Germany’s International Cooperation Agency has decided to donate 6 million euros to Mozambique’s Fundação para a Conservação da Biodiversidade (Foundation for the Conservation of Biodiversity – Biofund) through German development bank KfW, said the German ambassador in Mozambique, Philip Sauer.
This new donation increased the funds allocated to date by the German International Cooperation Agency, according to a statement issued by Biofund, a nonprofit organization focused on financing biodiversity conservation in the country.
Together with grants from the World Bank and other institutions, the Foundation now has reserves estimated at US$22 million or 19.6 million euros.
Biofund was established in 2011 based on the international experience of the “Conservation Trust Funds,” which are intended to ensure sustainable long-term funding for conservation. (macauhub/MZ)