Yasuni initiative raised about $336,77 million

Ivonne Baki

After two years of campaigning, the Yasuní-ITT initiative has managed to raise $336′ 775.666, 67, around 10% of the set objective. For this reason, in June, when the President, Rafael Correa, begins his new presidential term, he will be responsible for evaluating the amount  of the contributions, from which countries and their taxpayers, said Ivonne Baki, project manager.

The Yasuní-ITT initiative is a plan of the Government of Rafael Correa seeking contributions from taxpayers of the world to cover 50% of the resources that could generate the extraction of  the oil that exist in that area, declared a nature reserve by its immense biodiversity and thus leave oil underground.

The official said that this  “is not something new, by demonstrating that the project is “doing pretty well” trying to achieve the objective of raising  each year, between $250 million and $290 million, so in twelve years get $3,600 million, which represents  50% of the resources that the State would receive by the reserves of 846 million barrels of oil in the sector of Yasuni in Ecuador’s Amazon” If it were to be exploited.

Ivonne Baki denied that Correa is declining to carry out this project, and clarified that it is the opposite, because she says that the President is disappointed due to the fact that developed countries are not contributing.