Financing for the Future - MAR Fund Mesoamerican Reef Fund Purpose Provide financial and technical...

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Transcript of Financing for the Future - MAR Fund Mesoamerican Reef Fund Purpose Provide financial and technical...

  • Financing for the Future

    Mesoamerican Reef Fund

    María José González

    December 2016

  • Mesoamerican Reef Fund

    Purpose Provide financial and technical support for conservation and sustainable use of natural resources, goods and services of the MAR

    Core Concept • Four environmental funds coming together in a powerful coalition

    • To “put the reef first” by planning and implementing a singular set of strategic priorities for the entire MAR ecoregion.

    Member Funds • Fondo Mexicano para la Conservación de la Naturaleza A.C.

    • Protected Areas Conservation Trust

    • Fundación para la Conservación en Guatemala

    • Fundación Biosfera

  • MAR Fund, a long-term financial

    mechanism

    Designed to raise and distribute funds at a

    regional scale

    • Complementary funds

    • Additional to national funds

    • Endowment and sinking funds

    Effective regional funding mechanism

    Responds to the needs of the region

  • Strategy

    To strengthen a network of priority

    coastal and marine protected areas:

    • Initial network: 14 MPAs

    • 2015 revision and update: 14

    additional sites

    Also addresses issues affecting the

    integrity and health of the network, e.g.

    overfishing - Community Fisheries

    Program fish recovery sites

    Vision of a Blue Economy

  • Programmatic Activities

    • Protected Areas

    • Community Fisheries

    • Adaptation to Climate Change

    • Reef Rescue Initiative

    Operation mechanisms

    • Small Grants

    • Re-granting

    • “Conservation of Marine Resources”

    Project

    • Endowment Fund

    • Belize Marine Fund

    • GAGGA Initiative

  • Financial resources for the region

    Sinking funds

    $19.1 million raised

    $13.8 already disbursed to programs and operation

    €10 M for Project “Conservation of Marine Resources in Central America,

    Phases I and II.

    Phase III, for €5 M, possibly for the new priority areas, in the pipeline for

    2017.

  • Project “Conservation of Marine

    Resources in Central America,

    Phases I and II”

    • Concurrent phases

    • 9 of the 14 priority sites targeted

    • Small Grants Program – 14 priority

    areas

    • 5 years / €5 million

  • Component 1

  • Component 2

  • Component 3

  • Endowment Fund

    As of August 2016: $23.6 M

    €10 M

    € 7 M

    € 1 M

    Capital campaign goal: $50 M

    Objective: to integrate scientific knowledge, sound leadership,

    human capital and conservation finance at a regional scale.

  • New opportunities in the

    Mesoamerican Reef that require

    long-term support:

    • Regional networks

    • Conservation/recovery of resources

    • Protection of new sites / expansion

    • Strengthening of local conservation

    groups

  • Oak Challenge Grant

    • Their legacy: $10 million endowment sub-account for Belize in MAR Fund

    • Challenge grant: $15 million in 5 years

    • Upon completion: $10 million transferred to MAR Fund

    • $500,000 annually to MAR Fund for key marine conservation initiatives in

    Belize

  • Great opportunities

    Belize Marine Fund is

    now part of the capital

    campaign

    Will actively seek

    support from

    foundations, individuals,

    bi-lateral and multi-lateral

    agencies

    Initial conversations with

    organizations/donors

    interested in

    participating

  • Thank you

    www.marfund.org

    www.facebook.com/MARFund/

    twitter.com/MAR_Fund

    http://www.marfund.org/ http://www.facebook.com/MARFund/