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♤ Administered by Brazilian Development Bank (BNDES)
♤ Area of focus - Mitigation - REDD
♤ Date operational - 2009
The Amazon Fund was created to raise donations so that investments can be made in efforts to prevent, monitor and combat deforestation, as well as to promote the conservation and sustainable use of forests in the Amazon Biome.
Although the Amazon Fund was created by the government and is managed by a public bank, it is a private fund.
Do you know?
A senior official of the Bangladesh Forest Department has said that the Farakka barrage constructed on the Indian part of the Ganga in 1975 has contributed in large measure to the decline of gharial population in the Padma river in Bangladesh. This was on account of the silting up of the river and the consequent destruction of
gharial habitat. Fishing nets, riverbank erosion, sand mining from rivers, water pollution, scarcity of fish species and poor water flow in rivers are believed to be among the major threats to gharials.