17 March 2023 The Caribbean Biodiversity Fund (CBF) and Saint Lucia National Conservation Fund (SLUNCF) signed a second Partnership Agreement in February 2023. This Agreement will continue to provide the SLUNCF with funding to continue its mission to support conservation, restoration, and effective management of Saint Lucia’s biodiversity and natural resources.
Under the new Agreement, the CBF will continue to manage the CBF Endowment Funds for Saint Lucia and make annual payments to the SLUNCF to support its mandate for another 5 years.
Under the first Partnership Agreement signed in 2016, the SLUNCF financed eight projects in sectors related to coastal resilience; research and development; coral reef restoration and creation of artificial reefs; protection of the endemic St. Lucia Iguana; climate-smart agriculture and the creation of sustainable livelihoods with CBF disbursements totaling US$ 1,076,950 Other achievements that the SlUNCF has realized are:
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Incorporated in 2016, the Saint Lucia National Conservation Fund is dedicated to the conservation, restoration, and effective management of Saint Lucia’s biodiversity and natural resources. Learn more at sluncf.org
The Caribbean Biodiversity Fund was established in 2012 to create reliable, long-term funding for conservation and sustainable development in the Caribbean region. The CBF is now a regional umbrella environmental fund that uses a flexible structure to implement innovative solutions and consolidate resource mobilization in the Caribbean through a range of financial instruments.
Currently, the CBF has 3 programs, the Conservation Finance Program, based on an endowment fund, Climate Change Program, focused on Ecosystem-based Adaptation (EbA) strategies, and Nature-based Economies Program with an Advancing Circular Economy focus.
The Conservation Finance Program currently provides sustainable financing to 11 Conservation Trust Funds in the following countries: Antigua and Barbuda, Bahamas, Dominica, Dominican Republic, Grenada, Guyana, Haiti, Jamaica, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines. Learn more at caribbeanbiodiversityfund.org
The National Conservation Trust Funds (NCTFs) lead the grantmaking process, finance projects and drive programs for the protection and preservation of the marine and terrestrial ecosystems within their countries.