Partnerships for Coral Reef Finance and Insurance in Asia and the Pacific

To enable large-scale finance to increase the climate resilience of coastal businesses, communities and livelihoods in selected countries of Asia and the Pacific, through an innovative coral reef financing and insurance model

Financial mechanism
GEF
Date of approval
Status
Project approved
URL
https://www.thegef.org/projects-operations/projects/10431
Countries
Solomon Islands,
Philippines,
Indonesia,
Fiji
Managing organisations
Ministry of Maritime Affairs and Fisheries / Ministry of Environment and Forests (Indonesia)
Ministry of Environment, Climate Change and Disaster Management (Solomon Islands)
Palawan Council for Sustainable Development (Philippines)
Implementing organisations
ADB
Project ID
10431
GEF project type
Medium size
GEF project phase
GEF - 7
GEF Cofinancing
$5.251.712
GEF project grant
$1.278.539
Executing Agencies
Ministry of Maritime Affairs and Fisheries / Ministry of Environment and Forests (Indonesia); Ministry of Environment, Climate Change and Disaster Management (Solomon Islands); Palawan Council for Sustainable Development (Philippines)