Ghana to partake in Forest Investment Programme pilot country talks in Brazil

Ghana will join Burkina Faso and the DR Congo as well as other countries across the world to participate in the Climate Investment Funds’ (CIF) Forest Investment Programme (FIP) in Brasilia, Brazil, for their third annual pilot country meeting.

The meeting will be held from April 2-3, 2012.

Ghana will present its views on the relationship of its FIP investment plan and CIFs’ Dedicated Grant Mechanism for Indigenous Peoples and Local Communities (DGM), according to the African Development Bank (AfDB) which is an implementing agent of the CIF.

The countries are expected to share their innovative approaches to REDD+ investments and working with the private sector, indigenous peoples and local communities.

“A focus will be on business models that engage the private sector while integrating local communities, such as commodity round tables, forest bonds and land reclamation initiatives,” said the AfDB.

The FIP aims to support developing countries’ efforts to reduce emissions from deforestation and forest degradation (REDD+) by providing scaled-up financing for readiness reforms and public and private investments.

By Ekow Quandzie