We learned more about the Global Fund for Coral Reefs (GFCR, or the Fund). This exciting blended finance vehicle will seek to raise and invest USD $500 million in coral reef conservation over the next 10 years! The GFCR is a multi-party initiative that includes the following public, philanthropic, and private actors:
- Paul G. Allen Family Foundation
- Prince Albert II of Monaco Foundation
- BNP Paribas
- Althelia Funds
- UNDP, UNEP, UNCDF
The Conservation Finance Alliance (CFA) is providing technical assistance to the GFCR partners by leading the development of the Investment Plan. In this webinar David Meyers, Executive Director of the CFA, alongside GFCR partners, shared information about:
- Background on the Fund including its innovative and growing partnerships and how the Fund is planning its implementation
- The Fund’s blended finance model that supports businesses and finance mechanisms that improve the health and sustainability of coral reefs and associated ecosystems, while empowering local communities and enterprises
- The Fund’s desired outcomes and criteria for site selection and business models – including how to propose a business, financial instrument or coral reef site to be considered for investment
- How to respond to the Request for Information.
