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Good practice

FONAG — Quito Water Protection Fund (Ecuador)

Ecuador · Quito · See the Ecuador profile

FONAG, the world's first water fund, was established in 2000 with a 1% surcharge on Quito's water bills, later expanded to include private companies. Its US$30M trust fund generates US$2.5M/year to protect 55,000 ha of páramo for 2.7M residents, with a documented US$2.15 return p

US$30M
Endowment fund
US$2.5M /yr
Annual financing generated
55,000 ha
Paramo protected
2.7M
Residents served
US$2.15 per US$1
Cost-benefit ratio
FONAG — Quito Water Protection Fund (Ecuador) FONAG — Quito Water Protection Fund (Ecuador)

Details

Maturity
Established
Promoter
FONAG (Fondo de Protección del Agua) / EPMAPS
Period
2000–present
Keywords
public utility, corporate, water, conservation, páramo, trust fund

Context

FONAG, the world's first water fund, was created in 2000 with a 1% surcharge on Quito's water bills, later extended to private companies.

Results

Its US$30M endowment generates US$2.5M/yr to protect 55,000 ha of paramo for 2.7M residents, with a documented cost-benefit ratio of US$2.15 per dollar invested.

Implementation

Implementation detail (cost, timeline, staffing, conditions for success) is not yet available for this practice.

Data sources

Where this practice's information was retrieved from, and when.

Attachments

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