This story is part of a series that will run ahead of the third edition of the One Planet Summit which will take place in Nairobi, Kenya, on March 14, 2019. The Summit brings together global leaders, entrepreneurs, international organizations, and civil society, to help accelerate and focus attention on climate investments in line with the Paris Agreement objectives. The Summit will focus on promoting renewable energies, fostering resilience and adaptation and protecting biodiversity in Africa. Follow #OnePlanetSummit for live updates and tune in live on March 14.
The Sustainable production systems and conservation of biodiversity project in Panama is about to be submitted to the Board of Directors for approval. After the expected Board approval, the project will become active and a procurement plan will be published on the World Bank project website. Shortly thereafter, the first procurement notice and actual tenders will be published. The project involves a total of almost $31 million, of which over $8 million is provided by Panama, and over $9.5 million by the GEF.
Below is an excerpt of the Project Identification Document, available here.
The Government of Panama has requested World Bank/GEF assistance in preparing the proposed project to further the conservation efforts undertaken by two earlier MBC projects, and introduce innovation in sustainability options and support for biodiversity mainstreaming. The project will support enhanced corridor integrity and connectivity, and will contribute to preserve the resilience of regional ecosystems to climatic and other external pressures, including preservation of species of conservation concern.