format.
Dick Shaw: and disseminating that information through our publishing division, we now have an open access Journal and another on the pipeline.
Dick Shaw: And that's a crucial way of getting information out there kathy's been a publishing company was a research organization first and then generated a publishing division which became much larger than the research side.
Dick Shaw: Over time, because we needed to disseminate the information we had in our hundred year history and then valley change and trade is about.
Dick Shaw: adding value along the supply chain, to make sure that the the smallholder farmer gets the best bang for their buck effectively and what they can provide for their families.
Dick Shaw: And the products that we package up there's one crucial one missing here, which is projects we manage and deliver hundreds and hundreds of projects around the world and that's what i'm most involved in and Bob has been particular.
Dick Shaw: But, obviously we have books and ebooks and you can get all this for the Academy website, as you join.
Dick Shaw: Online resources tools and Apps education, you can read the stuff but open access services are growing massively for can be our models are changing very quickly with the support of our member countries and the fees they pay.
Dick Shaw: And I do recommend you have a look at this caprica be agriculture biocides gentle and, hopefully, think about publishing in it, because it's becoming quite a high impact journal as time goes by.
Dick Shaw: So onto Caribbean obviously we've been there, a long time since 1946 we've released over 100 mind control agents and, of course, the famous pink hibiscus mainly bank which my colleague Tony was involved in way back when.
Dick Shaw: We reviewed invasive species in the region implemented various projects on invasive species, of course, many of which were mirrored in Africa and Asia, and my colleague on a will be speaking shortly about some of those I believe.
Dick Shaw: and obviously the current project which Bob highlighted in his introduction.
Dick Shaw: And the key lesson for these projects is available funded funding post project, this is not a new thing this is something.
Dick Shaw: we're experiencing Europe over here lots of projects have very good wishes very high targets and then the moment the money dries up that's the end of it.
Dick Shaw: And everyone reinvent the wheel again and that continuity that allows us to be much more strategic and thinking about invasive species and their prevention mitigation and long term management early intervention, of course, and long term management is is paramount.
Dick Shaw: The idea of sustainable funding does allow us to make sure you've got the human resource and skills and resources to make sure that they can actually deliver what's needed.
Dick Shaw: Keep awareness of invasive species high on the profile and i'm involved in a perceptions paper at the moment on exactly that subject of who understands what amazes and indeed biological control so it's a really complicated subject.
Dick Shaw: arises scanning and prioritizing what might come, and those are crucial things that you can do through.
Dick Shaw: Indeed cabbies.
Dick Shaw: horizon scanning tool and pest risk assessment tool is on our website.
Dick Shaw: And then we have.
Dick Shaw: If we could stop that.
Dick Shaw: Feedback Bob can you can you mute that particular.
Dick Shaw: One that's helpful.
Dick Shaw: And then, promoting political control solutions where appropriate or not always appropriate but they often are the most sustainable and environmentally friendly approach that we can take.
Dick Shaw: And then short term measures to protect vulnerable populations of endangered endemic species, a specialist things for very, very threatened an endangered species is always a good approach, so the meeting we're having today is to ensure.
Dick Shaw: that the structure of this works to meet those needs of the beneficiary organizations which you represent.
Dick Shaw: To make sure that we have awareness and bind so people know what's happening and how they can bring their power to bear and, of course, look at the potential for potential donors to fund this excellent initiative so i'm hope.
Dick Shaw: that's given you.
Dick Shaw: A bit of an insight into cabbie, in particular, obviously, was a big caveat focused but that's why i'm here and I hope that the rest of your meeting continues very well and I will watch with enthusiasm.
Dick Shaw: Thank you, if you have any questions, please go ahead.
Naitram Ramnanan: Thank you very much day.
Naitram Ramnanan: So I don't think we have.
CBF Secretariat: Any.
Naitram Ramnanan: Questions or.
Naitram Ramnanan: The questions will come late in the discussion based So are we a little bit behind time but so it gives me great pleasure to introduce Mrs Karen McDonald gail when I first met her, she was the finance manager I think at the CBS she's now currently the.
Naitram Ramnanan: Chief Executive Officer of.
Naitram Ramnanan: The Caribbean diversity fund so Karen it's over to you please feel free to do a proper introduction of yourself before you start.
Karen McDonald Gayle CBF (Jam): Thank you, thank you very much for the introduction, yes, so when you started, I was the conservation finance program manager.
Karen McDonald Gayle CBF (Jam): And I want to take a minute to acknowledge Andrea, who is the current conservation finance program manager, as well as the CBS team and, in particular, I see.
Karen McDonald Gayle CBF (Jam): To of our board members with us Brenda john from St Kitts and Nevis and carolyn troubetzkoy from St Lucia Thank you very much to all for joining.
Karen McDonald Gayle CBF (Jam): dig very unusual it's very cloudy in Jamaica, which is where I am based, so we are.
Karen McDonald Gayle CBF (Jam): Just as hard time gathering, as it has been in the UK so it's one of those days, as I will said I am.
Karen McDonald Gayle CBF (Jam): That now the CEO of the Caribbean biodiversity fund, I always make sure to say.
