IDB/The Nature Conservancy Public-Private Funding Mechanisms for Watershed Protection  Approved by Council in April 2010  $5M from the GEF Earth Fund, at least $15M cash co-financing  Objective to deploy public-private funding mechanisms ( Water Funds ) as sustainable long-term instruments to promote private sector participation in the conservation of freshwater ecosystems and biodiversity of global importance:  Establish at least 5 Water Funds across Latin America and the Caribbean  Secure increased private and public sector funding to pay for water and biodiversity related services  Incorporate endowment funds for long-term sustainability
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