Letter from the Green Climate Fund Secretariat provides an update on the status of evaluation of Brazil's proposal
The Secretary of Foreign Affairs Marcelo de Moura Estevão Filho, Ministry of Finance, received on December 17, 2018, a letter from the Secretariat of the Green Climate Fund (GCF) to inform him about the evaluation process of Brazil's proposal for the GCF Results-Based Payments Pilot Program. The document acknowledges Brazil's efforts to reduce deforestation, as well as the contribution from Brazilian experts throughout the preparation of the pilot programme. The processes is following the steps established for the evaluation of finance proposals sent to the GCF. Following an evaluation by the Independent Technical Advisory Panel (iTAP) in December 2018, a round of clarifications from the United Nations Development Program (UNDP) is expected to follow in the beginning of January 2019.
The Ministry of Environment has worked for nealy one year to prepare and submit the proposal to access resources from GCF. The Floresta+ project articulate an important part of Brazil's efforts and commitment to achieve continued reduction of deforestation. In line with the approaches already taken in the action plans to combat deforestation, the project also seeks to promote innovation, to provide incentives to rural landholders who adopt more sustainable production practices and to prioritize key stakeholders in the distribution of benefits from REDD+ results-based payments.