{"id":33731,"date":"2026-07-23T17:47:48","date_gmt":"2026-07-23T21:47:48","guid":{"rendered":"https:\/\/caribbeanbiodiversityfund.org\/?p=33731"},"modified":"2026-07-23T17:47:50","modified_gmt":"2026-07-23T21:47:50","slug":"caribbean-biodiversity-fund-and-banco-popular-dominicano-partner-to-advance-sustainable-blue-finance-in-the-dominican-republic","status":"publish","type":"post","link":"https:\/\/caribbeanbiodiversityfund.org\/es\/caribbean-biodiversity-fund-and-banco-popular-dominicano-partner-to-advance-sustainable-blue-finance-in-the-dominican-republic\/","title":{"rendered":"Caribbean Biodiversity Fund and Banco Popular Dominicano Partner To Advance Sustainable Blue Finance in the Dominican Republic"},"content":{"rendered":"

Santo Domingo, Dominican Republic, July 2026 \u2013 The Caribbean Biodiversity Fund (CBF) and Banco Popular Dominicano (BPD) have signed a Memorandum of Understanding (MOU) to collaborate on the design and pilot of the Blue Card, an innovative financial mechanism being developed under the Caribbean Blue Economy Financing (BLUEFIN) project.<\/p>\n\n\n\n

The partnership supports the sustainable blue economy while contributing to the conservation and sustainable management of marine and coastal ecosystems in the Dominican Republic. The Blue Card will be piloted to assess its commercial and operational viability as a mechanism for channeling financial resources toward blue economy initiatives without altering the bank’s existing business model. The pilot is expected to generate valuable lessons that will inform the potential future expansion of the mechanism.<\/p>\n\n\n\n

Under the Memorandum of Understanding, CBF will provide technical, strategic, and financial support for the design and implementation of the Blue Card pilot. The CBF will also facilitate regional knowledge exchange, coordinate with complementary initiatives across the Caribbean, and support the development of joint work plans to advance the objectives of the partnership.<\/p>\n\n\n\n

Banco Popular Dominicano will contribute its expertise in financial services by supporting the design of the mechanism, facilitating engagement with relevant stakeholders, participating in technical discussions, and assessing the integration of the Blue Card within existing institutional and regulatory frameworks.<\/p>\n\n\n\n

This collaboration reflects a shared commitment to advancing innovative financing approaches that strengthen the resilience of marine and coastal ecosystems while creating opportunities for sustainable economic development in the Caribbean. It also recognizes the need to mobilize additional financial resources to address the growing challenges facing the region\u2019s marine environment.<\/p>\n\n\n\n

The Caribbean BLUEFIN Project creates and strengthens nature-based blue economy opportunities and approaches in the region through innovative financing mechanisms. The Caribbean BluEFin Project is financed by the Global Environment Facility (GEF), implemented through the United Nations Environment Programme (UNEP), and executed by the Caribbean Biodiversity Fund (CBF). The project is supported by co-financing from the German Development Bank (KfW) on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ), the French Development Agency (AFD), the French Facility for Global Environment (FFEM), and the German Corporation for International Cooperation (GIZ).<\/p>\n\n\n\n

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Acerca del Fondo para la Biodiversidad del Caribe<\/strong><\/p>\n\n\n\n

The Caribbean Biodiversity Fund (CBF) is the regional umbrella environmental fund for the Caribbean, dedicated to sustaining nature and improving lives across the region. By designing and managing innovative financing solutions, the CBF helps countries access long-term resources to protect biodiversity, build climate resilience, and promote nature-based economic growth. The CBF manages three strategic programs that drive impact across the region: Conservation Finance via a regional endowment, Climate Change adaptation focused on Ecosystem-based Approaches (EbA), and Nature-based Economies that support circular economy models. These programs actively collaborate with governments, communities, and development partners across the Caribbean to advance shared environmental goals and long-term sustainability. To date, the Fund has supported more than 100 projects in 12 countries, delivering over US$30 million in funding for impactful, locally led solutions.<\/p>\n\n\n\n

About Banco Popular Dominicano<\/strong><\/p>\n\n\n\n

Banco Popular Dominicano is the leading private financial institution in the Dominican Republic, committed to sustainable finance and responsible banking. Through strategic partnerships and innovative financial solutions, the bank supports initiatives that contribute to environmental sustainability, economic development, and social well-being.<\/p>","protected":false},"excerpt":{"rendered":"

Santo Domingo, Dominican Republic, July 2026 \u2013 The Caribbean Biodiversity Fund (CBF) and Banco Popular Dominicano (BPD) have signed a Memorandum of Understanding (MOU) to collaborate on the design and […]<\/p>\n","protected":false},"author":4,"featured_media":33437,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_tribe_blocks_recurrence_rules":"","_tribe_blocks_recurrence_description":"","_tribe_blocks_recurrence_exclusions":"","footnotes":""},"categories":[345,456,454],"tags":[476,475,455],"class_list":["post-33731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-press-release","category-blue-economy","category-bluefin","tag-blue-economy","tag-blue-finance","tag-bluefin","entry"],"acf":[],"authors":[],"_links":{"self":[{"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/posts\/33731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/comments?post=33731"}],"version-history":[{"count":3,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/posts\/33731\/revisions"}],"predecessor-version":[{"id":33735,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/posts\/33731\/revisions\/33735"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/media\/33437"}],"wp:attachment":[{"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/media?parent=33731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/categories?post=33731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/caribbeanbiodiversityfund.org\/es\/wp-json\/wp\/v2\/tags?post=33731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}