FONDO NACIONAL DE FINANCIAMIENTO FORESTAL

FONAFIFO
	STRATEGIC OBJECTIVES

FONAFIFO is the Forestry Sector's main financial entity (fundraising and investment of national and international financial and technological resources); therefore, it is fundamental to ensure that the institution remains strong financially, physically and operationally, in order to contribute to the development of the forestry sub-sector specifically, and the environmental sector, in general.

Based on the aforementioned, the following strategic objectives have been defined to guide FONAFIFO's actions in the mid-term.

	Position FONAFIFO as an institution specialized in the fundraising and investment of financial and technological resources, both of national and international origin required for the development of Costa Rican Forestry Sector-related activities.
	Provide appropriate training to FONAFIFO's staff for the achievement of its goals and objectives.
	Maintain the information systems up to date, using them effectively and efficiently to simplify the decision-making process.
	Recognize, identify and gain access to national and international mechanisms, initiatives, opportunities and financial instruments for national and international forestry goods and services.

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	Promote the development of national and international markets for the goods and services derived from forestry ecosystems.
	Position FONAFIFO as an institution specialized in the fundraising and investment of financial and technological resources, both of a national and international origin required for the development of the Costa Rican Forestry Sector-related activities.
	Provide appropriate training for FONAFIFO's staff to fully achieve its goals and objectives.
	Recognize, identify and gain access to national and international mechanisms, initiatives, opportunities and financial instruments for national and international forestry goods and services.
	Satisfactorily comply with the commitments acquired with international and national organizations, companies or financial institutions, guaranteeing the correct allocation and implementation of project resources.
	Promote the development of national and international markets for goods and services derived from forestry ecosystems.
	Create appropriate financial and technical support mechanisms.
	Support the reactivation of reforestation and productive projects.
	Adjust interest rates for FONAFIFO’s loans based on the following: type of project, inflation level projected by the Banco Central, management costs so that the Fund’ net-worth is not thereby affected.
	Comply, satisfactorily, with the commitments entered into with international and national financial organizations, companies or entities so that the appropriate allocation and implementation of project resources is secured.
	Define procedures and manuals that allow for fair participation in the projects, regardless of the social, gender or ethnic status.
	Provide environmental services paid in accordance with the policy defined by the Ministry of Environment and Energy and the applicable laws, which shall be based on the prioritization and allocation of resources so that the follow-up of compensated activities is secured, guaranteeing the rendering of environmental services to the society.
	Keep the Forestry Sector informed abut the conditions, availability and requirements related to financing mechanisms.
	Be informed about the socioeconomic conditions of small and medium producers and forestry sector’s producers.
	Adequately participate and use the available resources for the compliance of public and private organizations’ objectives in relation to the institution’s course of action.

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