Serengetitrust fund |
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Serengeti |
the problem Despite steadfast Tanzanian and international conservation efforts, the future of the world-renowned Serengeti ecosystem is far from secure. Human populations living around the protected areas continue to expand and have ever increasing resource needs. Efforts to protect this outstanding world heritage need to be reinforced. Traditional conservation support mechanisms have a variety of disadvantages. They are usually short term - most donor funded projects last for about three years - while the conservation issues they attempt to address need a much longer timeframe. Another problem is that priorities for donor financing are often generated overseas and can change at short notice, but long-term conservation issues need locally owned, long-term solutions. In addition, although much of the benefit from conserving the Serengeti can be termed "global" in nature, the amount of funding coming from overseas to secure these benefits is often inadequate. the solution Frankfurt Zoological Society is spearheading an initiative to create a trust fund for the Serengeti. The project aims to establish a tailor-made financing mechanism designed specifically to provide significant long-term, locally-based financing and institutional support for conservation. The fund will also enable additional financial resources to be leveraged from international and other sources. Experience in other parts of the world has shown that a carefully designed and executed process, involving government and other key stakeholders, is required to establish a trust fund. In recognition of this, the project has three distinct phases. Phase I will serve as an start-up phase for defining the issues and to stimulate stakeholder support. Phase II will involve preparation of a detailed business plan showing how the trust will be established and operated, while Phase III will involve launching and supporting the initial operations of the trust. CDC’s contribution CDC and the Frankfurt Zoological Society (FZS) designed the process to establish the Serengeti Trust Fund in partnership. Subsequently, FZS has entrusted implementation of Phase I to CDC, with FZS taking on a guiding role as one of the founding stakeholders. Activities to be undertaken by CDC in Phase I include:
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fact file
main project theme: new financing Synopsis: Environmental funds are an innovative way to ensure long-term, locally based financing and institutional support for conservation. The first phase of this project is designed to help establish a trust fund for the Serengeti. In particular the project will build support for the trust fund concept among key stakeholders, and define critical issues to be taken into account for its development. Customers/Partners:
Other collaborators:
Donor (Phase I):
Location: Serengeti ecosystem, northern Tanzania TIMEFRAME: Phase I: July 2001-March 2002
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