News from Islands
Cape Verde will receive $ 7 million to protect environment
Praia, Cape Verde, 3 May - Cape Verde will receive $ 7 million in the period 2012/2015, in the fifth round of funding from the Global Environment Fund (GEF), said in Praia news agency pan African PANA quoted official sources.
The GEF is a fund created in the wake of several United Nations conventions on the environment, including the Convention on Biodiversity, Climate Change and Land Degradation in order to support countries to finance projects with global impact.
Cape Verde is currently eligible for GEF funding in the amount of $ 7.4 million and two other environmental projects in the archipelago, already completed, had benefited from other GEF financial cycles of six and three million dollars, respectively.
Cape Verde, along with 12 other countries, is part of the GEF Constituency Sahel, one of 32 sub-regions in which the Fund is organized worldwide.
The Cape Verdean capital, Praia, welcomed last week a sub-regional meeting, which was attended by all members for the District of GEF Sahel (Cape Verde, Burkina Faso, Gambia, Guinea-Bissau, Mali, Mauritania, Niger, Senegal and Chad), which aimed to prepare the next meeting of the Board of the Fund, to be held in May this year.
The government of Cape Verde will have to submit a distribution plan of the new fund for the three GEF focal areas, namely biodiversity, climate change and land degradation (desertification).
Source: macauhub
