The trust fund provides reliable recurrent funding for the establishment and management of a national system of protected areas, and development of the institutional and human resource capacities needed to manage the national system. This project is testing the feasibility of a trust fund mechanism for providing long-term, sustainable finance for biological conservation programs in the protected areas.
Project Details
GEF Project ID
542
Country
Bhutan
Implementing Agencies
The World Bank
Approval FY
Status
Completed
Region
Asia
Executing Agencies
Forestry Department, Nature Conservation Division
GEF Period
Pilot Phase
Project Type
Full-size Project
Focal Areas
Funding Source
GEF Trust Fund
Financials
USDCo-financing Total
2,000,000
GEF Project Grant
10,000,000
Timeline
Concept Approved
Project Approved for Implementation
Project Closed