Amazon Fund (Fundo Amazônia)
The Amazon Fund was created to raise donations so that investments can be made in efforts to prevent, monitor and combat deforestation, as well as to promote the conservation and sustainable use of forests in the Amazon Biome. Although the Amazon Fund was created by the Brazilian government and is managed by a public bank, it is a private fund. Activities supported include management of public forests and protected areas, environmental control, monitoring and inspection, sustainable forest managments, recovery of deforested areas, along with other activities. Eligible applicants include a variety of entities including government agencies, research institutions and civil society organizations.
Once a preliminary application is submitted, it will go through an analysis for approval to determine if the project aligns with operating policies and risk parameters. An operational analysis will then be conducted to review all details of a project proposal. If the project is approved by the Executive Board, funds will be released on the condition that it is monitored through the implementation process.
A thorough explanation of these procedures may be found here.
The Norwegian commitment established annual donations until 2015, totaling USD 1 billion. In December 2010, the Amazon Fund received its second donation, from the government of Germany, through its Development Bank (KfW), which has committed to contributing USD 27.8 million.