Financing Mechanisms for Bajo Madidi Municipal Conservation Area

Dates
-
Location
Ixiamas
Region & Country
Status
Completed

Bajo Madidi Conservation and Management Area is a municipal protected area created in 2019 by the Ixiamas municipality, with support from Conservation International and Andes Amazon Fund. The largest municipal protected area in Bolivia, it covers more than 1.5 million hectares and is home to some of the best preserved and pristine forests and savannas in the country. With 70% of the protected area forested and containing six of the most important rivers in the region, securing its long-term protection is critical to both preserving the essential ecosystem services it provides and maintaining the livelihoods of communities who live there. 

In September 2021, CSF began a project to identify and develop financial mechanisms for this protected area. Since the project has a focus on a participatory process that involves the communities inside the protected area, the data collection process was based on one-on-one interviews and workshops with community members, community authorities and municipal authorities. These interviews and workshops were key in getting to truly know the economic activities inside the protected area, essential to inform on the development of the financing mechanisms. Currently, the data collection process has finished and we are developing the financing mechanisms that have the most probabilities of succeeding and generating income for the financial sustainability of the protected area. 

Once we deliver the road map to implement these mechanisms, we hope the protected area will have secure income for years to come, making these mechanisms better with time, and even generating new ones based on this first experience. The ultimate goal is to help Bajo Madidi Municipal Conservation Area to reach financial sustainability in order for it to be able to be independent in its protection needs as well as in its management.

This project is supported by Conservation International Bolivia

Photo: Central American Agouti (jouti colorado)
Photo Credit: Ferdy Timmerman/ Shutterstock.com