UNDP statement on decision by Government of Ecuador to conclude Yasuní-ITT Initiative

16 Aug 2013

The United Nations Development Programme (UNDP) takes note of the decision adopted by the President of Ecuador to conclude the Yasuní-ITT Initiative. This Initiative was born as a national proposal, and the decision to conclude it is also a national prerogative.

At the request of the government of Ecuador, UNDP provided support to this national initiative through:

-Administration of the Yasuní Trust Fund.

-Promotion and advocacy of the Initiative.

-Provision of technical support.

To date, the Yasuní Trust Fund has received commitments in the amount of $52.227.852, out of which $10.190.820 were deposited into its bank account.

UNDP will work closely with the Government of Ecuador to ensure an orderly liquidation of the Yasuní Trust Fund, in accordance with the Terms of Reference and the Memorandum of Agreement of the Trust Fund.  This involves the payment by the Government of the certificates of guarantee that were issued for contributions equal or above $50,000, with funds currently held in the Trust Fund.

UNDP, and the United Nations as a whole, stands ready to continue working with the people of Ecuador and its Government to advance sustainable human development projects and initiatives, including by adopting the necessary measures to conserve biodiversity, protect the environment and guarantee human rights.