The Congo Basin Forest Fund was launched in June 2008 to complement existing activities; and to support transformative and innovative proposals which will develop the capacity of the people and institutions of the Congo Basin to enable them to manage their forests; help local communities find livelihoods that are consistent with the conservation of forests; and reduce the rate of deforestation.
It will provide a source of accessible funding, and encourage governments, civil society, NGOs and the private sector to work together. The CBFF is initially being financed by a grant of £100 million from the British and Norwegian Governments.
‘the Fund will support innovative proposals to make the forest worth more as a living resource than it would be cut down.’