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The Global Environment Facility (GEF) through the World Bank has contributed US $7.2 million to the Caribbean Biodiversity Fund (CBF) to promote the conservation, protection, management and expansion of national protected area systems and other areas of biodiversity significance across the Eastern Caribbean region.

The marine and coastal resources of the Caribbean - its coral reefs, beaches, fisheries and mangroves - serve as an essential economic engine.

However, unstable coastal development, climate change and overfishing, as well as land-based sources of sediment and pollution are negatively impacting the region's marine and coastal ecosystems.

THE CBF will distribute the proceeds generated by the investment to conservation trust funds that are in the process of being established in Antigua and Barbuda, Grenada, St. Kitts and Nevis, Saint Lucia and St. Vincent and the Grenadines. These locally-managed funds will make grants to government agencies and non-governmental organizations to execute conservation projects with a strong emphasis on marine habitats.

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