Karen McDonald Gayle CBF (Jam): My Caribbean heritage my mother is Trinidad and my father is Jamaican so I claim true West Indian citizenship, and I do follow cricket so I definitely.
Karen McDonald Gayle CBF (Jam): keep that in mind, and my role today is to tell you a little bit more about the Caribbean biodiversity fund and the link that we.
Karen McDonald Gayle CBF (Jam): Have I think we will play in terms of the the Trust Fund that has been developed so i'm going to go right into it with a bit of history.
Karen McDonald Gayle CBF (Jam): Which is for those who may have heard of the Caribbean challenge initiative, and I also acknowledged carolyn troubetzkoy, who is here as the CCA envoy.
Karen McDonald Gayle CBF (Jam): That is what started the process for the development of the Caribbean biodiversity fun so in the beginning, there was a discussion over having a goal in 2008 of 20 by 20 20% marine protected areas by 2020.
Karen McDonald Gayle CBF (Jam): When we put that goal together the cultures of the Caribbean made sure to declare that they also needed with that sustainable finance.
Karen McDonald Gayle CBF (Jam): And that's where the design and the feedback for what became the Caribbean bad evers to came from the CDF is an umbrella environmental fun.
Karen McDonald Gayle CBF (Jam): It is now what we call a specialized Conservation Trust Fund and the idea behind it, is that it will be able to have a flexible structure to create and have opportunities for Conservation Trust Fund management.
Karen McDonald Gayle CBF (Jam): In the Caribbean specific to the Caribbean, so the idea of innovative solutions resource mobilization the creation of financial instruments are all within the construct of what we now call the Caribbean sustainable finance architecture.
Karen McDonald Gayle CBF (Jam): We have a from those our mission and vision which is based on continuous funding for the region and a Caribbean region where there is a balance between our people and our environment.
Karen McDonald Gayle CBF (Jam): So currently there is a setup of three major programs within the Caribbean biodiversity fund, and that can grow.
Karen McDonald Gayle CBF (Jam): So i'm going to give you an overview of all and then we will talk a little bit more, in particular, about the conservation finance program which really.
Karen McDonald Gayle CBF (Jam): embodies and and holes within the endowment fund, which is where the Trust Fund for the CIA, the CIA, as would would fall.
Karen McDonald Gayle CBF (Jam): So we have a conservation finance fund, which has both an endowment as well as other projects.
Karen McDonald Gayle CBF (Jam): Working with national Conservation Trust funds so other types of trust funds already exist within the structure the CVs.
Karen McDonald Gayle CBF (Jam): That we are supporting through this endowment fund and through this process of conservation finance.
Karen McDonald Gayle CBF (Jam): Support to trust funds, we also have a component that looks at climate change and is working specifically on eBay which is ecosystem based adaptation.
Karen McDonald Gayle CBF (Jam): And I already apologize for the acronyms that we all know, we are joining in, and we also have a nature based economies program which will be starting later this year and focuses so far.
Karen McDonald Gayle CBF (Jam): On circular economy, so the first program will be an advancing circular economy sinking fund, which will be as you can see.
Karen McDonald Gayle CBF (Jam): funded in major part by the government of Germany through the Development Bank K fw as one of our major funders throughout the CBS and indeed in the startup of the CBS.
Karen McDonald Gayle CBF (Jam): And just to give you a sense of some of the countries we are working in and some of the programs I won't spend too long on this, if there are questions.
Karen McDonald Gayle CBF (Jam): please feel free to let me know as well, what I will do is just pass this around afterwards to give you a little more about the other programs, we are working with.
Karen McDonald Gayle CBF (Jam): In terms of the as advanced in circular economy facility, which is a grant making straight grant making program from the CBS.
Karen McDonald Gayle CBF (Jam): And ABC facility, which is now about to launch its fourth call for proposals focused on ecosystem based adaptation.
Karen McDonald Gayle CBF (Jam): But our target today on our focus is on the idea of the CBS endowment fund through the initial input from the CCI there was created the CBS endowment fund and the idea behind it at the time.
Karen McDonald Gayle CBF (Jam): Sorry okay i'm hearing background the idea behind it at the time was a creation of Sub accounts for each of the countries that were part of the CCI and CBS process to be able to create these.
Programme Officer: Women.
Karen McDonald Gayle CBF (Jam): Probably tournament sorry Bob.
Karen McDonald Gayle CBF (Jam): Bob is he.
Karen McDonald Gayle CBF (Jam): Well, I don't know if you can help me with the music.
Programme Officer: Is these are CDF endorsement phone looking at.
Karen McDonald Gayle CBF (Jam): Hello.
Naitram Ramnanan: hello, can we check the questions after please.
i'm looking at.
Karen McDonald Gayle CBF (Jam): So let me go back sorry that was distracting do I know how to go back there you go.
Karen McDonald Gayle CBF (Jam): So the Caribbean biodiversity fund was established, first with the the country sub accounts and the idea behind them is a creation of these.
Karen McDonald Gayle CBF (Jam): National Conservation Trust funds which then take the money, just like any other end of may take the in the interest on the endowment the capital.
Karen McDonald Gayle CBF (Jam): and make payments to these national Conservation Trust ones for grant making on the ground in the various countries and the CBS.
