Momentum Grows for 30x30 as Bolivia Signs PFP MOU at COP16
Statement
At COP16 in Cali, Colombia, the Bolivian government reached an important milestone by signing a Memorandum of Understanding (MOU) to develop a Project Finance for Permanence (PFP) for its National System of Protected Areas. This agreement lays the foundation for sustainable, long-term conservation efforts in Bolivia, ensuring vital ecosystems are protected for future generations. The Bezos Earth Fund, a champion of PFPs and supporter of conservation initiatives across the Tropical Andes, recognizes this achievement as a critical step toward meeting global biodiversity goals. Padu Franco, the Bezos Earth Fund's Program Manager for the Tropical Andes, said the following:
“The signing of an MOU to develop a Project Finance for Permanence (PFP) at COP16 marks a pivotal moment for Bolivia’s conservation efforts. The Bezos Earth Fund celebrates this important step, which will establish a long-term framework to protect nature. We proudly supported the design and planning for the PFP in Bolivia, helping lay the foundation for sustainable conservation. This milestone also reflects the growing momentum behind PFPs as a scalable solution for securing conservation outcomes that support the Kunming-Montreal Global Biodiversity Framework.
As one of the largest supporters of PFPs, the Bezos Earth Fund believes that this model is key to achieving the global 30x30 target. The Tropical Andes, including Bolivia, is a global biodiversity hotspot critical to meeting 30x30 goals and safeguarding nature in places that benefit both people and planet. Through our partnerships across the region, we help lay the groundwork for PFPs by supporting frameworks, mobilizing resources, and aligning government, community, and private sector action.
This milestone in Bolivia reflects the transformative potential of PFPs. When upfront funding, political will, and local stewardship come together, they create the conditions for durable conservation. With this MOU, Bolivia takes an essential step toward protecting ecosystems critical to biodiversity, climate resilience, and future generations.”
