BACoMaB

The Banc d'Arguin and Coastal and Marine Biodiversity Trust Fund, a conservation trust fund that invests its capital and uses the returns to finance Mauritania's coastal and marine protected areas, including Banc d'Arguin and Diawling National Parks. It was designed to give protected areas facing pollution, overfishing and mining a permanent source of finance. In 2024 it awarded EUR 840,000: EUR 530,000 to Banc d'Arguin National Park, EUR 190,000 to Diawling National Park and EUR 120,000 to monk seal conservation. The French Facility for Global Environment contributed EUR 1.2 million between 2014 and 2019 to a EUR 17.2 million capitalisation effort co-financed by the Agence Française de Développement and the MAVA Foundation.