Karen McDonald Gayle CBF (Jam): pause the cat the principal to cap the first amounts received and the interest and indeed manages the investment of the endowment.
Karen McDonald Gayle CBF (Jam): And as you can see, this is where we are now in fact you can see, the very end of this, you will see that, in addition to the countryside, because we already have one additional sub account within the CBS endowment and the idea is that we will continue.
Karen McDonald Gayle CBF (Jam): As CBS at a regional level to promote facilitate funds such as these, an endowment.
Karen McDonald Gayle CBF (Jam): portfolio, such as these, for the region, and this is where the discussion with cabbie and the CIS has come has come in, because we when and when we started out the funding the CIS tf would have its own.
Karen McDonald Gayle CBF (Jam): Green bar on this and become the next sub account for the CBS endowment.
Karen McDonald Gayle CBF (Jam): I wanted to also let you know for the countries that we do have sub accounts with each of them has been set up slightly differently, either as a registered entity under their companies act or as.
Karen McDonald Gayle CBF (Jam): legal entities so registering as an NGO works for CIS and I also wanted to show you the progress that we've made in terms of starting up trust funds and the end experience, we now have, so we started with this kind of read just to use a traffic light.
Karen McDonald Gayle CBF (Jam): metaphor, and as you can see, we now have our 12 trust funds really well on their way, and most of them, making and receiving their first payments from the CBS using the CDF criteria.
Karen McDonald Gayle CBF (Jam): That all to say that we have lots of experience in supporting just fun and trust and management.
Karen McDonald Gayle CBF (Jam): Our most our latest partner is from Ghana, we say the partnership agreement with the Ghana protected areas trust in May of this year, and we were very thrilled to do so.
Karen McDonald Gayle CBF (Jam): And we are also working on a range of projects that support the development of Conservation Trust funds and trust funds, such as the national ones and the ones, he is is funding in terms of capacity development, and these are some of the partners, we are in discussions with.
Karen McDonald Gayle CBF (Jam): In terms of the way forward for CBS it will, the idea is exactly what we're talking about today, the idea of growing what we're doing in terms of partners such as cabbie who are regional effective regional partners in biodiversity management.
Karen McDonald Gayle CBF (Jam): Thinking about new themes and ideas for our programs and thinking about new areas that the CBS can find areas of support in.
Karen McDonald Gayle CBF (Jam): We will continue to grow out this opportunity with cabbie is a very great one in terms of showing the next steps and the possibilities for.
Karen McDonald Gayle CBF (Jam): The region, working together to figure out next steps, there are lots of mirrors and and parallels to the discussions we've already had with a number of our national.
Karen McDonald Gayle CBF (Jam): Conservation Trust funds and i'm very excited to be able to explore the possibilities with the partners here today, the stakeholders and answer any questions that you might have on how the Caribbean biodiversity been operates.
Karen McDonald Gayle CBF (Jam): As I mentioned before, we will continue to grow and evolve new policies new programs, we will make sure that we are meeting the needs of the Caribbean region in terms of bad ever see going forward.
Karen McDonald Gayle CBF (Jam): And we will also make sure that some of the needs of the donors in terms of environmental and social safeguards gender equality, our pool within the CBS to make it a more effective.
Karen McDonald Gayle CBF (Jam): organization that can respond to the needs of regional partners such as our national conservation transplants, but also including our other beneficiaries and groups like the CIS that we would develop.
Karen McDonald Gayle CBF (Jam): The only other thing I wanted to spend a minute on was the idea of operational costs, what we do within the the.
Karen McDonald Gayle CBF (Jam): endowment fund is that we provide regular payments to the national Conservation Trust funds for their own operations on the ground.
Karen McDonald Gayle CBF (Jam): The national Conservation Trust funds are each autonomous, independent entities with their own boards.
Karen McDonald Gayle CBF (Jam): And their own structures which you will hear more about for the CIS circumstance, and that is something we encourage in terms of our role in the process.
Karen McDonald Gayle CBF (Jam): So with that very quick overview, I hope you have an idea of what the CBS does, and I welcome feedback and questions and we at CBS are very excited to talk with the stakeholders here today and possibilities going forward, thank you very much.
Naitram Ramnanan: Thank you very much Karen and if there any questions you can post them in the chat and we can come back to them at the discussion phase after the presentation.
Naitram Ramnanan: On, so I think both deck and I made this case or tabby having quite a bit of experience in managing invasive species projects in several parts of the globe.
Naitram Ramnanan: So I will now like to invite my colleague on the web, who has been on the forefront of the majority of these projects and the Caribbean, Africa and Asia.
Naitram Ramnanan: To give us a bit of experience, experience and to make the case of why sustainable funding is absolutely critical, because all the millions that are put in into these projects.
Naitram Ramnanan: As he, as he is famous of saying they go down the drain if there's no sustainability so over to you.
Naitram Ramnanan: feel free to again introduce yourself if I think I didn't do justice to.
Naitram Ramnanan: What you to.
WittA: Now you did Bob Thank you very much, thanks so much and good morning everyone I hope your day has started off really well, so you have to listen to me for about 10 1520 minutes.
