Brazilian Biodiversity Fund

The project will help establish the Brazilian Biodiversity Fund (FUNBIO), to be managed by the Getulio Vargas Foundation, a private non-profit organization. An independent Board, composed of representatives from the private sector, the conservation community, academia and government, has been appointed and will be responsible for FUNBIO operational and investment policy. FUNBIO is a sinking fund with a minimum contribution target of $25 million, to be provided by GEF, the private sector, NGOs, the public sector and research institutions. The fund will provide modest long-term financing for projects consistent with biome-level priorities identified in the MMA-managed workshops in the National Biodiversity Project.