Developing Nations Join West in Deforestation Fight

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WASHINGTON, October 20, 2009 (AFP) - Six developing countries will join five western nations, including the United States and Britain, to combat climate change by better managing forestry resources, the World Bank said Tuesday.The Forest Investment Program (FIP) will meet for the first time on October 29 in Washington to kickstart the program and discuss the criteria for selecting countries or regions of the world that could benefit most from the effort.Brazil, the Democratic Republic of Congo, India, Morocco, Nepal, and Romania will join donor nations Australia, Denmark, Norway, Britain and the United States, who have jointly pledged some $350 million to fund the project.The FIP is among the first of a new generation of partnerships between developing and developed countries working to combat the threat of climate change through forest management, the World Bank said."This new program will provide much-needed upfront investment to developing countries and forest-dependent communities to help them prepare for and benefit from financial flows for the sustainable management of forests," said Eduardo Saboia, who represented Brazil in earlier meetings aimed at designing the FIP. …