This report aims to develop a set of general guidelines to aid the identification and development of potential IFMs for sustainable land management in agricultural lands in Sri Lanka. It also outlines the process followed by the International Union of Conservation of Nature to identify potential IFMs for the Rehabilitation of Degraded Agricultural Land project in Kandy Badulla and Nuwara Eliya Districts in the Central Highlands Project area.
Innovative financing mechanisms (IFMs) have been in operation in the broader field of development for some time. In the field of agriculture, IFMs can generate new resources or increase the transfer of existing resources to promote sustainable agricultural practices and that will conserve and enhance the delivery of agricultural ecosystem services. This report aims to develop a set of general guidelines to aid the identification and development of potential IFMs for sustainable land management in agricultural lands in Sri Lanka and outlines the process followed by the International Union of Conservation of Nature to identify potential IFMs for the Rehabilitation of Degraded Agricultural Land project in Kandy Badulla and Nuwara Eliya Districts in the Central Highlands Project area, including (a) providing an understanding about the ongoing agriculture-related IFMs in operation by different categories of stakeholders; and (b) Assessing the gaps for potential IFMs and providing insights into their implementation. The RDAL Project is a FAO and Global Environment Facility initiative, in partnership with the Government of Sri Lanka, through the Ministry of Mahaweli Development and Environment.
