Original disclosure @ WB website
Updated in EWS Apr 1, 2020
Disclosed by Bank Mar 12, 2020
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The objective of the proposed carbon finance transaction is to reduce environmental degradation and carbon emissions through incentive payments for actions that result in reduced deforestation and land degradation in the Caribbean Coast, the BOSAWAS Forest Biosphere, and the Indio Maíz Biological Forest Reserve regions of Nicaragua, through verified emission reductions (ER) transparently distributed among relevant stakeholders according to a benefit sharing plan.
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