Financing summary
Financing for REDD+ activities in Mexico comes from a range of bilateral, multilateral and domestic sources. Bilateral sources include the Government of Norway (NOK$90 million ~ US$15.4 million), the French Development Agency (MX$2 million ~ US$165,000), the Spanish Agency for International Development Cooperation (EU$40,000 ~ US$55,000) and the United States Agency for International Development. Multilateral resources come mainly from the FCPF (US$3.6 million), the European Union’s Latin America Investment Facility (EU$2 million ~ US$2.8 million), as well as other related investments from UNDP, IDB, IBRD and the GEF. The country is currently exploring other funding alternatives that include the FIP (US$40 million to US$60 million).
CONAFOR has a budget that is disbursed through the Mexican Forest Fund, which is funding and co-financing a number of national REDD+ initiatives. At the sub-national level, many states are also using their own budgets to finance REDD+ related activities. Some projects developed by non-profit organizations are being funded through foundation grants, the private sector and internal budgets. There are also a number of successful environmental trust funds working in the forest sector that could serve as models for future REDD+ funding mechanisms.