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Recent News

Regional Water Fund Nearly Finalized
April 2009

Managing watershed conservation on a regional basis

NCI’s Ecuador office has been busy finalizing the documents to create a Regional Water Fund that would manage watershed conservation programs for a three-province region. The fund, called FORAGUA, will likely consist of five municipalities in southern Ecuador, and will be set up as a trust to manage the funds collected by the municipalities through environmental taxes added to citizens’ water bills. These funds will serve as a counterpart to the resources received from local businesses and international cooperation. The trust will initially contain approximately $800,000, and the municipalities will spend $350,000 annually in the protection of water resources and biodiversity. We hope to officially establish the fund in June.

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