Restoration: Developing countries are doing it for themselves
Developing countries will end up paying for most of their landscape restoration, says Nigeria’s former finance minister.
Developing countries are already financing the bulk of domestic land restoration efforts and cannot rely on international donors to fill the finance gaps, according to Nigerian economist and former finance minister Ngozi Okonjo-Iweala.
“If we look at where the money for landscape restoration comes from now, according to a study by the New Climate Economic Group, we need $US250 billion a year to restore degraded landscapes for developing countries,” she said.
“We are getting $US25 billion now, about one tenth. But 60 percent of what we get are from the domestic resources of countries themselves.”
In an interview during the 2015 Global Landscapes Forum in Paris, Okonjo-Iweala said that the conversation the international community is having needs to shift from international donors and finance, to how countries can be supported to finance their own restoration.
Read the full article: CIFOR