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Promise of collective financing for the Congo Basin - Report 2023

This is the third Annual Progress Report on the Congo Basin Pledge, providing an update on donor spending over the period from January to December 2023.

This follows the previous reports published at COP27 in Sharm el-Sheikh and COP28 in Dubai, where Congo Basin Pledge donors reported what they had collectively provided since COP26 in Glasgow.

Lors de la COP26 à Glasgow (2021), douze donateurs se sont engagés à une promesse collective pour le Bassin du Congo d'au moins 1,5 milliard de dollars de financement entre 2021 et 2025.

At COP26 in Glasgow (2021) twelve donors committed to a collective Congo Basin pledge of at least US$1.5 billion of financing between 2021 and 2025.

It recognises the critical contribution Central Africa’s Congo Basin, the world’s second largest tropical rainforest region, makes to global climate change mitigation and the livelihoods of local communities. The Pledge would support ambitious efforts to protect and maintain the Congo Basin’s forests, peatlands and other critical global carbon stores.

The twelve donors, who are also members of the CBFP Donor College, are Belgium, Bezos Earth Fund, European Union, France, Germany, Japan, Republic of Korea, Netherlands, Norway, Sweden, United Kingdom and the United States of America.

Though each donor is responsible for delivering and monitoring their own contribution to the Pledge, donors will report annually on their collective progress towards the Pledge.

Over the course of 2023, the third year of the pledge, the 12 donors have collectively spent US$735,941,444 towards the Congo Basin Pledge. Taking donors’ contributions in 2021 and 2022 into account, this means that US$1,798,593,469 has been spent towards the Congo Basin Pledge since it was made at COP26.

 

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