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Funded by the Global Fund for Coral Reefs (GFCR), Maldives Resilient Reef Ecosystem and Economy for the Future (Maldives RREEF) project aims to establish sustainable financing mechanisms to support coral conservation and facilitate the development of, and investment in, projects and businesses that sustainably contribute to the resilience of coral reefs and the communities living on these atolls. The project will engage local private sector actors, including micro, small, and medium-sized enterprises led by men and women; support the development and deployment of incubators and accelerators for coral-positive entrepreneurs and enterprises; promote the use of and access to diverse and innovative financial instruments; and catalyse private sector finance at scale to protect Maldives’s reefs and build the resilience of local communities through the Blue Economy.
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