- Submitted by: Ecuador
- Topic: Green economy in the context of sustainable development and poverty eradication
- Location: quito
- Date of completion: 2000
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- This voluntary initiative came from Green economy policies, practices and initiatives
Fund for the Protection of Water (FONAG)
Description/achievement of initiativeThe Fund for the Protection of Water -FONAG- is a private mercantile trust which has operated since January 2000 and is regulated by the Securities Market Law.
The trust is an economic financial mechanism, permanent and stable, which uses the yields of its equity to co-finance activities and conservation projects, as well as maintenance of hydrographic basins that provide water to fulfill human and productive needs of the Quito Metropolitan District, and its areas of influence.