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Reading: UNDP managed about Seventy Million USD of Funds in the FBiH
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Sarajevo Times > Blog > POLITICS > UNDP managed about Seventy Million USD of Funds in the FBiH
POLITICS

UNDP managed about Seventy Million USD of Funds in the FBiH

Published: December 2, 2022
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Resident Representative of the United Nations Development Program (UNDP) in Bosnia and Herzegovina, Steliana Nedera, and Director of the Environmental Protection Fund of the Federation of Bosnia and Herzegovina, Esad Humo, signed a Memorandum of Cooperation in Sarajevo, which provides a framework for stronger future cooperation between UNDP and the Fund in the field of environmental protection, sustainable waste management, increasing energy efficiency and the use of renewable energy sources.

Resident representative of UNDP Steliana Nedera stated that in the last four years, UNDP managed about 70 million USD of funds in the Federation of Bosnia and Herzegovina through various projects, of which about 20 million USD of combined funds were directed to energy efficiency measures and renewable energy sources.

“Our future cooperation with environmental protection funds in BiH is very important so that we can increase the measures and mechanisms for introducing positive changes in more households, for more individuals and in more local communities. Therefore, I am very pleased that today we signed this Memorandum of Cooperation, which confirms our long-term partnership and readiness to continue working together,” said Nedera on that occasion.

The director of the FBiH Environmental Protection Fund, Esad Humo, expressed satisfaction with the signing of the memorandum confirming long-term cooperation and commitment to joint work in the future.

He thanked UNDP, which through a series of projects recognized the institutional role and capacities of the Fund, in financing and implementing projects, as well as in the more recent – agency role of collecting and processing data on the environment and energy efficiency.

The UNDP provides significant support to the authorities in BiH to fulfill the climate promise given in the Nationally Determined Contributions (NDC), which is at the heart of the Paris Agreement and represents the promise of countries to reduce national gas emissions and adapt to the negative impacts of climate change.

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