Blue Fund
Costa Rica
The Blue Fund Costa Rica is a joint fundraising strategy between the Government of Costa Rica, the Forever Costa Rica, Bezos Earth Fund, Re:Wild and other donors.
This financial mechanism complements the country's marine and coastal conservation efforts.
30% marine protection
In 2021, Costa Rica achieved the global goal of 30% marine protection .
This initiative is part of the country's efforts to fulfill its commitment to marine biodiversity conservation as part of the High Ambition Coalition for Nature and People, co-chaired by Costa Rica, France, and the United Kingdom.
Blue Fund Costa Rica
Initial fund amount
Fundraising goal
Duration
Effective management
To effectively manage the 30% of protected marine territory, mechanisms and financial resources are required, as well as collaboration between the public, private and civil society sectors.
Strategic lines of action
The Blue Fund Costa Rica will implement projects through calls for proposals, through non-governmental organizations (NGOs), academia, the private sector or consortiums, in these strategic lines of action:
1. Management effectiveness
Implementation of management plans, control and surveillance activities, monitoring and research, and adaptation to climate change.
2. Blue economy
Sustainable use of marine resources, responsible fishing, sustainable tourism, transformation of fishing gear and practices.
92% of Costa Rica is sea
Costa Rica is home to 3.5% of the world's reported marine species 1, including 85 endemic species, and has 23 marine protected areas of various management categories totaling more than 165,000 km2.
Governance Structure
Forever Costa Rica, within the framework of its public-private partnership with the Government of Costa Rica, will manage the financial resources of the Blue Fund Costa Rica, under the following structure:
Board of Directors
Donors
Decide investment amounts, revise commitments and priorities
Advisory Council
MINAE-SINAC, Incopesca, Donors
Select call for proposals' funding priorities.
Technical Commission
Government institutions, academia, NGOs
Provide recommendations and technical advice.
Blue Fund Costa Rica
With the support of:
Reversing the loss of marine biodiversity, strengthening ecosystems and maintaining the long-term health of the oceans requires significant efforts and immediate action. Join us as we continue to build this fund to help sustain our oceans forever.
