Colombian National Protected Areas Conservation Trust Fund

Project Summary

The project seeks to design and implement a Protected Areas Conservation Trust Fund (CTF) that will promote the consolidation and long-term sustainability of Colombia’s National Protected Areas System (NPAS.) This objective is a key strategy of the Colombian Ministry of the Environment, Housing and Territorial Development and, specifically, of the principal project partner: the National Natural Parks Authority (NPA.) The project aims to enlarge stakeholder participation to include previously marginalized Indigenous, Afro-Colombian and Peasant communities who inhabit buffer zones and conservation corridors surrounding National Natural Parks (NPs.) A principal project objective is to design management plans (MPs) with local communities favoring biodiversity conservation and developing innovative market-based incentives and projects that will improve local communities’ socio-economic conditions. The Fund will also consolidate the National Protected Area System (NPAS).12 Sept 2005The Protected Areas Conservation Trust Fund is being designed as a foundation under a private sector legal regime with a public-private board composition. The new foundation, FONCAP is envisioned to have both endowment and sinking funds: a sinking account to direct capacity building investments seeking effective consolidation of 14 Conservation Mosaics, and an endowment account to cover recurrent operational costs for at least 3 Conservation Mosaics. A competitive selection process will be undertaken during the project's 3rd year whereby CMs will be rated according to their resource execution and consolidation capabilities. Project Mosaics with the highest ratings will sign on to the endowment to receive financial resources to perpetuity cover their incremental recurrent costs.

Project Details

GEF Project ID
2551
Project Type
Full-size Project
Status
Completed
Country
Colombia
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
The World Bank
Executing Agencies
Ministry of the Environment, Housing and Territorial DevelopmentNational Natural Parks Authority (NPA)
GEF Project Manager
Yoko Watanabe | ywatanabe@TheGEF.org

Financials

Project Preparation Grant Amount
350,000 USD
GEF Project Grant
15,000,000 USD
Co-financing Total
27,500,000 USD
GEF Agency Fees
1,381,500 USD
Total Cost 42,850,000.00 USD

Project Timeline

Received by GEF
01 Jun 2004
Preparation Grant Approved
12 Jul 2004
Concept Approved
01 Nov 2005
Project Approved for Implementation
01 Mar 2006
Project closed
18 Oct 2014