US$16.8 million in new funds for tropical forests

2010-12-18

The incoming 2011 ITTC Chair Joachim Bile Allogho (Gabon) congratulates the outgoing Chair Daniel Birchmeier (Switzerland) on the successful closing of the 2010 ITTC Council Session. Photo: K. Sato/ITTO

The International Tropical Timber Council (ITTC) announced, on Saturday 18th of December, at the closing of its Forty-sixth Session additional funding of US$16.8 million towards the conservation and sustainable management, use and trade of tropical forest resources, including $4.5 million for the implementation of its pilot thematic programme on Reducing Deforestation and Forest Degradation and Enhancing Environmental Services in Tropical Forests (REDDES) and US$12.3 million for other thematic programmes, new projects and activities.