According to the R-PP, the construction of Cameroon’s national REDD+ strategy requires 29 million US dollars, and 60 million US dollars for the establishment of pilot projects throughout its five agro-ecological zones. Cameroon must continue fund-raising amongst existing and new financial and technical partners to secure this funding.
The Forest and Environmental Sector Program’s basket fund recently approved a grant of 1.8 billion F CFA (3.7 million US dollar) to fund a programme that supports the REDD+ Technical Secretariat. The FCPF process experienced difficulties regarding the disbursement of the Readiness Preparation Proposal (R-PP) preparation grant. Thus, the drafting of the R-PP was also developed with the technical and financial support of the International Union for Conservation of Nature, the GIZ and other donors and development partners.
The majority of finance for REDD in Cameroon has been delivered through bilateral or multilateral channels for the support of specific projects. The sources of finance are fragmented and have come from a range of developed country governments (e.g. DANIDA, KfW, GIZ, EU, DFID), multilateral organisations (e.g. Global Environment Facility) and NGOs. Cameroon is also engaged in the World Bank Forest Carbon Partnership Facility (FCPF) programme. Its R-PP was validated by the World Bank, and the country will soon receive USD 3.6 million from the FCPF for the implementation of its R-PP.