Forest conservationActive

BACoMaB trust fund, Mauritania

BACoMaB is a conservation trust fund that invests its capital and uses the returns to finance Mauritania's coastal and marine protected areas. In 2024 it awarded €840,000: €530,000 to Banc d'Arguin National Park, €190,000 to Diawling National Park and €120,000 to monk seal conservation.

Banc d'Arguin and Diawling National Parks, MauritaniaCoastal wetlands, mudflats and marine protected areasNone
OperatorBanc d'Arguin and Coastal and Marine Biodiversity Trust Fund (BACoMaB)
EcosystemCoastal wetlands, mudflats and marine protected areas
StandardNone
StatusActive
LocationBanc d'Arguin and Diawling National Parks, Mauritania
Overview

Inside the project

The French Facility for Global Environment contributed €1.2 million between 2014 and 2019 to a €17.2 million capitalisation effort co-financed by the Agence Française de Développement and the MAVA Foundation.

The fund was designed to give protected areas facing pollution, overfishing and mining a permanent source of finance.

840,000 EUR
Grants awarded in 2024
17.2 million EUR
Capitalisation effort, 2014 to 2019
3 sites
Funded in 2024

Objectives

  • Provide perpetual finance for Banc d'Arguin National Park and other coastal and marine protected areas
  • Fund conservation and sustainable development activities from investment returns

Approach

  • Capital is invested for the long term and only the returns are granted, so protected areas receive predictable yearly finance.

Sources

Inspect 2 sources
  1. ffem.fr ↗https://ffem.fr/en/carte-des-projets/bacomab-conservation-banc-darguin-national-park-and-other-mauritanian-coastal-and
  2. cafeconsortium.org ↗https://cafeconsortium.org/bacomab-trust-fund-2024-summary/

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