This first Executive Board Meeting of the Global Fund for Coral Reefs (GFCR) was held late January 2021. Francis Staub was invited and participated as the Global Coordinator of the International Coral Reef Initiative.
The GFCR is a blended finance instrument to mobilise action and resources to protect and restore coral reef ecosystems. It is a 10-year, $500 million blended finance vehicle established through a coalition between United Nations agencies, financial institutions, and private philanthropy sources. The GFCR supports business models that can sustainably finance key conservation and development goals for coral reefs via two initiative windows. Technical assistance, capacity development, monitoring, and evaluation are provided via the grant window, while the investment window generates de-risked investment capital to maximise the impact of projects incubated by the grant window. For more information: https://globalfundcoralreefs.org