The correct answer is: Both 1 and 2 are correct.
The Land Degradation Neutrality Fund (LDNF) is a global fund that aims to support countries in their efforts to achieve land degradation neutrality. The fund is managed by the World Bank and is financed by contributions from governments, private sector organizations, and individuals.
The LDNF is aligned with Sustainable Development Goal (SDG) 15, which aims to protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and loss of biodiversity.
The LDNF provides grants and concessional loans to countries to support a range of activities, including:
- Land rehabilitation and restoration
- Sustainable land management practices
- Capacity building and awareness raising
- Research and development
The LDNF has been successful in mobilizing resources and supporting countries in their efforts to combat land degradation. In 2019, the fund approved its first set of grants, totaling $100 million. These grants will support projects in Ethiopia, Kenya, Mali, Niger, and Senegal.
The LDNF is a critical tool in the fight against land degradation. The fund is providing much-needed resources to countries that are struggling to address this pressing issue. The LDNF is also helping to raise awareness of land degradation and its impact on people and the planet.
Here is a brief explanation of each option:
- Option 1: The Land Degradation Neutrality Fund/ LDNF is aimed at achieving sustainable development goal no. 15.
This is correct. The LDNF is aligned with SDG 15, which aims to protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and loss of biodiversity.
- Option 2: The fund is managed by the World Bank.
This is also correct. The LDNF is managed by the World Bank. The World Bank is an international financial institution that provides loans to developing countries for capital programs.
Therefore, both options 1 and 2 are correct.