Countries Agree on Forest Aid Guidelines

Developed and developing countries have agreed on a framework to unlocking financing for forest conservation projects in poor countries. Photo by: Pilgrim On Wheels / CC BY-SA 2.0 Pilgrim On WheelsCC BY-SA 2.0

Developed and developing countries have agreed on a framework  to unlocking financing for forest conservation projects in poor countries.

The non-binding agreement, according to Reuters, was reached by representatives of 52 countries that attended the Oslo Climate Forest Conference held May 27 in Norway. It outlines how aid from rich countries will be funneled to the developing world as well as identifies measures and standards to ensure that forest aid is channeled based on results.

In the same conference, Indonesia announced it will impose a two-year moratorium on natural forest-clearing activities, according to The New York Times. Indonesia’s commitment is part the country’s bilateral deal with Norway, which for its part agreed to give USD1 billion to help the country reduce its annual carbon emissions.

About the author

  • Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.