WittA: But i'm gonna write a quick overview of the issue with invasive alien species summer experiences with previous projects as Bob mentioned in the previous Jeff project and the Caribbean and Jeff projects in Africa and in Southeast Asia.
WittA: If I can get my screen to.
WittA: was not going down.
WittA: Okay, there we go Thank you Okay, so all of you are familiar with this and then and I always I don't like the idea of.
WittA: Actually prioritizing the impacts, will the negative impacts that various activities are having on biodiversity, because I think prioritizing them.
WittA: Is a larger waste of time, because I think many of them don't operate in isolation, so a lot of them are working together to contribute to the demise of.
WittA: Biodiversity, but you can see, obviously the invasive alien species, one of the top five threads to biodiversity, someone goes first thing it's the second biggest it, but like I said I don't really like.
WittA: The idea of prioritizing them I think they all need to be addressed if we want to contribute to biodiversity conservation.
WittA: And we shouldn't forget that with climate change issues with non invasive alien species are going to get significantly worse.
WittA: And we're already seeing that will increase in carbon dioxide levels is a huge benefit to invasive.
WittA: And we also need to remember that you know, one of the issues facing bottom, this is pollution.
WittA: But you also need to recognize him as various pieces all biological pollutants and managing and controlling biological gluten is often more difficult than dealing with chemical pollutants, for example.
WittA: client invasions country contribute to landscape degradation.
WittA: And we've already spoken to you in CCD to include invaded landscapes.
WittA: In what I understand to be degraded lands.
WittA: often feel great on the recent paper that they're working on in South Africa, we buy they have determined that managing invasive species benefits of managing managing invasive alien species far outweigh those associated with restoring degraded lands managing for Bush encouragement.
WittA: And we also need to remember, they need a serious impact on range of sectors.
WittA: And then biodiversity so crop and post production human, animal health or takes it really is a cross cutting issue I don't know what happened to my slide that I put in there, but anyway and.
WittA: We need to remember that every landscape is a risk of invasions evening here is that are currently uninhabited and such protected by default, and this is what i've seen throughout the landscape so Robin top to the highest.
WittA: Mountains, which are uninhabited in which few people get to there will be invaded so every conceivable habitat on this planet will be invaded at some other time if so invaded really.
WittA: And the thing is won't be able to keep them, not even protected areas, obviously not be able to keep them out, you can put a pie walls.
WittA: could have high fences we can do it every like some invasive species always going to find a way in.
WittA: say too invasive alien species, obviously, as I mentioned many times, going to get worse, and I think we're ultimately facing is something which I call them or janine we buy.
WittA: furniture for at a global level will be dominated by few hundred devices alien species, a result of that nature based tourism will collapse and and really see the point of.
WittA: This thing the Caribbean, if what if I seen the Caribbean, I can find my own home country so what's the point, and so I think, ultimately, with the increase invasive species.
WittA: Ah, there is the silo want to show with a cross cutting issue of invasive species of before continuous look at those images on the bottom, this is a weed called potassium which is native to Central and South America.
WittA: So it impacts and last production impacts and biodiversity.
WittA: By impacting diversity obviously has an impact on tourism impacts and trade impact on human health.
WittA: And impacts and crop production, so this is just to demonstrate how one invasive species impacts of various sectors and then obviously makes.
WittA: Management incredibly difficult because most of our funding and our governments are sector based so it makes it very difficult for them to to manage issues that affect multiple sectors.
WittA: So main various invasive species management or lack of policies or implementation Europe I think most of us know that.
WittA: Like I said there's little to no coordination to address these cross cutting issues there's never enough money.
WittA: and sustainable funding is a real challenge, especially for low and middle income countries, and that is obviously something we're talking about today.
WittA: And I think I think is one of the most important issues that we need to address in terms of ensuring that is sustainable funding of for invasive species management is obviously insufficient capacity in.
WittA: This obviously lack of lack of awareness.
WittA: and
WittA: And the thing is more of these.
WittA: records any of us we.
WittA: Trade where this.
WittA: Is no money.
Dick Shaw: you're muted on a.
WittA: Sunday just muted me Bob was that you.
Naitram Ramnanan: tried to kill the noise.
WittA: No worries.
WittA: Okay um I mean you know we always forget the impacts invasive alien species have had.
WittA: Over time, and I mean, these are just some slides the impact that the Black Death had.
WittA: In Europe, and was basically introduced by carried by a fee, which has been moved around, but it is black rat which had been brought in from from Asia and essentially the black red was was contributing to speed of practice which resulted in depth of millions of people.
WittA: And now, my slides are stuck again.
WittA: For some reason.
WittA: Okay, there we go.
WittA: And so massively impacted head and Anna and I always think we forget about these things we have very short memories, in terms of the impact of invasive species, this is another invasive.
WittA: Species was introduced it's a disease and was introduced last fucking quotations into Africa it's could do is called rinderpest and it contributed to.
WittA: About a third of the human population of Ethiopia died as a result, and that obviously it will set a huge impact on the Messiah.
WittA: people's of Kenya and Tanzania and the interesting about during the past is actually had a significant impact on vegetation structure.
WittA: And composition in areas like surrogates you i'm sure many of you are familiar with the verbiage, migration, the Su getting more ecosystem.
