The sixth Finance and Investment Committee meeting and first for the year 2021 of Bhutan for Life Fund was held virtually on 210121. The meeting discussed on the status of funds released and expenditures reported in 2020, fund requirements for 2021 from different sources and the investment and safeguarding the BFL fund during the pandemic. The Finance and Investment Committee of BFL Fund consist of members from the BFL Board of Trustees representing International Private Donors and Ministry of Finance, International Bankers and Finance Experts from
Bhutan for Life Fund Secretariat organised a half day meeting today (11 December 2020) on Innovative Financing to source long-term sustainable financing for Protected Area Network after Bhutan for Life Fund exit at the end of 14th year. BFL has 𝟒 𝐆𝐎𝐀𝐋𝐒 , 𝟏𝟔 𝐌𝐈𝐋𝐄𝐒𝐓𝐎𝐍𝐄𝐒 and 𝟖1 𝐀𝐂𝐓𝐈𝐕𝐈𝐓𝐈𝐄𝐒 within the project landscape. The meeting discussed on the LEAD AGENCY and TASK FORCE from all the relevant agencies to spearhead in operationalising the milestone sixteen on development and implementation of new sustainable financing
Initiative positions Bhutan as a leader in the global fight against climate change THIMPHU, BHUTAN: The Royal Government of Bhutan, World Wildlife Fund (WWF), donors and partners from around the world today announced their commitment to create a USD $43 million fund—the first of its kind in Asia—to permanently protect Bhutan’s network of protected areas. This funding will be combined with USD $75 million from the Bhutan government, which will be contributed over a 14-year period, to support a new program called
The Green Climate Fund (GCF) concluded its last Board meeting of 2017 by approving 11 new projects and programmes valued at USD 392.86 million to assist developing countries respond to climate change. One of the projects was Bhutan for Life Project as follows:FP050 – USD 26.56 million for the Bhutan for Life project in Bhutan with the World Wildlife Fund (WWF).The 18th meeting of the Board (B.18) approved funding for 11 climate finance initiatives during a three-day meeting in the