FIJI
Fiji's coral reefs are vital to its marine biodiversity, food security, tourism-driven economy, and coastal protection, underpinning local culture and sustaining livelihoods.
Priority Locations
- Viti-Levu (Greater Suva Area)
- Vanua Levu
- Qoliqoli Cokovata and Qoliqoli Nadogo
- Cuvu Tikina on the Coral Coast
- Shark Reef Marine Reserve – SeruaBeqa Lagoon and Kuata Marine Protected Areas
Partners
Convening Agent: United Nations Development Programme (UNDP) Fiji Country Office
Key Implementing Partners: UNCDF, UNEP, Matanataki, Beqa Adventure Divers (BAD), Ministry of Economy, Ministry of Environment
2030 Targets
45K HA
Coral reefs under conservation and sustainable management target
$50M+
Private investment, returns & co-financing leverage target
70K
Community members benefiting from improved resilience, sustainable livelihoods, and increased income target
Overview
Investing in Coral Reef and the Blue Economy (ICRBE), co-funded by the UN Joint SDG Fund, is on a mission to catalyse positive change in Fijian coral reefs and the communities dependent on them. ICRBE aims to strategically mobilise private and public investment capital, developing a pipeline of bankable projects that blend technical assistance, performance grants, and concessional capital to de-risk initiatives. As a trailblazer in environmental finance, ICRBE is actively leveraging parallel initiatives, including Fiji's first-ever Sovereign Blue Bond, to ensure the sustainable development of these crucial ecosystems.
