World Bank selected to continue leadership of DGM Global
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Contributed by: World Bank
Celebrating a decade of impactful initiatives, the Climate Investment Funds' Dedicated Grant Mechanism (DGM), under the Forest Investment Program (FIP), has directed over $70 million towards empowering Indigenous Peoples and Local Communities (IPLCs) in 12 countries. This effort has focused on fostering sustainable natural resource management, restoring land access, and combating climate change through the application of local and traditional knowledge. The World Bank has been at the forefront of implementing the FIP DGM country and global coordination projects, ensuring that funding directly reaches communities. An integral aspect of this success lies in a unique governance model conceived and managed by IPLCs, reflecting a commitment to local empowerment and community-driven approaches.
Looking towards the future, we are pleased to announce that the World Bank has been selected to continue managing DGM Global under the Nature, People, and Climate (NPC) program with an allocation of US$5 million under the DGM’s new financing window. This financial commitment will support IPLCs in advancing climate action in countries* selected as part of the NPC program. This funding will be instrumental in coordinating the implementation of the DGM country projects and facilitating knowledge exchange among participating countries. This decision underscores the success of the FIP DGM Global in accumulating knowledge, fostering collaboration among DGM countries, and promoting the exchange of valuable lessons learned.
The Dedicated Grant Mechanism (DGM) for Indigenous Peoples and Local Communities is a global initiative that supports the full and effective participation of Indigenous Peoples and Local Communities in the international effort to reduce greenhouse gas emissions from deforestation and forest degradation and promote sustainable forest management and forest carbon stocks (REDD+). IPLCs are among the forest’s most important stewards.