September 29, 2015
Recognising the multiple ecosystem goods and services provided by the Central Africa forest - the world’s second biggest tropical rainforest - in particular its contribution to climate change mitigation, biodiversity preservation and sustainable development, and the vital role these forests play for livelihoods of forest-dependent peoples and communities;
Acknowledging that the pressure on this forest is increasing, that reforms to orientate Central African economies towards a low emission sustainable development path need to be strengthened, and that efforts to save this forest are often dispersed, non-coordinated and underfinanced;
Underlining that the drivers of deforestation in the region are multifaceted, both direct and indirect, and often related to weak governance and law enforcement, inadequate land use planning, insecure tenure rights for peoples and local communities, poverty, demographic pressure and food and income insecurity, and that measures to tackle deforestation will have to address these underlying causes in a manner that will allow the countries in the region to develop and prosper, while sustainably managing their natural resource base;
Recognising the progress made by Central African countries in establishing enabling conditions, ambitious policies and new institutional mechanisms to fight illegal logging, reduce deforestation and forest degradation, and implement low carbon development strategies – as well as a growing global trend for private sector commitments to move towards deforestation-free commodity supply chains;
Recalling that, in accordance with the Cancun Agreements, scaled-up, new and additional, predictable and adequate funding shall be provided to developing countries;
Acknowledging the financial constraints of Central African countries, as well as the limitations of existing multilateral initiatives to target upfront investment support necessary to implement essential reforms and address deforestation drivers in Central Africa.
On this basis, Central African countries with high rainforest forest cover (above 20 000 km2) and a coalition of dedicated donors have decided to enter into
Through the Central African Forest Initiative, donors commit to ensuring better coordination and harmonisation among themselves and to mobilising resources for the implementation of national investment frameworks developed by Central Africa countries. Parts of the donor support will be channelled through a distinct financing mechanism managed by the UN Multi-Partner Trust Fund Office. Complementary contributions through other channels will also be encouraged. The Initiative will be open to public and private donors.
High-forest cover partner countries in Central Africa that choose to join the Initiative commit to developing and implementing national investment frameworks to drive national reforms and carry out various multi-sectorial programs aimed at
CAFI encourages and is open to
The Initiative has an initial capitalisation target of minimum USD 500 million over the 2015-2025 lifetime of the Initiative. The possibility of seeking co-finance from other sources, including the Green Climate Fund, to national investment programmes through
The Initiative will finance one national investment framework per eligible country upon request of the national government at the highest level and based on a strong commitment to reforms that address the drivers of deforestation and forest degradation. The Initiative will take a performance-based approach with disbursements based on agreed targets.
Upon approval of a financial allocation to such a national investment framework, a Letter of Intent agreed upon between the partner country and the donors under the Initiative will specify the mutual commitments relating to these investments. Due to the cross-sectorial character of such investments, a high-level inter-ministerial task force under the lead of a cross-sectorial ministry or government body in charge of finance coordination and reforms will oversee the implementation of the programs.
Signed by :