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Available $ 600,000 of the Debt Exchange for Nature United States-Costa Rica

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This Monday, April 20, the 10th call for projects of the First Debt for Nature Exchange United States – Costa Rica began. In total, $ 600,000 (six hundred thousand dollars) is available to finance conservation initiatives, especially those that include direct actions to mitigate COVID-19 impacts on the biodiversity and livelihoods of communities.

“From April 20 to May 11, non-profit organizations may present their proposals to participate for maximum amounts of 25 or 60 million colones, according to the profile of the participating entity,” said Lesbia Sevilla, president of the Supervisory Committee of the I Exchange.

The call focuses on promoting local development through the consolidation of recent and new ventures that aim to facilitate the conservation, protection, restoration and sustainable use of tropical forests in Costa Rica.

“A fundamental requirement is that the projects must be developed in one of the six geographic areas prioritized by the I Exchange: Rincón de la Vieja, Nicoya, Maquenque, Tortuguero, La Amistad and Osa. In addition, they must address some strategic guideline established for this call, “said Seville.

Due to the difficult economic situation generated by the health emergency of COVID-19, the Oversight Committee, in conjunction with the Costa Rica Forever Association (Administrator of the Exchange), will apply an abbreviated process to select the proposals in order that the projects can start their execution next June.

How to take part?

Legally established non-profit organizations with more than two years of experience in environmental, forest, conservation, indigenous peoples and sustainable development projects can participate by the funds, as a donation, consulting the guidelines and requirements on page www. primercanjedeuda.org/convocatoria.

Some of the strategic lines in which the proposals should be framed are:

  • 496/5000Support livelihoods of populations living in and near forested areas.
  • Increase connectivity between tropical forests and promote their restoration.
  • Promote green business linkages that support the conservation of biodiversity.
  • Support the efforts of conservation of species outside their habitat, related to the conservation of biodiversity and improvement of livelihoods of communities.
  • Investigate threatened flora and fauna species.

About the I Exchange

A debt-for-nature swap consists of a mechanism whereby, through an agreement, a developing country (in this case, Costa Rica), which has a debt with another country (in this case, the United States) ), undertakes to create a local currency fund to finance projects that help conserve its tropical forests, in exchange for the cancellation of part of this debt.

The total amount of the I Debt for Nature Swap USA – C.R., signed in 2007 and administered since 2017 by the Costa Rica Forever Association, is $ 26,075,942. Its main objective is to facilitate the conservation, protection, restoration and sustainable use of the tropical forests of Costa Rica, in six prioritized geographic areas: Osa, La Amistad, Tortuguero, Maquenque, Northeast Area of Rincón de la Vieja and Nicoya.

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