Vilanculos Coast Wildlife Sanctuary: U.S. Contribution
Fact Sheet
Overseas Private Investment Corporation
Washington, DC
January 24, 2003
Purpose of the Initiative
The U.S. contribution to the Vilanculos Wildlife Sanctuary will support long-term preservation of an internationally significant ?hot spot? of biodiversity in Mozambique through the creation of a sustainable local economy, including the development of sustainable tourism. This unique public-private sector partnership initiative is expected to provide funding for community development activities, protect terrestrial and marine resources, and actively involve local communities in the management of their resources.
Resources
The U.S. Government support for the Vilanculos Wildlife Sanctuary will be through a loan for up to $13 million to develop low-impact eco-tourism facilities and activities.
Partners
The Overseas Private Investment Corporation (OPIC) and private sector investors from the United States and South Africa.
Partnership Efforts and Accomplishments to Date
Dr. Peter Watson, President of OPIC, announced the initiative at the World Summit on Sustainable Development in Johannesburg on August 29, 2002. OPIC is working to complete due diligence on the loan package and final approval of the project by the second quarter of 2003.
U.S. Government Primary Point of Contact
Overseas Private Investment Corporation: Larry Spinelli (Phone: 202-336-8690; E-mail: lspin@opic.gov).
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