What is one of the biggest barriers to effective marine co-management?
Insufficient long-term sustainable financing.
Management entities are often unable to meet necessary day to day operational costs of management. At best, Locally Managed Marine Areas (LMMAs) in the region remain heavily reliant on external donors for their establishment and running. At worst, management is ineffective. As such, there is a need for an improved understanding of the costs of LMMAs, not just in terms of LMMA operations, but also any costs to local communities and other local stakeholders, in order to develop and integrate financing instruments that respond to these. CORDIO East Africa have teamed up with The Landscapes and Livelihoods Group to do just this.
Report overview and framework:
We recently conducted and published a desk-based review on sustainable financing for community-based marine management. The review aimed to summarize current thinking and approaches to sustainable financing of conservation actions, to establish key concepts, and embed this in the specific context of community-based marine management appropriate for the WIO. We revised the definition of financial sustainability to accommodate for community-based marine management, defining financial sustainability as:
The ability to secure stable and sufficient long-term financial resources, allocated in a timely manner and appropriate form, to cover the costs of community based marine management and to ensure that LMMAs and other forms of community based marine management are managed effectively and efficiently with respect to both conservation and any other specified objectives
Developing conservation finance solution starts with a diagnosis of the challenge and defining the needs, and then logically flows through to response and delivery (Figure below, Meyers, et al. 2020). This holistic “systems thinking” approach accounts for the specific challenges and opportunities through an understanding of the social, political, and economic drivers (often threats) and underlying constraints and aims to clarify the key stakeholders including decision-makers and cost bearers. In this way, sustainable financing cannot be separated from the management of the marine resources but is part and parcel of the design, establishment and implementation of effective LMMAs.
Main areas of the review:
This report was co-led with our partner, The Landscapes and Livelihoods Group – TLLG as part of LEAP project, led by IUCN-ESARO. We welcome any feedback you may have, both on this or on our wider conservation finance work – please get in touch with Nafeesa Esmail at email@example.com or firstname.lastname@example.org