New Legacy Landscapes Fund initiated by Germany; US$100 million provided for start-up

The Legacy Landscape Fund (LLF), newly founded by the German development ministry (BMZ) together with international partners and foundations such as Agence Française de Développement (AFD) and the World Wide Fund for Nature (WWF), was launched on May 22, 2021. LLF is a financing instrument for nature conservation and the protection of biodiversity in landscapes across low- and middle-income countries.

These efforts will also contribute to lower risks of zoonotic disease outbreaks, which become more likely as more ecosystems become destroyed or interfered with, said development minister Gerd Müller.

Germany provided start-up financing worth US$100 million, and private foundations committed another US$35 million to the fund. LLF’s capital stock is supposed to reach US$1.0 billion by 2030, making it the largest nature conservation protection worldwide. The funding is aimed at securing long-term financial support for at least 30 of the most significant legacy landscapes in Africa, Asia, and Latin America.

According to the director of the LLF, Stefanie Lang, bringing together private and public donors and working together with NGOs and local communities is what makes the fund unique and likely to achieve more in nature conservation and the protection of biodiversity than any actor would on its own. 

Press release - Ministry for Economic Cooperation and Development (in German)

News article - Handelsblatt (in German)