WittA: and actually the vegetation instruction and composition, you see, there was affected by by rinderpest indirect impacted by rinderpest, so this is introduced diseases have significant impacts on.
WittA: On a range of sectors and and creating vegetation structure and composition.
WittA: Just showed familiar with the potato blight.
WittA: Which is excellent introduced from North America into Ireland and result in death and move more than a million people and million people fled the country.
WittA: We can talk about things like striker and Monica which we need, which impacts, the lives of 3 million people in Africa continues to amaze losses to value of 7 million panel.
WittA: So let's focus a bit on islands and biodiversity i'm sure you've seen this in some of my in the project document at least we talked a lot about this.
WittA: Islands of really baby badly affected by invasive alien species, more so than than mainland's so since the 1600 59% animal extinctions arose, mainly from the International alien species 36% for abstraction and 20 30% rendering deliberate extermination, this applies manny two islands.
WittA: semester these extensions can islands, the owner elephants in the islands, by the way, to see not confused by my image there.
WittA: And may result of invasive species 1880 to 90% for reptile extinctions at 93% of a bird extinction and 50 to 81% of them or mammal extension so islands are really vulnerable to invasion instances and.
WittA: And we we losing a lot of biodiversity, and despite the fact that there are such a significant threat I don't think most.
WittA: it's more on developing states around the world, actually doing doing enough, a lot more needs to be done.
WittA: In terms of impact from Nice very nice, Mr global scale i'm sure you've heard this trigger before it was take a developer to mentor in 2001.
WittA: The global cost off of eBay Facebook species in terms of impacts and control at 1.4 trillion per year, so this thing is 22 years old there's been no attempt.
WittA: To to provide us with a new figure I mean it requires.
WittA: A lot of work and cellular you know insufficient data to come up with a really good figure that even Eric in that stage $1.4 trillion in 2001 was probably an under estimate considering those little data coming out of many low and middle income countries.
WittA: So the problem that the question is always is yeah we know a lot about the impacts, but is it cost effective to actually manage invasive species, I mean this.
WittA: Point is trying to manage invasive species if if the costs of doing certain way, the potential benefits are controlling them and he is just three or four quick examples.
WittA: With some work done in Fiji with countries for 30, which is also about invasive.
WittA: In parts of the Caribbean.
WittA: And they looked at the cost benefits of managing them there, and you can see the benefits of see point $7 for every $1 spent on controlling them.
WittA: Look at the cost of controlling at a quarter weeds in Florida in the late 1960s, they estimate the cost to be $6 million in the benefits were at $2 million.
WittA: In color work done in South Africa and the cost benefit of managing invasive species, and this was cost benefit of managing invasive in a in famous.
WittA: Which is a type of which is a type of vegetation, which only occurs here in South Africa was found a quest to practice tearing so that's chemical and physical carrying.
WittA: Would range from North point 6% to.
WittA: gnomic value of ecosystem services but increases the value of those services 230 849%.
WittA: there's not a study coming out of surgery where they looked at the value of ecosystem services in South Africa, which was about estimated to be hundred 52 billion Rand.
WittA: per year and about 6.5 million billion was lost too invasive alien species, even the last would have been estimated to be 41.7 million billion is no invasive plan Contriving caridad.
WittA: Between five and 75% of the prediction was due to budget.
WittA: So Derek mentioned the the biological control of the do.
WittA: The hub discuss.
WittA: um.
WittA: yeah yeah thanks thanks Dick.
WittA: And, and the cost benefits of that will also significant, and these are just some examples of the cost benefits or buyer control so, for example, jointed cactus for every $1 invented invested in re research, the benefits in terms of the buyer control agent.
WittA: Reducing the distribution or growth or.
WittA: reproductive capacity or the plotters 1154 so red sea's Banya.
WittA: They invested for every $1 listed there turns a net investment to $45 Montana, which is really hard way to control even there they were there are benefits to to bar control Program.
WittA: and longest what will occasionally failure from Australia, which is highly invasive in South Africa will be $1 spent on research on by control the benefits.
WittA: So in all these cases, the majority of cases, we looked at the benefits of our control.
WittA: For outweigh the costs in developing agent so.
WittA: that's just another demonstration of.
WittA: i'll be an official back control actually is, and how cost effective initially.
WittA: So benefits of management on way costs and most most studies, been able to show that.
WittA: However, despite benefits few countries actively managed in basement in speech various reasons and now i've secure provide you some of the barriers previously.
WittA: The lack of data we don't know in the you know what's be so invasive we don't know what impact they're having.
WittA: You know you have a lack of research capacity to do that, to turn to take that research we don't have resources and often countries and I just don't seem to care, there seems to be no real will.
WittA: from governments actually deal with invasive alien species.
WittA: Maybe there's an idea if you bury your head in the sand, the problem will go away, I don't know but it definitely isn't and it's getting worse.
WittA: The most successful countries are those are super generous government allocation so in most countries that are doing.
WittA: very successful in invasive species management like Australia, New Zealand, South Africa, etc, they invest consider resources of governments and those countries in this console resources in invasive alien species management.
WittA: However, most low and middle income countries are dependent on donor funds and these donor funds or not sustain.
