Global Fund for Coral Reefs

The Global Fund for Coral Reefs (GFCR) provides grant funding and private capital to support sustainable interventions to save coral reefs and the communities that rely on them. Officially announced in September of 2020. The GFCR is a blended finance instrument to mobilise action and resources to protect and restore coral reef ecosystems. As an implementation vehicle for the Global Biodiversity Framework (GBF) and Sustainable Development Goal 14 (SDG 14), Life Below Water, the Global Fund for Coral Reefs (GFCR) coalition strengthens the resilience of coastal reef ecosystems, local communities, and economies by mobilising new public and private resources that advance sustainable businesses and innovative financial solutions. GFCR’s locally driven implementation and investments follow an integrated ecosystem-based approach focused on “coral refugia,” coral reef habitats that demonstrate resilience to climate change impacts.The GFCR operates through two primary financial instruments: the GFCR UN Fund and the private-sector-led GFCR Equity Fund

The GFCR UN Fund, managed by a UN Global Team, provides grants, technical assistance, and concessional finance through GFCR’s on-site partners – a world-class group of international and national conservation and sustainable investment leaders. These partners provide incubation services and pipeline development for enterprises, finance mechanisms, and other solutions at country and regional levels.

The GFCR Equity Fund, managed by Pegasus Capital Advisors, invests in commercial projects and companies with business models that reduce threats and stressors to coastal habitats including critical coral reefs, and supports innovative, replicable, and scalable solutions. As a blended finance vehicle, the Equity Fund includes a junior anchor investment from the Green Climate Fund.

Activity period	2020–2024
Last CoAct update	n/a
Web URL	https://globalfundcoralreefs.org/
Output effectiveness	0.40
Accountability Index	0.50
Inclusiveness Index	0.47
Capacity Index	0.80
Num. actors	20
Functions	Standards and norms, Funding, Policy planning
SDGs
Themes	oceans and coastal zones
Policy focus	Mainly adaptation
Sectors	Agriculture, forestry and fishing, Financial and insurance activities
Implementation countries	Bahamas (the), Belize, Brazil, Colombia, Egypt, Fiji, Guatemala, Honduras, Indonesia, Jordan, Kenya, Maldives, Marshall Islands (the), Mexico, Micronesia (Federated States of), Mozambique, Palau, Papua New Guinea, Philippines (the), Seychelles, Solomon Islands, Sri Lanka, Tanzania, the United Republic of

Target	Target type
The project targets 40 fishing communities and 19,000 fishers in the Philippines	People/countries affected target
The project targets 40 fishing communities and 19,000 fishers in the Philippines	Area target
Use USD 125M in Grants to leverage USD 500 for investments in coral reef conservation and reef-dependent communities	Funding target

CoAct Database