The German Government, through its Federal Ministry for Economic Cooperation and Development (BMZ) and the KfW Development Bank (KfW), has contributed another €5 million to PONT’s core endowment fund.
A signing ceremony was held on 15th November in the KfW offices in Frankfurt. A memorandum confirming KfW’s latest contribution was signed by Thomas Eisenbach, Head of Division; Frank Mörschel, Senior Project Manager at KfW; and PONT’s Executive Director, Mirjam de Koning.
KfW’s latest contribution is another welcome and much-needed investment in nature protection and sustainable financing for Protected Areas and Environmental Actors in the Wider Prespa Area. Since the establishment of PONT, KfW has contributed a total of €14.6 million to the endowment. These funds are invested by PONT to yield long-term returns and extend the life of its funding mechanism.
The Wider Prespa Region covers parts of Albania, the Former Yugoslav Republic of Macedonia, and Greece. The transboundary area houses five …
04 January 2017, Frankfurt am Main Prespa-Ohrid Nature Trust (PONT) is pleased to announce that Mirjam de Koning has been named as …