Global Fund for Coral Reefs Investment Window (GCF-FP180)

  • Bahamas
  • Belize
  • Brazil
  • Colombia
  • Ecuador
  • Guatemala
  • Jamaica
  • Mexico
  • Panama
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Oct 7, 2021
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Pegasus Capital Advisors LP (Pegasus)
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Climate and Environment
  • Education and Health
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 500.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ GCF website

Updated in EWS May 10, 2022

Disclosed by Bank Sep 14, 2021

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

Fund that seeks to improve the resilience and adaptive capacity of coral reef ecosystems, communities, productive systems and the companies that depend on them. The Fund will invest in companies, projects and / or technologies in the following sectors:

• Sustainable ocean production to address overfishing, destructive fishing techniques and accelerate restoration:
a. Sustainable fisheries (e.g. by-catch reduction, ghost net reduction, follow-up control and surveillance, post-catch processing, supply chain traceability)
b. Sustainable mariculture (e.g. algae farming, fish or shrimp mariculture)
c. Sustainable aquaculture (e.g. shrimp, alternative feed, etc.)
d. Coral farming (for example, artificial reef projects, assisted evolution technology companies, coral farming projects and sexual propagation)

• Ecotourism to address unsustainable tourism and accelerate restoration:
1. Sustainably managed hotel complexes (which may include implementation of coral restoration practices and technologies on surrounding reefs)
2. Tourist activities (surfing, diving, snorkeling, cruises)

• sustainable infrastructure that addresses pollution:
a. plastic waste management (e.g. alternative material, waste collection and sorting, plastic recycling, AI and digital sorting)
b. sewage and wastewater treatment
c. Offshore clean energy
d. Port reception facilities to deal with liquid waste emitted by ships
e. Sustainable agriculture to reduce nutrient runoff (eg use of alternative fertilizers, organic agriculture, precision agriculture, nutrient recycling / capture).
F. Agricultural parks on the island

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.


General media inquiries

GCF Communications
PHONE +82 32 4458 6338 (KST)



GCF Information Disclosure

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