Integrated Mangement in Lakes Apanas and Asturias Watershed

Project Summary

The purpose of this project is to foster biodiversity conservation and climate change mitigation in the Lakes Apanás and Asturias Watershed through: (i) the implementation of Sustainable Forest and Land Management (SFLM) activities that will increase forest carbon sequestration, reduce greenhouse gas (GHG) emissions, and protect fragile ecosystems; and (ii) the design and piloting of a scheme of Payment for Environmental Services (PES) directed to farmers and/or private owners of forested reserves to be financed by the compensation for water use to be made by the hydroelectric power within the watershed.

Project Details

GEF Project ID
3981
Project Type
Full-size Project
Status
Completed
Country
Nicaragua
Region
Focal Areas
Funding Source
GEF Trust Fund
Implementing Agencies
Inter-American Development Bank
Executing Agencies
ENEL, MARENA, MAGFOR, INAFOR
GEF Project Manager
Linda Heath |

Financials

Project Preparation Grant Amount
90,000 USD
GEF Project Grant
4,040,900 USD
Co-financing Total
4,900,000 USD
GEF Agency Fees
404,090 USD
Total Cost 9,030,900.00 USD

Project Timeline

Received by GEF
20 Apr 2009
Preparation Grant Approved
01 Mar 2010
Concept Approved
31 Mar 2010
Project Approved for Implementation
19 Jul 2011
Project closed
03 Feb 2017