What will the CBFF fund?
The CBFFwas officially launched in June 2008. According to two different approaches, it will allow to identify projects of development and to implement its pipeline of projects in several ways to achieve its strategic objectives and milestones.
The principle approach is through open, competitive bidding rounds. These are open to eligible partners from the Congo Basin region, including governments, civil society organizations, and the private sector.
Competitive bidding for funds is envisaged to occur at twice a year. The process is overseen by the CBFF Secretariat, in accordance with AfDB rules and procedures. The full application process from the submission of concept notes, through to the preparation of detailed proposals for assessment and finally, the award of grants, is between 6 to 9 months.
Regardless of the size of project proposed, the CBFF is looking to approve projects which are innovative, productive, of high quality; and will contribute to achieving the overall objectives of the Fund: to avoid deforestation and contribute to poverty alleviation in the Congo basin forests.
The second approach of identification of the projects concerns only the governmental projects and those of the COMIFAC and his related Institutions. It is permanent and gets organized on the basis of the orientations of the Governing Council of the Fund and the priorities of the governmental. It does not plan competition.