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.
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