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, which started in December 2017, Wolfs Company will develop a tailored financial planning tool and train TIDE and RMP in its usage to support MPA management in the long term.

This project is conducted in collaboration with MPAConnect, the capacity building partnership between the Gulfs and Caribbean Fisheries Institute (GCFI) and NOAA’s Coral Reef Conservation Program (CRCP).

Further information available upon request.

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