Enhancing sustainable financing mechanisms for marine protected areas in Belize and Honduras

The Toledo Institute for Development and Environment (TIDE) in Belize and the Roatan Marine Park (RMP) in Honduras are two of the organisations managing Marine Protected Areas (MPAs) in the Mesoamerican Reef (MAR) region. Wolfs Company is conducting a two-phase project to assist these organizations in the implementation of sustainable financing mechanisms to support their nature conservation activities in the long-term.

In Phase I of the project, Tide and RMP exchanged experiences during a workshop held in Belize in July 2017 and applied the Eco2Fin Sustainable Finance Framework developed by Wolfs Company to identify possible interventions for the improvement of their sustainable financing strategies. In Phase II, starting in October 2017, the collected information will be compiled into a roadmap outline with next steps for the implementation of sustainable financing mechanisms. In addition, Wolfs Company will advise TIDE and RMP in the usage of natural capital studies for advocacy purposes in Belize and Honduras, respectively.

This project is one of the initiatives included in the 2016-2018 cooperative agreement between the Gulfs and Caribbean Fisheries Institute (GCFI) and NOAA’s Coral Reef Conservation Program (CRCP). The capacity building efforts included in this agreement address the MPA management needs identified through the Management Capacity Assessment commissioned by GCFI, NOAA and the Caribbean Marine Protected Area Management Network and Forum (CaMPAM) in 2011.

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