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PACT with $1.15 million investment in Marine Reserve Network

4 October 2019 by Thebeliz

The award makes the 10th targeted investment by the Trust Fund

Belize City- The Protected Areas Conservation Trust (PACT) continues to be the premier donor to Belize’s National Protected Areas System. Today, PACT continued the roll out of its Conservation Investment Strategy with another investment, this time in multiple Marine Protected Areas under the management of the Belize Fisheries Department. A brief signing ceremony was held to award the $1.15 Million Dollar conservation investment.

This investment is expected to support the Fisheries Department in improving management effectiveness of five Marine Reserves across the Belize Barrier Reef System. Specifically, it will result in improved infrastructure and management presence at the Bacalar Chico Marine Reserve, Caye Caulker Marine Reserve, South Water Caye Marine Reserve, Sapodilla Cayes Marine Reserve and Glovers Reef Marine Reserve.

The award marks the tenth targeted investment award made by PACT towards improved management of the Belize National Protected Areas System (BNPAS) since December 2018. Cumulatively, these investments, made in accordance with PACT’s 2018-2021 Conservation Investment Strategy, will see PACT invest up to a staggering $9.5 Million Dollars in 19 protected areas across the BNPAS over the next three years. Additionally, these investments stand to attract at minimum an additional $12 Million Dollars in leveraged resources from other donors, ballooning the total investment in these sites to over $21 Million Dollars.

Filed Under: Finance, Nature

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