Peru Gains GEF Grant for Biodiversity Protection

The World Bank is drawing USD8.89 million from the Global Environment Facility to help preserve Peru’s biodiversity. The project specifically aims to expand and consolidate the country’s protected areas.

The project will also help execute the financial strategy of Peru’s National State Protected Natural Areas System, through identifying private-sector entities that can participate in managing protected areas and implementing mechanisms contemplated under the Protected Areas Law.

The project has also won USD8.22 million worth of grants from Germany’s KfW Entwicklungsbank, USD3 million in private-sector funding and USD0.59 million from the Peruvian government.

About the author

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    Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.