Forest Investment Program (Indonesia)
The Forest Investment Program has provided $225,000 to synthesize existing analytical work and baseline data by ministries, development partners, NGOs, academia and others to assess REDD+ benefits and GHG mitigation potential through improved forest and land management. The program will also contribute to the identification of possible REDD+ investment opportunities, as well as build consensus among stakeholders for the preparation and implementation of the FIP Forest Investment Strategy.
Indonesia has been selected as a pilot country of the Forest Investment Program (FIP), which is a targeted program of the Strategic Climate Fund (SCF), one of two funds under the Climate Investment Funds (CIF). The Ministry of Finance (MOF) of the Government of Indonesia (GOI) welcomed Indonesia’s selection as a FIP pilot country in its letter of 11 June 2010 to the CIF Administrative Unit. The Multilateral Development Banks (MDBs) – Asian Development Bank (ADB), the International Bank for Reconstruction and Development (IBRD) and the International Finance Corporation (IFC) – serve as partners to GOI under the terms of CIF in programming FIP resources and assisting with design and implementation of projects supported by FIP funds.
Stakeholder engagement and participation
The FIP acknowledges the need to consult stakeholders and build consensus across sectors and actors, such as government, private sector, forest-based communities, civil society, and development agencies. This program will include at least three stakeholder consultation workshops, along with other outreach activities.