Project Factsheet
Tools for » Development Facility for Blue Economy Projects for Coral Reef Marine Protected Areas in the Philippines
Project ID:00127089Description:Mamuhunan sa mga MPAs Philippi
Fund:
Global Fund for Coral Reefs
Start Date *: 25 May 2021
Theme:
2021 Pipeline Development
End Date*: 31 Dec 2021
Country: Philippines Project Status: On Going
  Participating Organization:   Blue_fin - Blue finance ECRE
About

Programme Description

The initial grant is requested for the development of a full programme proposal with scoping of feasibility and businesses for all three target areas (Verde Island Passage, Calamian Islands, Tañon Strait). The Concept Note below details the full vision for developing the blue economy in and around MPAs in the Philippines over 10 years. 

 

Key expected outputs

 

  • Full Programme Proposal submitted to the GFCR Global Team in November 2021 with detailed scoping of ‘quick-wins’ of revenue streams in VIP.
  • Key elements to be included in the full Programme Proposal: (1) Evidence of resilient reefs; (2) Blended Finance to promote sustainable revenue streams with positive impact on coral reef ecosystems and dependent communities; (3) Consortium of partners; (4) Clear strategy for implementation in all three target areas; (5) M&E Strategy; (6) Budget and workplan tied to clear milestones
  • Strengthen management and enforcement and monitoring systems of Blue Alliance SPE in VIP
  • Establish Development Facility to structure a pipeline of investment ready reef-positive sustainable businesses and projects within and around the MPA networks of Calamian Island and VIP
  • Potential co-investment of US$1.4M from the Sustainable Ocean Fund into the Blue Alliance SPE and associated businesses in VIP.

 

 

Recent Documents
Key Figures
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Financials
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Latest Vouchers
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Contacts

If you have questions about this programme you may wish to contact the RC office in Philippines or the lead agency for the programme. The MPTF Office Portfolio Manager (or Country Director with Delegation of Authority) for this programme:

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