The Caribbean Biodiversity Fund
Established in September 2012, The Caribbean Biodiversity Fund (CBF) is a regional fund whose objective is to provide a sustainable flow of resources to support activities that contribute substantially to the conservation, protection and maintenance of biodiversity within the national protected areas systems or any other areas of environmental significance of its participating countries.
The CBF channels support to multiple National Conservation Trust Funds (NCTFs) established in the participating countries.
The CBF is governed by the CBF Board of Directors, currently composed of two permanent members: KfW and TNC. Each NCTF from a Participating will appoint a Director to the CBF Board after signing an agreement with te CBF. At present, each of the participating and observer countries is represented on the Board by an Observer who participates in Board meetings and serves as a national focal point on CBF matters. In accordance with the terms of the CBF Articles of Association, a majority of the Board shall not be affiliated with the governments of any of the Participating Countries and must be representatives of civil society
Approximately US$42 million of initial financial commitments have been made to capitalize the CBF endowment, with plans to grow CBF capital over time. Donors to date include the Government of Germany through the German Development Bank (KfW), the Global Environment Facility (GEF) – through the World Bank and the United Nations Development Programme (UNDP), and The Nature Conservancy (TNC).
To help improve the enabling conditions of its partners and grantees, the CBF plays several roles. The CBF 1) convenes meetings of diverse stakeholder groups to advance dialogue on common issues; 2) builds the capacity of partner national funds, their grantees and host governments; 3) raises awareness at the regional and international level of the importance of conserving the Caribbean’s natural resources for a sustainable future; and 4) serves as a forum for regional coordination and cooperation
Benefits of the CBF
As a regional organization, the CBF offers multiple benefits to partners, grantees and donors:
- A flexible structure
- Adherence to internationally recognized standards for conservation funds
- Alignment with international agreements
- Economies of scale
- Convenience for donors and partners interested in regional or multi-country impact
- A core endowment that generates a stable match for CBF partner funds
- Representation, with each partner fund having a seat on the CBF Board
- Capacity building
- Awareness raising at the regional and international level
- Registered UK Charity, headquartered in the Bahamas
The CBF Secretariat is located in Nassau, The Bahamas. The Secretariat provides operational and administrative support to the CBF, facilitating meetings of the Board, and managing the relationship with all CBF stakeholders.