1. RedLAC Workshop May 9 th to 11 th, 2007 Lima, Peru

2. Why PACT? NGO movement Consultation workshops Visitor willingness surveys to pay Expressed need for a sustainable financing mechanism National entity for conservation Sustainable financing mechanism

3. What is PACT? Revolving, Sinking, and Endowment Funds Capitalization (05/06) :Approx. BZ$6,000,000.00 Bz Endowment Fund shall receive no less than 5% of all revenues per fiscal year Endowment Fund (05/06): BZ$2,700,000.00 Bz Primary Objective: Assist, via grants, the management, conservation, development of protected areas and wildlife species (CITES)

4. Sources of Funds Cruise Ship Passenger Head Tax Conservation Fee paid by tourists on their departure Investments and Individual donations

5. Source of Funds Tourism Dollars  88% of revenue comes from tourism as payment for environmental services  Cruise Tourism - $2,073,077 Bz (05/06)  Conservation Fee - $1,849,138 Bz (05/06)  Revenue supported by PACT ACT Legislated on January 2 nd, 1996  Outlined in section 21  Legislation states PACT is responsible for direct collections

6. Revenue Streams Protected Areas Conservation Trust Trust Fund Endowment Fund Grants Operational Expenses Conservation Fee (USD$3.75) 20% of Cruise Ship Passenger Fees other

7. Revenue Distribution (Policy)

8. Revenue Distribution Actual 05/06

9. Revenue vs. Expenditure Collected from 1996 to 2006

10. 137 Grants have been awarded to date, totaling BZ $7,748,193.38 Bz from January 1996 to January 2007  4 Large Grants, all ongoing totaling over $3.7 million  2 Medium Grants, 1 ongoing, totaling over $500,000.00  75 Small Grants, 10 ongoing, totaling over $2.2 million  46 Scholarships, 1 long term training and 2 Professional D evelopment Grants, totaling over $900,000.00  7 Research Grants, 6 ongoing, totaling over $100,000.00 Grants Fact Sheet

11. Grants Distribution from January 1996 to January 2007 All in $Bz.

12. Activities Funded Demarcation of boundaries Research Institutional Strengthening Infrastructure Development Scholarships/Short-term training Promotional Materials Environmental Education Monitoring Activities Capital/Office Equipment

13. Grants Fact Sheet Business Plans  $152,186.24 Bz was invested in the development of two business plans  St. Herman’s Blue Hole – BAS  Laughing Bird Caye - FoN  Essential for long term financial sustainability while increasing operating effectiveness and efficiency of protected areas management

14. Grants: National Scope  Large Grants  University of Belize - $945,000.00 Bz (partnership)  Develop the Natural Resources Management Program  Forest Department - $867,438.00 Bz  Improving Protected Areas Management through the institutional strengthening of FD  National Protected Areas Policy and System Plan  PACT invested $300,000.00 Bz to the development of the plan

15. Grants: National Scope Leveraging of Funds  Leverage partnerships for project funding to NGOs with CI, Oak, TNC, MARFund, GEF/SGP  Leverage partnerships for tertiary degree scholarships with INCAE, CATIE, EARTH and University of Belize  One to one matches

16.  Large Grant for Friends for Conservation and Development (FCD)  a three year project to develop and implement a comprehensive and integrated management program for the Chiquibul National Park and Maya Mountains Key Biodiversity Area, the largest protected area in Belize.  PACT - $800,000.00 Bz.  counterpart funding from The Critical Ecosystems Partnership Fund and The Nature Conservancy - $1 million Bz.  FCD will receive a total of $1.8 million Bz. Grants: National Scope Leveraging of Funds

17.  The University of Belize  PACT contributed $945,000.00 Bz  Counterpart contribution from OAK Foundation, The Nature Conservancy and Earthwatch Institute totalled - $2,691,750.00 Bz  Total funding for development of NRM Program - $3,636,750.00 Bz  The National Protected Areas System Plan  PACT contributed $300,000.00 Bz  Counterpart funding amounted to $500,000.00Bz  Total funding for development of plan approximately $800,000.00Bz Grants: National Scope Leveraging of Funds

18.  Memorandum of Understanding with CATIE of Costa Rica  PACT contributes 1 scholarship and INCAE contributes 2 scholarships for Belizean students  Memorandum of Understanding with Earth University of San Jose Costa Rica  PACT contributes 2 scholarships and Earth contributes 3 scholarships to Belizean students. Grants: National Scope Leveraging of Funds

19. Accomplishments Number of Protected Areas supported with Grants – 36 (Approx. 40% of the System) Number of Non Governmental Organizations, Government Departments and Associations that have benefited from PACT’s Grants program – 31

20. Management of the Other Funds Leveraging our experience in investment and grants management over the past ten years PACT can administer grants at a much reduced cost since it does not have to invest in Capital Opportunity for coordination and co-financing of projects and programs More finances can go directly on the ground Eg. PACT Foundation and the Oil Fund

21. Management of the Trust Fund Interim audit at half year Full audit at end of year by independent internationally affiliated audit firm Budget based on projects in the pipeline and historical trends of revenue Management team drafts budget Departments defends budget to management and Staff Budget reviewed and approved by Board External evaluation of projects Proactive and responsive approaches to grant funding

22. Our Strengths 10 years experience in managing grants Network and dialogue with NGO’s and CBO’s throughout the country Active Support from Government policies : - Debt for Nature Swap - National Protected Areas Policy and System Plan Coordinating role International Alliances: MARFund, RedLAC, IUCN Leverage partnerships

23. Future Plans  Revision of Grants Manual and Grants Process  Communications Strategy  PACT will endeavor to implement the National Protected Areas Policy and Systems Plan through the provision of medium and large grants. These projects should leverage PACT funds for national and/or regional impact.  Refocusing of PACT Small Grants  Continue building capacity of CBOs and smaller NGOs  Mentorship Programme

24. Other Future Plans  More autonomous Board/New Legislation  Development of a fundraising campaign  Support implementation of Environmental Education Strategy  Administrative Fee Support up to 20%

25. Thank You! To Donate to Belize’s Protected Areas visit us at… www.pactbelize.org