“20 by 20” target. To effectively conserve at least 20% of their near-shore marine / coastal environment by year 2020.
To support and put in place a new sustainable finance architecture that will generate long-term funding for the marine and coastal environment in the form of trust funds and sustainable finance mechanism, such as tourism user fees.
Proceeding the Caribbean Challenge Initiative in 2008, The World Bank through The Nature Conservancy (TNC) the Implementing Agency, implemented a five-year project on August 4th, 2011. Ending December 31st, 2016
“Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project” was born and under the Sustainable Financing & Management of Eastern Caribbean Marine Ecosystem Project the Nature Conservancy and project partners came together and set up the Caribbean Biodiversity Fund (CBF).
The CBF’s initial capitalization was US$32 Million.
Aims & Objectives
Our aim is to provide a sustainable flow of funds which will enable the Trust to support the long term management and expansion of Antigua and Barbuda’s areas of land and/or sea.
These funds are specifically dedicated to the protection and maintenance of biological diversity and natural resources and other activities that contribute substantially to the conservation, protection and maintenance of biodiversity.
These were identified after consultation with stakeholders who are consistent with our Aims and Objectives.
The MEPA Trust will have stakeholders (fishers, farmers, users of the sea, etc.) and community involvement in all approved projects funded by the Trust.Contact Us