Fiduciary & Grant Management
PACT has a well-established and robust Fiduciary Management Portfolio. Via this portfolio of work, PACT partners with national, regional, and international entities to provide fiduciary and grant management services for the execution of projects/programs in Belize. PACT collects management fees for provision of these services, which makes the portfolio a contributor to PACT’s annual income.
KBA
The project entitled ‘Management and Protection of Key Biodiversity Areas in Belize with funding from the Global Environment Facility (GEF) and the Protected Areas Conservation Trust (PACT) providing the Fiduciary Services. Implementation of the Key Biodiversity Areas (KBA) project was over a five (5) year period. The project development objective was to strengthen natural resource management and biodiversity conservation in Key Biodiversity Areas (KBAs) off Belize.
MCCAP
The Marine Conservation and Climate Change Adaptation Project (MCCAP) in the coastal areas of Belize was implemented by the Ministry of Sustainable Development, Climate Change, and Disaster Risk Management with fiduciary management assistance from the Protected Areas Conservation Trust (PACT) as the National Implementing Entity (NIE). The objective of MCCAP was to implement priority ecosystem-based marine conservation and climate adaptation measures to strengthen the climate resilience of the Belize Barrier Reef System and its productive marine resources.
REDD+
The Government of Belize with the assistance of the World Bank is implementing the project entitled “Reducing emissions from deforestation and forest degradation (REDD+) Readiness Project in Belize” with Grant funding from the Forest Carbon Partnership Facility “FCPF”. PACT provides fiduciary support to the Project while the Ministry of Sustainable Development, Climate Change and Disaster Risk Management (MSDCCDRM) has been appointed for the overall implementation.
Selva Maya
The Selva Maya is the second largest tropical forest in the Americas, covering approximately 42,300 km2 between Belize, Guatemala, and Mexico. Its extraordinary diversity of endemic and endangered species, important historical and cultural heritage, and invaluable contributions to ecosystem processes make it a critically important area for the regional economy. These three governments, with cooperation from the German Development Bank (KfW) initiated a project to maintain the ecosystem functions and cultural values of the Selva Maya that promote the welfare of its people and provide environmental services of global importance. PACT has served as the fiduciary manager on behalf of the government of Belize.
Belize Nature Conservation Fund
Officially established in 2004, The Belize Nature Conservation Foundation (BNCF) was the product of a Debt for Nature Swap with the United States Government and local NGOs. This agreement required the US Government, with funds from The Nature Conservancy (TNC), to retire US$ 9M in debt from the Government of Belize. Through this agreement funding is provided to registered management organizations of terrestrial protected areas to carry out projects in the areas of general park management protection, environmental education, equipment, training and research. PACT serves as the administrator of the Foundation’s grants program.
MarFund
PACT is a founding member of the Mesoamerican Reef Fund (MAR Fund), which is a private, non-profit corporation created by four environmental funds in Mexico, Belize, Guatemala, and Honduras. The MAR Fund mission is to conserve the resources and natural processes in the Mesoamerican Reef region for the benefit of present and future generations through the management of natural resources and technical and financial support for priority areas and issues such as water quality, sustainable tourism, sustainable fisheries, and institutional strengthening. The Protected Areas Conservation Trust serves as the administrator of its Grants Program in Belize.
MAR2R
The MAR2R Project aims to strengthen the integrated management of water resources in Belize through the design of policies and instruments for water planning in the Belize river and New River watershed, under the ridge to reef approach.