Financial Mechanisms
Seaflower Fund
An independent and long-term sustainable financial mechanism to provide resources for conserving the Seaflower Biosphere Reserve's natural ecosystems and MPAs.
Land-Based Pollution
Overfishing and Destructive Fishing
Unsustainable Tourism
Rising Oceanic Temperature
Disease & Invasive Species
Coastal Development
Coral and urchin diseases and occasional bleaching Marine pollution
The Seaflower Fund is a long-term financing mechanism with two components: a sinking fund for immediate conservation and community support, and an endowment fund aimed at raising USD 5 million to generate sustainable annual returns. It uses a donor matching model to attract co-financing and may incorporate revolving or collective investment tools in future phases to support reef-positive businesses and ecosystem management. Funds from the sinking account can be used immediately to fund biodiversity protection, ecosystem restoration and recovery, sustainable livelihoods, reef-positive businesses, and environmental education.
Region Latin America and the Caribbean
Country Colombia
GFCR Programme Fi Wi Riif (Our Reef)
GFCR Convening Agent Fondo Acción
Priority Coral Reef Sites Islands of Providencia and Santa Catalina
Sector Financial Mechanisms
Stage Concept/Design
Scale to Investment Yes
UNESCO Site Seaflower Marine Protected Area (MPA)
Key Contact Magda Manuela Masquita Mc Keller