WittA: You can project now for five years and then for the next 10 years you get no project, so all the gains you made in those that five year project or lost.
WittA: And and it's just not an effective way to managing basis species and that's why I will our projects what we trying to do when I don't offend a project is to build the foundations which will facilitate countries in the long term, so foundation that countries can build on.
WittA: which will hopefully contribute to sustained in basically alien species management that it's easier said than done.
WittA: So whenever during a funded invasive species purchase tutors I mean we've had great progress during implementation and Bob will attest to that, I mean not a lot of our projects we produce amazing outputs and then the projects end and the funding ends and.
WittA: sort of everything just dies and slow miserable death.
WittA: Obviously some in some countries have different one country to the next, in some countries, some activities are sustained have been in general.
WittA: They seems to be a significant drop off in with regards invasive alien species management, so we developed the policies often the policies are not implemented in or they are endorsed by governments, but you know resources to actually implement them.
WittA: We developed communication strategies and we do quite a bit of weirdness creation develop training modules we develop the quite a few tools to some countries to managing this alien species.
WittA: But often.
WittA: These things like I said many times already, are not sustained, so this is far too little emphasis and cost recovery recovery.
WittA: In but I mean you know how can you regenerate can find financial finances or resources internally to sustain invasive alien species management and that often requires legislative changes which sometimes in a five year project is not possible to achieve.
WittA: So other threats to funding, I mean I found quite interesting even here, South Africa encoded came around all the many that have been allocated invasive alien species management was sunny taken away and given to dealing with code.
WittA: And what that what that what that happens if you don't manage invasive species, if you have programs to manage invasive species and there's no funding for six months or a year or two years it can set that whole program back by 10 or 20 years.
WittA: And this is exactly what's happened in this country that that absence of funding for two years has meant that we have been set back in reality in terms of achieving our targets for invading species management by decades.
WittA: And and will any investment that has been made previous to to something like curve it.
WittA: has actually been wasted so.
WittA: millions of dollars have been wasted so, for example in the Caribbean, you might have spent millions on removing rats from an island.
WittA: You certainly don't have the resources to implement.
WittA: The prevention Program.
WittA: The rats reinvent the island and you're back to square one.
WittA: You can clear a tract of land of invasive alien plant species, so you do really good work very expensive to clear a box vast area of investment in plants.
WittA: But then you have no money for follow up so all those seeds over those others invasive and implied species sitting in the soil, I germinate and you often end up with the situation worse than you had initially.
WittA: And what i'm trying to get at is that we really need if you want to be effective, and we want to really.
WittA: make a difference, we really need long term funding.
WittA: And that's why I, like the whole idea of this trust fund.
WittA: That that has been initiated in the Caribbean and i'm very excited about it because i'm not aware of any other Trust Fund that has been developed it's just focusing on invasive alien species and and that's why it's very important for us.
WittA: To make this work between, we need to remember that.
WittA: Even with a trust fund is never going to be enough money we really need governments to invest more in invasive alien species management and we need to look more critically at generating money through things are payment for ecosystem services to terrorists, ladies in Texas.
WittA: You also need to invest more in in cost effective in interventions that prevention and by control.
WittA: You know stitching in time saves nine and I think we really not doing enough with with with regard to prevention.
WittA: We need to develop embrace support the development impatient mishaps.
WittA: And everything associated with that prevention, it takes you up response, but again without funds no activities, and this can ever be be implemented.
WittA: So in conclusion, I just like said trust funds can contribute and they're going to play a very important role, and I hope we can make this work in the Caribbean, but we need to remember that other funding streams need to be developed and implemented.
WittA: Ultimately, governments need to be convinced winced about need to invest in invasive species management, so thank you very much.
Naitram Ramnanan: Thank you ronnie and despite you saying that you don't like ranking things I think your data suggests that it basically alien species is one of the biggest strengths about diversity.
Naitram Ramnanan: So thank you for that we running a little bit behind time, so if you have any questions for army, you can put them in the chat and we take it up.
Naitram Ramnanan: In.
Naitram Ramnanan: In a short bit after the presentation from the consultant, Mr Daniel Pereira.
Naitram Ramnanan: it's had some experience in working in Antigua on the region on on setting up their trust when I think so, Daniel.
Naitram Ramnanan: You feel free to introduce yourself before the presentation.
That Daniel you're muted.
Daniel Perreira: There we'll.
Daniel Perreira: Good.
Daniel Perreira: Yes, hi good morning everyone again, thank you for having me here my name is Daniel Pereira an md consultants on this project for this this arm things.
Daniel Perreira: I want to thank Karen deke an army for their presentations of course if laid the groundwork and given us some context for the work that we're doing here.
Daniel Perreira: And so my presentation really is to to present the case for the Caribbean is trust fund and, more specifically, to discuss an operational framework that was developed.
Daniel Perreira: To support this trust fund, of course, as a working document, but I will be presenting on the current ideas that we have how it will be structured setup and managed i'm not willing to take too long and introductions and move right into it.
Daniel Perreira: And, first I want to discuss some of the solutions for sustainable financing that would have come out of work earlier in the preventing cross project.
Daniel Perreira: Bob would have mentioned a study that they did i'm proposing some solutions for sustainable management of a.
