The Quito Water Conservation Fund (Fondo para la Protección del Agua – FONAG) is an endowment fund that receives money from the government, public utilities, electric companies, private companies and non-government organizations. An independent financial institutions manages and invests the money. Part of the funding goes to an endowment to ensure long-term sustainability and part of the funding goes directly to activities for watershed protection.
FONAG’s goals include: improve/maintain water quality and quantity for downstream users, maintain regular flows of water throughout the year, maintain/enhance natural ecosystem biodiversity (both freshwater and terrestrial) and improve/maintain human well-being and quality of life for upstream human communities.
OUTCOMES / BENEFICIARIES
The water funds protects the main water sources of Quito city with 2.5 million people. In addition to this, the water fudns supports local communities that live close to the water sources. They receive permanent support from FONAG through different programs, from environmental education to community-based projects that invest in rural livelihoods.
- Start date: 2000
- Ongoing?: YES
- Cities: Quito
- Countries: Ecuador
- Lat: 0° 13′ 0″ S
- Long: 78° 30′ 0″ W
- Web Site: http://www.fonag.org.ec/inicio/
- Control and monitoring of protected areas
- Restoration of natural vegetation
- Environmental education and outreach
- Training in watershed management
- Productive projects with local communities and a hydrological monitoring program.
RIVER BASIN: Cuencas de Guayllabamba, Antisana y Papallacta
- The Nature Conservancy
- Metropolitan Drinking Water and Sewer Company of Quito (EPMAPS)
- Quito Electric Company, National Brewery (Sab Miller)
- Swiss Agency for Development
- Tesalia Springs (water bottling company)
- United States Agency for International Development (USAID)
- Inter American Development Bank (IDB),