A range of funding from domestic, bilateral and multilateral sources supports REDD+ activities in Mexico. Bilateral sources include the Government of Norway(NOK$90 million ~ US$15.4 million), the French Development Agency (MX$2 million ~ US$165,000), theSpanish Agency for International Development Cooperation (EU$40,000 ~ US$55,000) and the United States Agency for International Development (USAID, which has provided US$30 million for the M-REDD Programme.
Multilateral sources are mainly from the Forest Carbon Partnership Facility (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 the United Nations Development Programme(UNDP), the Inter-American Development Bank (IDB), the World Bank’s International Bank for Reconstruction and Development (IBRD) and the Global Environment Facility (GEF). Mexico also has the potential to access US$60 million in grant from the Forest Investment Program (FIP) under the Strategic Climate Fund.
CONAFOR has a budget that is disbursed through the Mexican Forest Fund, which is funding and co-financing a number of national REDD+ initiatives. Government funding for activities under CONAFOR has increased 20 fold in the last decade, however given that forest investments need to be scaled up 30 fold, finding innovative sources of financing remains a challenge (FERNANDEZ-UGLADE 2012, pers. comm., 4 December).