The Congo Basin Blue Fund

The Congo Basin : an African and global issue

  • The Congo Basin is the second largest tropical forest region after the Amazon. It accounts for 10% of the world's biodiversity and is home to more than 10,000 plant species and over half of Africa's animal species, many of which are at risk of extinction.
  • It is organised around the Congo River, which is about 4,700 km long and extends over the Republic of Congo, Cameroon, the Central African Republic, the Democratic Republic of Congo, Angola, Rwanda, Burundi, Tanzania and Zambia.
  • The basin is one of the world's largest carbon reserves and contributes to the global climate balance.
  • The basin is abundant in valuable and natural resources that provide food, water and shelter for over 75 million people. Intensive logging, fires and illegal hunting are accelerating deforestation, threatening the survival of the ecosystem and undermining indigenous populations.

The Blue Fund : a successful African achievement

  • Initiated by the Republic of Congo and the Brazzaville Foundation in 2016 during the COP22 in Marrakech, the Blue Fund came to life in 2017, with the signing of the Memorandum of Understanding in Oyo by 10 engaged countries.
  • The initiative is supported by a governance model based on the primacy of African competence established by the Congo Basin Climate Commission (CBCC), instituted by the Protocol of the 29th April 2018.
  • The CBCC currently consists of 16 member countries: Angola, Burundi, Cameroon, Central African Republic, Republic of Congo, Chad, Democratic Republic of Congo, Gabon, Equatorial Guinea, Kenya, Rwanda, Sao Tome and Principe, South Sudan, Tanzania, Uganda, Zambia and one associate member, the Kingdom of Morocco.
  • Since COP22, the Brazzaville Foundation has provided technical support to the Blue Fund. In particular, it accompanied the member states of the Congo Basin Climate Commission (CBCC) to COP26 from 1 to 12 November 2021 in Glasgow, who came to advocate for the urgent need to preserve the Congo Basin. Its Royal Patron, HRH Prince Michael of Kent, and its founding Chairman, Jean-Yves Ollivier, also a CBCC Goodwill Ambassador, have supported the establishment of this great project since its conception. For more information

 

How does it work?

  • The Blue Fund is based on the principles of green and blue economy. Its objective is to finance national and cooperative projects between riparian countries and those identified in the investment plan.
  • The programmes within the Blue Fund aim to promote the region's climate and economic transition by strengthening technical capacities as well as financial capacities through the mobilisation of private and public funds.
  • The sustainability of environmental and socio-economic solutions, climate adaptation and regional integration of policies have been identified as priority areas for the Blue Fund.
  • The Blue Fund foresees a portfolio of 254 projects divided into 24 sectoral programmes, 75% of which come from the public sector, 23% from NGOs and civil society, and 2% from the private sector.

More information about the creation and the management of the fund