The overarching goal of the project is to protect the Amazon rainforest by strengthening Amazon socio-biodiversity organizations, businesses, and supply chains, promoting a development model in the Brazilian Protected Areas System in the Amazon that empowers conservation stewards (ILPCs) by combining conservation with income generation. The estimated improvement of the effectiveness of protected areas (Resex, RDS, and APAs – IUCN categories IV and VI) reaches 1.7M hectares and provides global environmental benefits.
The project strategy to achieve this goal is to use a non-grant instrument to support a common financial instrument in Brazil (CRA - agribusiness receivables certificate) innovatively, for the first time for sustainable production in the Amazon and leveraging Natura (Brazilian major cosmetic industry) strong and trusting relationship of 20 years built with local cooperatives.
The project strategy to achieve this goal is to use a non-grant instrument to support a common financial instrument in Brazil (CRA - agribusiness receivables certificate) innovatively, for the first time for sustainable production in the Amazon and leveraging Natura (Brazilian major cosmetic industry) strong and trusting relationship of 20 years built with local cooperatives.
Project Details
GEF Project ID
11327
Country
Brazil
Implementing Agencies
Brazilian Biodiversity Fund
Status
Concept Approved
Region
Latin America and Caribbean
Executing Agencies
Vert
GEF Period
GEF - 8
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Project Documents
Financials
USDCo-financing Total
46,600,000
GEF Project Grant
6,200,000
GEF Agency Fees
558,000
Timeline
Received by GEF
18 Sep 2023
Concept Approved
09 Feb 2024