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Financial Mechanisms

CORALL Conservation Trust Fund

Funds aid MPA and LMMA management in Bar Reef, Kayankerni, and Pigeon Island seascapes including core MPAs and satellite patches of climate refugia coral reefs.

Drivers of Degradation Addressed
Hero backgroundLand-Based Pollution
Hero backgroundDeforestation and Agricultural Conversion
Hero backgroundAquaculture Practices
Hero backgroundOverfishing and Destructive Fishing
Hero backgroundMangrove Deforestation
Hero backgroundUnsustainable Tourism
Hero backgroundCoral Reefs Restoration
Hero backgroundWastewater
Hero backgroundRising Oceanic Temperature
Hero backgroundDisease & Invasive Species
Hero backgroundGarbage & Solid Waste
Hero backgroundCoastal Development

Conservation of Reefs for all Lives and Livelihoods (CORALL) Conservation Trust Fund [CCTF] is established to support the collaborative management (co-management) of three priority coral associated seascapes. Bar Reef, Kayankerni, and Pigeon Island, including core MPAs and satellite patches of climate refugia coral reefs, by strengthening law enforcement, conservation efforts, and environmentally responsible practices. They provide necessary financial resources to seascape-wide co-management committees, called Special Management Area Coordinating Committees (SMACCs) and more local Community Conservation Groups (CCGs) to to prevent illegal activities and protect coral ecosystems. The CCTFs will also support the implementation of the Management Effectiveness Tracking Tool (METT) and Green Listing for improved Marine Protected Area (MPA) management and engage coral-dependent communities in sustainable business ventures.

Author Naalin
Region Asia
Country Sri Lanka
GFCR Programme Sri Lanka Coral Reef Initiative (SLCRI)
GFCR Convening Agent International Union for Conservation of Nature (IUCN)
Priority Coral Reef Sites Bar Reef Seascape, Kayankerni Seascape, Pigeon Island Seascape
Sector Financial Mechanisms
Stage Concept/Design
Key Contact Naalin Perera

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