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Madagascar Biodiversity Fund. 10 September 2012 _ IUCN Congress for Nature_ Jeju South Korea. Who and what are we?. An efficient Trust fund. A private foundation under Malagasy law; created in 2005 and granted public utility status
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Madagascar Biodiversity Fund 10 September 2012 _ IUCN Congress for Nature_ Jeju South Korea
An efficient Trust fund • A private foundation under Malagasy law; created in 2005 and granted public utility status • A public interest objective: Sustainable funding of Madagascar’s Protected Areas System (SAPM) • US$ 50 million in capital from primarily public donors • US$ 1 million granted to protected areas in 2012
1,7millions of hectares 15 Protected areas financed 3 International sites included 979 000 People indirectlyaffected
Main purpose Contribute to sustainable human development through biodiversity conservation and enhancement…
How the Foundation works
Private management, public purpose • An independent board, made up of 9 professionals from different backgrounds • A relatively small executive staff • A set of bylaws, policies and manuals governing operations and management, pre-approved by donors • Annual financial audits, meetings with donors, and occasional operational audits
Fundingbehavior Figure 2: difference between funding needed and funding granted Figure 1: evolution of financed areas funding
How the Foundation operates
Exemple of Makira Natural Park 372 470 hectares – 150 000 habitants Manager: Wildlife Conservation Society Specificity : Designed as a vital forested corridor linking the east forests to the north of Madagascar The irrigated area has tripled Riceyields have increased
Exemple of Andringitra National Park Part of the Humid Forests of Atsinanana, a UNESCO world natural heritage 34 613 hectares – 10 313 habitants Manager : Madagascar National Parks Specificity : mountain chain with peaks and pitons up to 2 658 m Grants support overall on-going management
Ambitious Goals • 10 years in the making • Revolutionaryapproach but not alwaysunderstood • Rapidcapitalization but more needed • Change in law: tripling of PA system! • Stability and instability in the middle of crises
Areas of weakness • Fluctuatingfunds: Sustainability, visibility and marketvolatility • Wide spectrum of requiredskills and operationaltasks (from capital markets, to fundraising, to projectselection, review and evaluation) and overhead/staffing limitations • Environmental impact: Where, how to have the greatest impact givenlimitedfinancing in the face of greatneed • Project approach vs independence • Governmentresentment • Diversifying sources of funding: Involving the privatesector; risks of greenwashing • Desire/pressure to do it all
Thank you for your attention! Sahondra RABENARIVO, Board Chair Ralava BEBOARIMISA, Executive Director MADAGASCAR BIODIVERSITY FUND www. madagascarbiodiversityfund.org