Cape Verde to receive US$7 million to protect the environment

3 May 2011

Praia, Cape Verde, 3 May – Cape Verde is set to receive US$7 million in the 2012-2015 period as part of the fifth round of funding from the Global Environment Fund (GEF), Pan-African news agency PANA reported from Praia, citing an official.

The GEF is a fund created following several United Nations conventions on the environment, specifically the conventions on Biodiversity, Climate Change, and Soil Erosion, with the aim of helping countries finance projects with a global impact.

Cape Verde is currently benefitting from GEF funding totalling US$7.4 million and a further two environmental projects on the archipelago, which have already been concluded, also benefitted from GEF funding totalling US$49 million.

Cape Verde, together with another 12 countries, is part of GEF’s Sahel initiative, which is one of the 32 sub-regions into which the Fund is organised.

The Cape Verdean capital, Praia, last week hosted a sub-regional meeting, which was attended by all the members of GEF’s Sahel initiative (Cape Verde, Burkina Faso, Gambia, Guinea Bissau, Mali, Mauritania, Niger, Senegal and Chad), which was intended to prepare the next meeting of the Fund’s council, to be held in May of this year.

The Cape Verdean government will have to present a plan for distribution of the new fund for the three focal areas of the GEF, specifically biodiversity, climate change and soil erosion. (macauhub)