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Pilot Program to Conserve
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Funding
Table
The Pilot Program was planned to be funded by about US$250 million of donor contributions, as agreed in Geneva, in December 1991. Brazil was to contribute about 10% in counterpart funds. Funds are made available as grants or on highly concessional lending terms. Funding of the individual projects of the Program was designed to come in part from a central grant fund, the Rain Forest Trust Fund (RFT), and in part from bilateral contributions, either as financial or as technical cooperation. About a fifth of Program funding was to be provided from the RFT. This fund is administered by the World Bank, in accordance with the Rain Forest Trust Fund Resolution of the Bank's Board of Executive Directors (1992). The RFT has so far received about $57 million. For each of the Pilot Program projects, the RFT provides a smaller part of the funding (10-20%). It also provides funds for the administration of the RFT itself and for the Program by the World Bank, for donor coordination and for the International Advisory Group. Some donors, including Germany, the European Union, the United Kingdom and the United States, provide bilateral contributions to the projects, alongside with the RFT. These contributions are either made available directly to the Brazilian Government or a financial agent (e.g., the Banco do Brasil), or are given in trust to the World Bank (which in turn grants them to the Government or a financial agent), or are provided as technical cooperation, such by the British DfID and the German cooperation agency GTZ. Brazil provides counterpart funds from the federal and state budgets. In addition, government agencies in Brazil make available their own infrastructure and personnel to carry out projects. Project participants themselves also contribute to the Program: Local communities make contributions, mostly in the form of labor and materials. Over time, donors have pledged additional resources for the Pilot Program. Total funding (whether contracted, firmly committed or just announced) of the Program currently amounts to about $404 million, including Brazilian contributions. Germany is the largest donor of the Program, followed by the European Union, the United Kingdom and the United States. Click here for a table that shows the contributions by country, into the RFT and for individual projects. |
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