Financing summary
The majority of finance for REDD in Cameroon has been delivered through bilateral or multilateral channels for the support of specific projects. The sources of finance are fragmented and have come from a range of developed country governments (e.g. DANIDA, KfW, GTZ, EU, DFID), multilateral organisation (e.g. Global Environment Facility) and NGOs. Cameroon is also engaged in the World Bank Forest Carbon Partnership Facility (FCPF) programme. It successfully submitted its R-PIN to the FCPF in July 2008 and after a year of discussion with the World Bank, Cameroon received a grant in November 2010 of USD 200,000 for the elaboration of its Readiness Preparation Plan (R-PP). Once the R-PP has been submitted and accepted by the FCPF, Cameroon will be eligible to a further USD 3.4 million for the implementation of its R-PP. At the national level Cameroon has a financial mechanism to support forest conservation. Articles 67 and 68 of the 1994 Forestry Law establish the Annual Forest Fee (AFF), which allocates a portion of finance from forest concessions to riparian populations. Circular No. 370/LC/MINEF/CAB of 22 February 1996 introduces a tax of 1000 FCFA per cubic metre of wood leaving the logging site of a vente de coupe, which is paid to riparian communities for social welfare purposes.