financing for the future - mar fund · mesoamerican reef fund purpose provide financial and...
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Mesoamerican Reef Fund
PurposeProvide 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 ofstrategic 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
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