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22 Jan 2021 10:48 AM GMT Sign in |
Fund administration in real time. Data refreshed . |
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Factsheet Bookmarks |
In Focus
Fund Dates Start Date: 01 July 2020 End date: 31 Decmber 2030
The Glabal Fund for Coral Reef - Main Documents
Brochure - Call for Action and EngagementAbout
Overview The Global Fund for Coral Reefs (www.globalfundcoralreefs.org) is the first UN multi-partner trust fund dedicated to SDG 14. The GFCR is an innovative blended finance mechanism with the ambition to mobilize $500M ($125M in grants and $375M in investment capital) for coral reef ecosystem conservation and resilience while strengthening ecosystem services for reef-dependent communities. The Fund deploys grant financing to build a pipeline of revenue generating initiatives to leverage private finance for coral reef conservation The Global Fund for Coral Reefs has a dual focus:
Theory of Change Desired Change The Global Fund for Coral Reefs will promote a ‘protect-transform-restore-recover’ approach in priority locations with resilient reefs with exceptional biodiversity. Outcome 1: Protect priority coral reef sites and climate change-affected ‘refugia’ Outcome 2: Transforming the livelihoods of coral reef-dependent communities Outcome 3: Restoration and adaptation technologies Outcome 4: Recovery of Reef-dependent community livelihoods are more resilient to shocks, Reef-dependent community livelihoods are more resilient to shocks (natural disasters, health crises, economic downturns), avoiding a resurgence of drivers of degradation for coral reef ecosystems. MPA management and enforcement operations are equipped to continue functioning during periods of crisis. Fund Structure Given the diversity of coral reef ecosystems and limited, proven, scalable revenue streams, the legal structure of the Global Fund for Coral Reefs is flexible, long-term, and lean. The GFCR is designed as a 10-year US$500M blended finance vehicle with two windows working under the same Theory of Change and a common Investment Plan.
The GFCR will take a holistic approach to project sites, addressing multiple drivers of degradation simultaneously to maximize benefits for coral reef ecosystems. Initiatives in the following areas are of interest to the Fund: Co-management agreements for MPAs, ecotourism, sustainable fisheries and aquaculture, waste management, water treatment, sustainable agriculture, blue carbon, blue bonds and alternative activities for subsistence and income. Partners: In addition to donors, a coalition of global partners committed to reef protection has come together to implement this global financing instrument. Three UN Agencies (UNDP, UNEP, UNCDF), two private foundations (Prince Albert II of Monaco Foundation and Paul G. Allen Family Foundation), and two financial institutions (BNP Paribas and Mirova). The GFCR is also building partnerships with international and local NGOs to build on existing initiatives and seize on the expertise and experience of actors around the world.
Recent Documents
This tab shows only recent documents relevant at the Fund level. To see more documents at both the fund and project level go to the Document Center. |
Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year;
Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Funds with Administrative Agent
Funds with Participating Organizations
Delivery Analysis
Contributions
Projects
Contacts
For Fund Administrative Agent IssuesMulti-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme; Fax: +1 212 906 6990
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