The MedFund grants 1.8 million euros for the benefit of marine protected areas in the Mediterranean Sea
In a global context shaken by an unprecedented health crisis, The President H.E. Mr. Fautrier and The MedFund board members were keen to maintain their 12th Board of Directors, held by videoconference on Tuesday March 24th.
The Board of Directors approved the funding of €1.8 million for the Marine Protected Areas in Tunisia and Albania for the next 5 years. This financial support, granted to local civil society organizations and national agencies in charge of protected areas, contributes to the sustainable financing of effective management of these natural areas.
Thus, the marine protected areas of Kuriat, Galite, Kneiss, Zembra and Zembretta islands in Tunisia and the Karaburun Sazan Marine Protected Area in Albania will benefit from The MedFund support until 2024 in order to preserve the marine ecosystems and the populations that depend on them.
A next call for interest will be launched in June to support new marine protected areas in the Mediterranean sea.
The MedFund benefits from the financial support of the Government of Monaco, the Prince Albert II of Monaco Foundation, the Global Environment Facility (GEF), the French Facility for Global Environment (FFEM) and Agence française de développement (AFD).
Effective management of the Mediterranean Marine Protected Areas (MPAs) is a condition for ensuring sustainable protection of marine biodiversity. Since it requires significant and sustainable financial and technical resources, France, Monaco, Tunisia and Prince Albert II of Monaco Foundation created in 2015, an environmental fund dedicated to Mediterranean MPAs: The MedFund. By strengthening the management of existing MPAs and the sustainable use of marine and coastal resources, The MedFund contributes to the protection of some of the most sensitive marine areas in the Mediterranean Sea. Our goal is to support twenty MPAs in 7 Mediterranean countries by 2025.
Read more www.themedfund.org