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PN-T1233 : Valuing, Protecting and Enhancing Coastal Natural Capital
Project Status: Implementation
The objective of this project is to elevate the importance of Panama's coastal natural capital (mangrove ecosystems and related wetlands), the carbon they sequester , and the biodiversity they support by shifting perceptions on their value and importance through a multi-pronged approach: 1) Delivering robust science that establishes a blue carbon baseline; 2) Establishing economic valuation of the ecosystem services provided by mangroves and related wetlands; 3) Building knowledge, awareness and engagement with key stakeholders to drive action that increases protection of these ecosystems; and 4) Supporting and strengthening policies that will promote mangrove conservation and reforestation.
Project Detail
Project Number
PN-T1233
Approval date
May 27, 2020
Project Country
Panama
Project Sector
ENVIRONMENT AND NATURAL DISASTERS
Project Subsector
COASTAL ZONE MANAGEMENT
Project Type
Technical Cooperation
Project Lending Type
SG
Project Modality
Project Facility Type
Environmental and social impact category
C
Project Status
Implementation
Operation Number
ATN/BB-18013-PN
Financial Information
Project Number
PN-T1233
Project Status
Implementation
IDB Financing
Financing type
TCN
Fund
UK Blue Carbon Fund
Reporting currency
USD - United States Dollar
Reporting date
Mar/30/2023
Roles & Responsibilities
Contract signature date
Sep/18/2020
Project Information
Total Cost
USD 2,966,640
Country counterpart financing
USD 659,232
Amount
USD 2,307,408
Preparation
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