Forest Investment Programme (FIP)
The Forest Investment Programme (FIP) was established by the World Bank in 2009 for supporting sustainable forest management and reforestation activities, in line with REDD+ objectives. There are currently eight pilot countries receiving FIP funds (Brazil, Mexico, Peru, DRC, Ghana, Burkino Faso, Indonesia and Lao). As with the FCPF there is concern over the design and implementation of safeguards that should ensure the full and effective participation of indigenous peoples and forest-dependent communities and guarantee their free, prior and informed consent (FPIC). FIP funds are channelled through Multilateral Development Banks (MDBs) and each MDB is therefore responsible for their own safeguards. As with the FCPF, the sharing of responsibilities among different agencies has created some confusion and problems in standardising safeguards and ensuring accountability and consistency.