US$9 million in new funds for tropical forests
Six year action plan approved; 9 new projects launched

The International Tropical Timber Council (ITTC) announced today at the closing of its Forty-eighth Session additional funding of US$9 million towards the sustainable management and trade of tropical forest resources, including $3.6 million for the implementation of activities from a new work program for 2013-14. Funding announced at the Session included $6 million in new pledges as well as those made earlier in 2012.