REPUBLIKA.CO.ID, JAKARTA -- The German Development Bank, KfW, provided EUR 23 million grant to support Indonesian government to fund development and implementation of forest and biodiversity conservation in the framework of the national REDD+Strategy in Jambi Province.
According to a press statement from the Embassy of Germany in Jakarta on Thursday, the financing agreement, signed by KfW's Management Board Member Roland Siller, was within the framework of bilateral financial cooperation between Indonesia and Germany.
The funds will be used for investment activities for sustainable forest and biodiversity conservation including forest rehabilitation in order to reduce climate related emissions and improve livelihoods of forest dependent people in and around the Kerinci-Seblat National Park in Jambi.
"Indonesia's forest resources with many varieties of tropical plants and its mega biodiversity values are unique. However, ongoing deforestation and forest degradation are challenges for Indonesia, and the resulting carbon emissions have a significant impact to global climate," said Siller.
"That's why Germany's support to conserving Indonesia's forests is an excellent example for the cooperation in the mutual interest of our both countries," he added.
The national REDD+Strategy project will apply strategic actions and a holistic management approach, combining the
conservation of watersheds and valuable biodiversity with the sustainability of socio-economic development of the local population.
Besides the newly committed project, KfW also provides funding for other initiatives for forest and biodiversity in Sumatera, Kalimantan and Sulawesi.
Since 2007, the aggregate amount made available by the German Government for those activities exceeds EUR 100 million.
The German government made its first commitment on the Financial Cooperation (FC) with Indonesia in 1962 and KfW Office Jakarta was opened in 1998.
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