This $539,725 Project Grant awarded on December 4, 2024 by the U.S. International Development Finance Corporation (DFC) under its Technical Assistance and Feasibility Studies program (CFDA 87.101) will support a carbon market-driven project to restore over 100,000 hectares of degraded miombo forests in the Grand Katanga region of the Democratic Republic of the Congo. The grant will fund technical assistance, feasibility studies, and capacity building to enable this forest restoration initiative, which aims to leverage carbon market financing to drive sustainable land use in the region. The primary awardee is Miscellaneous Foreign Awardees, a for-profit organization based in Washington, D.C. This award demonstrates the DFC program's focus on supporting private sector-led solutions to critical development challenges in low- and middle-income countries through technical assistance and project preparation funding.
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