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The Foundation for Biodiversity Conservation (Biofund) is to double its budget support for conservation and environmental protection areas in Mozambique from the current US$4.6 million to US$8.4 million.
“The Board of Directors of the Biodiversity Conservation Foundation (Biofund) has approved a doubling of the institution’s budget for 2020,” a statement from the private financial institution says.
The institution calls this is a “significant growth”, considering that it has disbursed about US$3 million helping strengthen monitoring capacity in conservation areas.
Biofund management have discussed their 2020 business plan, with the accent on “the growing awareness of protection of marine areas in the context of climate change”, the statement reveals.
“The coming year will be marked by the entry of new donors, such as the European Union, the solidification of innovative financing mechanisms and the implementation of a structuring program which aims to strengthen the capacities and skills of professionals from the National Conservation Areas in Mozambique,” Biofund CEO Luís Bernardo Honwana said.
Biofund, a Mozambican private fund, promotes sustainable financing for biodiversity conservation, focusing on the national network of conservation areas.
Of the total budget, about US$5.6 million will go to support conservation and environmental protection areas, especially those areas affected by cyclones Idai and Kenneth.
In March, Cyclone Idai affected about 1.5 million people in central Mozambique, killing 604 and destroying infrastructure. The following month, Cyclone Kenneth struck the north of the country, killing 45.Source: Lusa
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