PROJECT: Rwanda – National Climate and Environment Fund (FONERWA)
Project Reference: TAAF-0033
The Government of Rwanda has become one of a few nations across the world who have developed a national climate change and environment fund. The national climate change and environment fund is built on the newly adopted Green Growth and Climate Resilience Strategy. The purpose of the fund is to ensure sustainable financing is accessible to support environmental sustainability, resilience to climate change and green growth.
The fund, named FONERWA, will be the primary mechanism through which Rwanda accesses, programmes, disburses and monitors international and national extra-budgetary climate and environment finance. Funds will be distributed to Government, private sector, civil society and communities to implement a range of projects.
CDKN supported the six-month design phase, which was undertaken by a Rwandan-based team from the University of Wolverhampton’s Centre for International Development and Training. The design phase for FONERWA including the Terms of Reference for its establishment and operation was completed. A Fund Management Team was subsequently appointed and early work to operationalize the fund began in close collaboration with Rwanda Environment Management Authority (REMA), the Rwanda Development Bank and the Ministry of Finance. The fund began operating in early 2013.
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CDKN funding: £325,000
The image is courtesy of Jillian Dyszynski.