The Environmental Services Payments Program (ESPP) is a financial mechanism implemented by the State, through FONAFIFO, to compensate owners of forests and forest plantations for the environmental services that these provide, which directly contribute to the protection and improvement of the environment...
Loans, offered under appropriate conditions, play a very important role in promoting the well being of small and medium-sized producers of forest goods and services. FONAFIFO's mission is to support successful projects offering terms, conditions and interest rates adapted to the country's forestry situation.The Fund therefore constitutes a real alternative for the financing...
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OTHER INVESTMENT OPTIONS
FONAFIFO has developed a second innovative option to obtain economic resources from the private sector, institutions, and friendly Governments for environmental protection and reforestation, mainly in watersheds that generate important water resources for human consumption and hydroelectric generation, as well as for the protection of regions with large biodiversity.

Such instruments consist of entering into agreements; through these agreements, the private sector, institutions, or friendly Governments contribute certain amounts of money, complemented by funds from FONAFIFO's programs, in order to execute the Environmental Services Payments under ESP in a particular region. These agreements are described as follows:

Agreements

Local agreements

 

 

 
The following table shows the voluntary agreements signed by FONAFIFO with private corporations and international organizations for the production of environmental services for the period 1997-2002:
 
LOCALS
   
Region of interest
Options to be promoted
Amount agreed upon for ES US$/he/year
Total area under the Agreement (hectares)
Agreement estimated amount (in US$ million)
 
Global power
Rio Volcan watershed
Protection


Reforestation


Management
10
2.493
0,053
San Fernando River watershed
10
1.818
   Hifroeléctrica
Platanar 		Platanar River Watershed Protection Reforestation Management
15/30 1.400
-
  Compañía Nacional de Fuerza y Luz Aranjuez River Watershed  Protection 40 5.000 5,188
40 6.000
Balsa River Watershed    
Balsa River watershed 40 900
  Hidroelectrica Agua Zarcas Cuenca Río Agua Zarcas d  Protection 30 1.666 262,400
Instituto Costarricense de Electricidad (ICE) Cuenca Río Peñas Blancas Protection 160 2045 327,200
Reforestation 408 118 48,144
SAF 0.65 (arb) 50000 (arb) 32,500

A
G
R
E
E
M
E
N
T
S
 
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International agreements

 

 

 
 
INTERNATIONALS
   
Region of interest
Options to be promoted
Amount agreed upon for ES US$/he/year
TTotal area under the Agreement (hectares)
Agreement estimated amount (in US$ million)
 
Norway’s government
Virilla River watershed
Reforestation Protection
-
-
2.,0
    Global Environmental Facility Mesoamerican Biological Corridor Protection
 10 100.000
5.0
  KFW (German Bank) Huetar Norte region   Forest Management Reforestation Protection 70% of what is paid by FONAFIFO 42.713
10.0

A
G
R
E
E
M
E
N
T
S
 
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