Daniel Perreira: And the two major ideas that came out of that report, with the creation of a trust fund, which is what we're discussing now force.
Daniel Perreira: And the use of various policy options in countries to support the financing of is management.
Daniel Perreira: So, briefly, to begin I look at the policy options that we suggested and just give you a bit of insight on what they are.
Daniel Perreira: So the policy options that that came out of that report were mandatory insurance so others that private entities would be taking would be ensuring.
Daniel Perreira: To cover the risk associated with escapes and damage to third parties and the cost of eradication measures in the event of of is invasions.
Daniel Perreira: Additionally, they mentioned the positive performance bonds were contractors will be posting a bond.
Daniel Perreira: To ensure that the funds funds are available to pay the cost of potential damage to the environment, which includes the introduction of is from bio prospecting activities, for instance.
Daniel Perreira: Additionally, fees or charges to provide for bio security at airports, this has been implemented in some locations, but we do understand that in the Caribbean, we already have a number of extensive fees at airports for travel.
Daniel Perreira: Of course, in addition, they are levies and taxes and specifically environmental taxes, both of which recognized and acknowledged that businesses.
Daniel Perreira: Have impact on the environment, and as such taxes to cover the impacts should be accounted for and in, specifically with regard to is a lot of trade activity is released is.
Daniel Perreira: Proof and spread throughout the region, but these are some policy options and we're not going to dwell too long here.
Daniel Perreira: Because the main crux of this of arguments, is that we should be looking at a trust fund for sustainable long term financing for is management.
Daniel Perreira: And the idea of this stressful the Caribbean is trust fund is that will be able to mobilize and blend of variety financial resources and take on a strategic focus for is project management throughout the region.
Daniel Perreira: Now there's no other Trust Fund in the region that that has this specific.
Daniel Perreira: aim and target and we have seen that is already an extensive infrastructure in place for the development of the CIA stress one.
Daniel Perreira: Specifically, as you would have heard from Karen before is the existence of the Caribbean biodiversity fund and its umbrella of trust funds which are already taking action and able to mobilize resources from multiple dollars.
Daniel Perreira: In addition to the CDF there's also the Latin American and Caribbean network of environmental funds, known as red black.
Daniel Perreira: which supports trust funds in adopting practice standards set by the conservation finance alliance which is a national and international.
Daniel Perreira: Body overseeing conservation finance, that is to say there's adequate and sufficient capacity in the region and regional support for the establishment and growth of the is CIS dress on.
Daniel Perreira: As I mentioned earlier there's no current respond in the Caribbean, with a regional focus and with is management as one of its key objectives.
Daniel Perreira: That is to say that the CIS DM tf would be filling a very specific rule and a niche that is not currently occupied.
Daniel Perreira: And as we would have heard from on his presentation is that the the threat of invasive is so persistent.
Daniel Perreira: and also regional and there is really a need for us to focus on solutions that could be on the national level, there are number of national trust funds Karen mentioned some of them, but there's nothing focus regionally on this issue.
Daniel Perreira: Below here, I mentioned that there are no other there are other trust funds in red flags that are focused on Latin America, but they.
Daniel Perreira: have their own biodiversity challenges and distinct the biodiversity management and is management in on continent is very distinct from is management on islands and that again reinforces the need for specific Caribbean is restaurant.
Daniel Perreira: So next i'd like to just talk about the operational framework itself, as I said, this was a document that was conceptualized over the course of my consultancy.
Daniel Perreira: And it provides some of the structure and functionality of this proposed CIS trust one now is a working document and the feedback that that's provided by you, the stakeholders, out of this meeting and afterward will be incorporated as it grows and develops.
Daniel Perreira: To give an overview of that though the contents of the of the framework include the core principles of the CIA sdf legal structure.
Daniel Perreira: The Board and they rule, the administration and they are all operating procedures, specifically for grant making the communication strategy.
Daniel Perreira: and financial management which is of course very important so that resource mobilization fundraising and asset management strategy, these are all proposed solutions and, as I said, i'll go over them know in order.
Daniel Perreira: So foods, to begin with the core principles of the car stress one first division, which is the lead the region and developing cohesive, consistent and effective is management strategies actions and policies.
Daniel Perreira: The mission of the fund would be to secure and mobilize financing to proactively support Caribbean countries to mitigate the threats of that today, biodiversity, from both new and existing is.
Daniel Perreira: And the overall scope of work would be to mobilize sustainable and consistent financing for is management activities throughout the Caribbean region.
Daniel Perreira: To combat combat the environmental, social and economic threat of ISIS and through these three principles.
Daniel Perreira: we've tried to encompass as broader basis, as we can to combat both other said, new and existing is as well as acknowledge the threat of is to multiple dimensions of development and human activities.
Daniel Perreira: Beyond simply the biodiversity costs, but also the social implications and the economic implications.
Daniel Perreira: So, to begin with we're proposing that the legal structure the the CIS trust one is that it would be established as a trust fund.
Daniel Perreira: With the board serving as a trustee we're proposing that the location for legal establishment is.
Daniel Perreira: In Bobby Bobby rules because of the supporting legislative environment for trust funds as well as its strong financial services industry.
