Blue finance is exploring with Government and key actors the establishment of a co-management arrangement for the Marine Sanctuary “Arrecifes del Sureste” (8500 km2 of coastal and pelagic ecosystems)
Blue finance is partnering with the Government, communities, NGOs and business leaders to explore the potential of a co-management agreement for the Marine Sanctuary “Arrecife del Sureste”. The Sanctuary (> 8500km2 of coastal and ocean areas) is critical for DR in terms of marine biodiversity (especially coral reefs) and economic development (>16 000 households depending on coastal ecosystem services).
The Dominican Republic has a positive track record of co-management agreements with several marine and terrestrial sites already protected under this kind of partnership (The co-management approach is embedded in legislation). The Ministry of Environment is exploring with BF the co-management option, to ensure sustainable financing and efficient management of the aforementioned areas.