On 3rd December 2019 at the COP25 in Madrid, Innpact and EY presented the design of the Congo Basin Blue Fund initiative in a side event organised by the Congo Basin Climate Commission. The Blue Fund is a financial mechanism promoted and invested by 16 Central African countries in view of preserving the biodiversity of the Congo Basin region, the second largest rainforest of the world.
During this event, his excellency Mr Denis Sassou N’guesso, President of the Republic of Congo and Chairperson of the Congo Basin Climate Commission, presented the key characteristics of the Blue Fund in front of more than one hundred attendees including international donors.
The Blue Fund aims at mobilizing the necessary resources, from African States, public and private funders, to finance the implementation of programs and projects which contribute to the sustainable development and the promotion of the Blue Economy in the Congo Basin region.
In collaboration with EY, Innpact is providing its support to the Congo Basin Climate Commission in the pre-feasibility study of the Blue Fund including analysis of the legal structure, governance and management model of this financial mechanism.