200 trees donated by CABEI will reforest rural area in Costa Rica
The Bank joins the "Footprint of the Future" initiative, which foresees the planting of 200,000 trees over the next five years.
San José, November 24, 2021 - A total of 200 trees of eight different species donated by the Central American Bank for Economic Integration (CABEI) will reforest the entrance to Fortuna de San Carlos, in northern Costa Rica.
The donation, equivalent to US$3,000, is part of the Footprint of the Future initiative, which aims to plant 200,000 endemic, flowering, fruit and timber trees in the area over the next five years with inter-institutional efforts between the Costa Rican government, the Environmental Bank Foundation (FUNBAM), the Biodiversity Finance Initiative (BIOFIN) of the United Nations Development Program (UNDP) and strategic public and private partners.
"As part of CABEI's Environmental and Social Policy, we are very pleased to make a contribution to this important project that will bring so many benefits to the environment and the community through the generation of jobs over the next few years," said CABEI Country Chief Officer for Costa Rica, Mauricio Chacón, during a planting activity on Tuesday.
The executing unit responsible for planting and maintaining the initiative in the short and long term will be the Asociación Amigos de un millón de árboles, an organization made up mostly of women, which expects to generate about 31 jobs.
Tree planting and habitat enrichment guarantee the conservation of fauna and flora, help conserve water sources and land stability, produce oxygen, purify the air, form fertile soils, prevent erosion, among many other benefits, contributing to Costa Rica's goal of increasing its forest cover by 60% by 2030.