As Small Island Developing States, Caribbean nations depend heavily on their biodiversity and natural resources for economic and social development.
The CRAB Project was designed to contribute to the development of sustainable and sufficient resources for the conservation of ecosystems in the Caribbean Region. This will support, in the long term, the maintenance and restoration of the Caribbean’s biodiversity and natural resources. The duration of the project, which started in July 2022, is 5 years.
Funding for the CRAB Project is a total of 7 million Euros with resources from French Global Environmental Facility (FFEM) and Agence Française de Développement (AFD) of 4 million Euros, German Development Bank (KFW) of 500,000 Euros and Caribbean Biodiversity Fund (CBF) of 2.5 million Euros.
The final beneficiaries of the CRAB project will be the National Conservation Trust Funds partners of CBF, protected areas managers, communities, and French actors in the region working in biodiversity conservation.
The CRAB project will be implemented through 4 components:
The Caribbean islands, classified as Small Island Developing States (SIDS), hold exceptional biodiversity and natural resources forming the backbone of their economic and social well-being. However, these resources face increasing pressure due to development activities and climate change. While their importance is recognized, economic instruments for biodiversity conservation and incorporating ecosystem services into development planning remain underdeveloped.
This is where the CRAB Project comes in. Recognizing the crucial role of the Caribbean Biodiversity Fund’s (CBF) National Conservation Trust Funds (NCTFs) network, the CRAB Project serves as a critical partner. By strengthening the financial and operational capacities of the NCTFs, the CRAB Project aims to empower them to become key players in regional conservation efforts.