This voluntary initiative came from Global Compact
Formation of the Latin American Water Funds Partnership launched in alliance with The Nature Conservancy, the Inter-American Development Bank (IDB) and the Global Environment Facility.
Nearly 130,000 acres of watersheds conserved.
$1.1 million USD directed to partnership to create, and implement at least 3 Water Funds in Brazil, based on a Payments for Ecosystem Services approach.
Resources devoted to implementation
Financing (in USD)
FEMSA Foundation , The Nature Conservancy
Description/achievement of initiative
Beginning in 2012, FEMSA Foundation commits to help protect upstream water supplies by forming the Latin American Water Funds Partnership.
According to the United Nations, over two-thirds of the global population could face water scarcity in the next 15 years. Water Funds can help turn the tide on clean water shortages around the world.
The Latin American Water Funds Partnership is the world's first initiative to engage the private and public sectors and civil society in this unique watershed conservation strategy, pioneered by The Nature Conservancy.
Video: Latin American Water Funds Partnership