| Project Detail |
Central America has unparalleled natural wealth which offers the opportunity to produce inclusive wealth based on biodiversity. In this context, the public and private sectors are increasingly investing in promoting sustainable forest management. However, the region needs to overcome specific bottlenecks that prevent the sustainable use of its resources and the main obstacle, related to sustainable forest management, still needs to be improved.
In 2022, the Luxembourg Ministry of Foreign and European Affairs (MAEE) adopted a new regional strategy for Central America which aims to support regional development objectives, with a focus on the socio-economic integration of women and youth, climate resilience and environmental sustainability, as well as social cohesion and human rights.
In this context, the MAEE entrusted LuxDev with the implementation of a project, “Support for sustainable forest management”, aimed at strengthening forest value chains and the recovery of degraded forests in Central America. Thus, in addition to the aforementioned strategy, the project also takes into account the financial inclusion strategy and the environment and climate change strategy of the MAEE.
The project includes three main axes:
axis 1 - technical assistance to the Forestry and Climate Change Fund (FFCC);
axis 2 - support for the value chains of wood and non-wood products;
axis 3 - strengthening social inclusion.
The overall objective of the project is to reduce deforestation rates in degraded and secondary forests, strengthening sustainable value chains that contribute to overall rural development, the quality of life of local communities and the resilience of ecosystems.
Axis 1 aims to help the FFCC increase its reach and profitability in line with its theory of change, with the main objective of reducing deforestation rates in degraded and secondary forests.
Axes 2 and 3 extend this support to forest communities and organizations to ensure inclusive and sustainable economic development in Costa Rica, focusing on the development of wood and wood value chains, as well as inclusion social status of women and young people. |
