Côte d’Ivoire's forests get a financial boost
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The Côte d’Ivoire has only two million hectares of forest – nearly 90% less than in the early 1960s. 80% of its forests vanished in 50 years, but Ivorian forest cover has slowly risen to about 12 million ha in 1970 and 4 million in 2000, according to the Director of Cabinet of the Ministry of the Environment. To stop deforestation and forest degradation, a loan and grant agreement for FCFA 7.5 billion (that’s about 11.4 million euros) was signed in February 2018 between the Ivorian Minister of Economy and Trade and the Director of Operations of the World Bank for Côte d'Ivoire in favour of the Forest Investment Program (FIP). The 5-year project will support the sustainable management of classified forests and the monitoring capacity of Taï National Park. Communities depending on it will be involved, and there will be incentive mechanisms to generate other forms of income to reduce human impact on the area. |
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