Nicaragua invests US$ 110 million in reafforestation
News from Nicaragua | Sunday, 17 November 2019 |
The largest tropical rainforest in the Americas after the Amazon is the two million hectare Bosawás Biosphere Reserve in northern eastern Nicaragua.
The Reserve is home to some 135,000 inhabitants including 35,000 indigenous Miskito and Sumo people.
It is also extremely rich in biodiversity with 150,000 insect species, rare jaguars, eagles and crocodiles as well as the world’s last populations of Baird’s Tapir and the Central American Spider Monkey.
In a landmark 2007 decision the Nicaraguan government recognised the full legal title of the indigenous people to land that has been demarcated and titled as communal lands.
However, the deforestation of the Bosawas has accelerated significantly over the past two decades as a result of illegal logging, and the movement of settlers from the Pacific Coast of Nicaragua into the region.
On 8 October, the Nicaragua Environment Ministry (MARENA) announced a US110m investment to address the problem of deforestation and degradation of the country’s forests including the Bosawas.
This will cover climate change adaptation measures, forest management, and education programmes.
The financing will come partly from the UN Green Climate Fund https://www.greenclimate.fund/home and partly from the Nicaraguan government budget.