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It should be noted here that the FIE is not an executing structure. It does not implement direct environmental actions and does not manage projects or programs. In accordance with its missions, the Fund may play a role in the execution of major financing projects. Major current projects are:
- PADA / REDD-plus
The FIE is involved in the implementation of the Cashew Development Support Project in the Comoé Basin for Reducing Emissions from Deforestation and Forest Degradation (PADA / REDD +).
Approximately 6 446 170 000 F. CFA is the estimated cost of the project whose development objective is to contribute to the reduction of rural poverty and the increase of carbon sequestration capacity. The funding mechanism is based on three instruments. The Support Fund in the form of grants, which will be used to help small structures for plantations under agroforestry. The management of this fund is entrusted to the FIE, which will be in charge of examining the application files for support. The bodies set up within the FIE will be used for the reception, analysis and approval of applications submitted to the project. A credit line will be set up to finance investments and working capital by cashew farmers, processors and traders in the PADA / REDD + intervention zone covering the Cascades and Haut Bassins regions. and Southwest. The credit line mechanism will involve a technical evaluation structure at the FIE level. The launch of calls for projects for the selection of promoters took place in May 2018.
- PDIC / REDD +
The FIE collaborates with the Forest Investment Program (PIF) for the implementation of Integrated Municipal Development Programs (PDIC) in thirty-two (32) communes located in five (05) administrative regions [1] of the country according to the three axes: integration of Vocation Schemas of Spaces into Institutional Tools for Communal Development (i); securing rights of use in and around forests and woodlands (ii) and making municipal investments, proposed by the local actors themselves, having a positive impact on carbon storage or making it easier to implement concretely and respect for the vocation patterns of spaces (iii).
The CIDPs are planned to take place over 2 years and will be broken down into a set of diversified but coherent and integrated activities whose implementation will contribute effectively to REDD +.
As part of the implementation of the PDIC / REDD +, a mission is assigned to the Environmental Response Fund. This mission aims at enabling fiduciary facilitation through two roles: ensuring financial intermediation between the BIP and the 32 intervention communes; monitor compliance with administrative, accounting and financial and procurement procedures. To do this, the FIE has signed an agreement with the PIF. The cost of the intervention is estimated at about CFAF 4.8 billion.
- MANAGEMENT OF THE REHABILITATION FUNDS OF MINING SITES
According to the mining code, the FIE is the structure that will be responsible for managing the contributions made by mining companies for the rehabilitation of sites at the end of their operation. The FIE is working to acquire additional regulatory bases for the management of these funds and their transfer into its accounts.
- ACCREDITATION TO THE GREEN FUND FOR CLIMATE
The FIE is currently exchanging with the Global Institute for Green Growth, in English Global Green Growth Institute (GGGI). The international institution wishes to support the FIE towards access to innovative financing with a focus on FIE accreditation to the Green Climate Fund. In this perspective, the FIE has been designated by the Government as the national entity to be accredited.
