will help establish the Brazilian Biodiversity Fund (FUNBIO), to be managed by the Getulio Vargas Foundation, a private non-profit organization. An independent Board, composed of representatives from the private sector, the conservation community, academia and government, has been appointed and will be responsible for FUNBIO operational and investment policy. FUNBIO is a sinking fund with a minimum contribution target of $25 million, to be provided by GEF, the private sector, NGOs, the public sector and research institutions. The fund will provide modest long-term financing for projects consistent with biome-level priorities identified in the MMA-managed workshops in the National Biodiversity Project.

Project Details

GEF Project ID
126
Project Type
Full-size Project
Status
Completed
Country
Brazil
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of Environment and the Legal Amazon (MMA); Brazilian Institute for Environment and Renewable Resources (IBAMA)
GEF Project Manager

Financials

Project Preparation Grant Amount
0 USD
GEF Project Grant
20,000,000 USD
Co-financing Total
5,000,000 USD
GEF Agency Fees
0 USD
Total Cost 25,000,000.00 USD

Project Timeline

Received by GEF
Concept Approved
01 May 1991
Project Approved for Implementation
Project closed
31 Dec 2001