The UN Global Team (UNGT supports the GFCR Executive Board and is composed of a core management team (GFCR Secretariat) and technical advisors. The UNGT is co-hosted by the three UN Participating Organizations (UNCDF, UNDP and UNEP) and works in close collaboration with Pegasus Capital Advisors (GFCR Equity Fund asset managers) and the UN MPTF Office (MPTFO) in its Administrative Agent mandate of the Grant Fund. The narrative describes UNGT’s priority activities for the second and third year as well as a 2-year direct operational budget, and the updated UN Global Team structure and functions. The ProDoc will be revised as needed, to provide continued funding support subject to needs.

Key expected outcomes

1. Expansion and successful implementation of programmes.

2. Increased resources mobilization directed towards coral reef conservation efforts.

3. Robust reporting, monitoring and evaluation allow GFCR to assess its impacts and adapt.

4. Communication materials and activities position GFCR as leader on SDG-14 and blended finance.

5. Strong partnerships strengthen GFCR coalition.

6. Governance, operational structure and procedures effectively support GFCR goals.