Annex 13: Country at a Glance Costa Rica: Ecomarkets

1 In order to accomplish these objectives, Forestry Law 7032 was passed in 1986 that created the Forest Credit Certificate (“Certificado de Abono Forestal” or CAF), which provided incentives for reforestation activities. In 1990, the CAF was expanded to include sustainable forest management (CAFMA) and in 1995, the CAF was expended to forest conservation (CAF-2000).

2 The levels of the payments changed in 1998 to adjust them due to inflation (1US$ = 303 colones).

3 Allocations for 1997 prioritized forest conservation, in part, because El Niño conditions were thought to jeopardize reforestation efforts.

4 Coincidentally, the Government of Costa Rica’s Protected Areas Project aims to consolidate approximately 530,000 hectares within the borders of national parks and biological reserves which have been declared as protected areas but which have not been purchased and/or registered in the National Property Registry as part of the forest patrimony of the State.

5 Certified Tradable Offsets (CTOs), or “carbon bonds” are an environmental commodity that provides global environmental and economic benefits, representing internationally-recognized Emissions Reductions of GHG expressed in metric tons of carbon.

6 Throughout the document, numbers within tables do not always sum to totals due to rounding.

7 A front-end fee of one percent will be capitalized into the amount of the IBRD loan, increasing the total size of the loan to 32.6 million.

1 Exchange Rate 1 US$ = 300.00 colones

2 For details on presentation of Procurement Methods refer to OD11.02, “Procurement Arrangements for Investment Operations.” Details on Consultant Services can be shown more easily in the Table A1 format (additional to Table A, where applicable).

1 ESP contracts will be issued by FONAFIFO on the basis of the criteria described in Annex 7b and further detailed in the Project Implementation Manual.

1 Two packages, one during the first and the other during the fourth year of the Project.

2 Small packages of computer and miscellaneous equipment needed during different years of the Project.

3 QCBS and FBS.

1 Includes salaries and operating costs for both IBRD and GEF funds.

1 Thresholds generally differ by country and project. Consult OD 11.04 “Review of Procurement Documentation” and contact the Regional Procurement Adviser for guidance.

2 The Government’s contribution for this loan (30%) is represented by the GEF grant and government counterpart covering total operating expenses. The latter expenses were included under the GEF Grant below.

1 FONAFIFO is completely tax exempt.

1 GOCR financing of incremental recurrent costs, which includes salaries and other operating expenditures of FONAFIFO, SINAC, and other MINAE offices totals US$8.6 million.

1 These priority areas will receive funds for 50,000 hectares, while the rest of the country will receive funds for 100,000 hectares.

2 The number of indigenous communities may vary among different sources. As a reference, information is based on a draft report of Marcos Guevara Berger et al, “Profile of Indigenous Peoples in Costa Rica,” January 2000.

3 For a description of each community, please see project files.

4 Shared with Bribri community.

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