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.
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.