More than 45 million US dollars of additional support for the Caribbean conservation announced during CCI-CBF (GLISPA Member) meeting in Antigua...
Antigua, June 20th, 2019: The German and French governments and The Nature Conservancy intend to provide financial resources for the environment through the Caribbean Biodiversity Fund.
More than 90 participants from 12 Caribbean countries gathered for the 4th CCI-CBF Week, which included the CCI Participants’ Assembly and the 7th Caribbean Biodiversity Fund (CBF) Annual Meeting, from June 16th to 20th in Bolans, Antigua and Barbuda.
During the meeting, the German government, who has already provided substantial support to the CBF, announced that they will increase their level of contribution. Ulrike Metzger, Head of Division for Regional Development Policy in Central America, Caribbean and Mexico from the Federal Ministry for Economic Cooperation and Development (BMZ), emphasized that “the Government of Germany welcomes CBF’s and CCI’s achievements and emphasizes that it will continue to support the Caribbean region’s efforts to promote the protection and sustainable management of its coastal and marine areas. This is why we are committing additional 25.5 million euros for endowment capital destined to the CBF’s regional expansion and announcing further contributions to establish a new complementary facility under the CBF that will address challenges of the circular economy, plastic waste management and wastewater treatment”.
Other important announcements included the potential contribution of the French Development Agency (AFD) of about 13 million US dollars to support the recently established trust fund in Haiti through the CBF and other mechanisms; and The Nature Conservancy providing 3.5 million US dollars to The Bahamas sub-account in the CBF endowment and 500 thousand dollars to the Jamaica sub-account, both to be deposited by July 2019. A key partnership between the CBF and the GEF/UNDP Small Grants Program to work in joint actions in the national level was also announced by Yoko Watanabe, Global Manager of the program. Blue Finance, represented by its Executive Director, Nicolas Pascal, also announced the intention to partner with CBF in the development of innovative financing solutions for the region.
Besides the financial contributions, another highlight of the meeting was the recognition by the CCI Steering Committee of the countries that have already achieved the CCI Goal 1 (protecting and effectively managing 20% of the coastal and marine areas by 2020). The early achievers include Puerto Rico, US Virgin Islands, St. Kitts and Nevis, Haiti and Dominican Republic.
Finally, the event included the signature of the Partnership Agreement between the CBF and the Grenada Sustainable Development Trust Fund (GSDTF), which will allow the fund to receive annual transfers from the CBF endowment.