Daniel Perreira: In addition to being legally established in Barbados, we will have companies set up in each of the representative each of the participating countries so that represents T shirt as possible throughout the throughout the region.
Daniel Perreira: Right, so this is just repeating that point here, which is to that it would be established as a trust under Barbados law.
Daniel Perreira: There are three African pieces of legislation that trust miscellaneous provisions Act, the charities Act and the trustee.
Daniel Perreira: And between those three they would serve the purpose of both establishing the fund and establishing board as a trustee of the fund additionally those acts provide for tax exemptions and Bobby Lewis law, which is of course critical if we are to have a charitable organization.
Daniel Perreira: Specifically, again, the trustee act defines the responsibilities of the trustee which would be the board and their specific rule, as well as their legal power.
Daniel Perreira: To act in charge of the entity that is the trust fund the charities act spells out explicit guidelines regarding tax exemptions.
Daniel Perreira: Additionally, for Bobby to specifically there was no limit on the number of trustees or the nationality requirements, which is the most important this is a regional fund and the composition of what is still up for debate.
Daniel Perreira: And lastly, Barbados itself has a strong financial services industry and the number of experienced professionals that can support the establishment and operation of the Fund with that, as its homie, so to speak.
Daniel Perreira: So this chart is one that I developed just to show the relationship between the various parties at the so at the core, we have the administration and the board of the CIS restaurant.
Daniel Perreira: We can see in the Green Line the flow of funding from donors to beneficiaries and through administered through the board and through the grant making process.
Daniel Perreira: Additionally, over you see some blue lines that covered the communication and information flows, because it will be important that country governments are.
Daniel Perreira: Part of the dialogue and offering a critical role by informing both the beneficiaries in their countries, so that might be csos and NGOs.
Daniel Perreira: As well as potentially government departments, they will also be communicating directly with the administration.
Daniel Perreira: At the Center there as well, you'd see that the administration has a critical role in communicating to the board.
Daniel Perreira: To the donors, as well as to the beneficiaries and to country governments, which is to say that the administration is, of course, at the core of the activities.
Daniel Perreira: Lastly, I just want to highlight the potential for country governments of technical support to beneficiaries in executing these projects which may come in the form of capacity building, the use of resources, or even co financing.
Daniel Perreira: But I hope that this relationship chart has given you an overview of the types of relationships and the dimensions that the CIS Trust Fund will be playing in regards to various stakeholders.
Daniel Perreira: Next, I would like to speak to the board itself.
Daniel Perreira: So, ideally, the board of the composer that I for this and multi stakeholder membership.
Daniel Perreira: And that can include country government representatives, NGOs, private individuals and potentially CBS or heavy representatives i've not made a specific requirement at this point, but it is expected that, in the.
Daniel Perreira: Operational ization of the Trust Fund, of course, the Board will have to be decided.
Daniel Perreira: In terms of the actual rule of the board, they will be supporting and various areas of this cover them very quickly so that means legal and governance.
Daniel Perreira: So that would be establishing documents modifying them overseeing the hiring and firing processes developing a strategic plan.
Daniel Perreira: For financial, they will be managing the assets reviewing the investment performance over time and likely overseeing any audience, of course, the bottle responsible for legal representation of the Trust Fund as I would have mentioned earlier in its establishment.
Daniel Perreira: Also, we would expect what's their role in fundraising specifically through their own personal contacts of course fundraising is at the crux of trust fun initialization and functionality and the Board will have a critical role to play in supporting that.
Daniel Perreira: Lastly, what are we responsible for.
Daniel Perreira: some level of administration of course there's the administrative body that will be taking on the bulk of the data, the rules, but this means to the appointments of the CEO or approval of sizable grants.
Daniel Perreira: Additionally, the board can use subcommittees that provides for specific expertise in in areas that they they will desires that mean to financial investment.
Daniel Perreira: Technical subcommittees or fundraising subcommittees and again this is something to be decided by the board, where they see.
Daniel Perreira: gaps in their knowledge base but ideally the board itself should have a fair distribution of professionals with various backgrounds to support the you know the operation of the fun, both on the technical and scientific side as well as the financial and administrative side.
Daniel Perreira: On to the administration itself and that rule or that responsibility will fall on the Board and the administrative staff and that will be led by chief executive officer who will really be the focal point between both parties.
Daniel Perreira: The chief executive officer, will of course have to be hired by the board and will be based on a rigorous recruitment process typically developed using a extensive terms of reference I haven't listed that out here, but of course that is included in the full document.
Daniel Perreira: Important in notes with the administration as well, is that they will be required to do some level of monitoring or reporting, not only to the board, but, of course, also to donors.
Daniel Perreira: So the administration will primarily be responsible for the developing the annual report, which will be a review activity, so the year, including grants that were provided the projects that will executed.
Daniel Perreira: The performance of the various investments that they've made.
Daniel Perreira: And additionally there in in the annual report would be audited financial statements, of course, to international accounting standards.
Daniel Perreira: And all of this, of course, is critical for donors to remain informed, as well as country governments and other stakeholders to have a full understanding of the position of the CIS just one year on year, and how things are developing and changing.
Daniel Perreira: Next i'd like to speak to the operating procedures itself and those specifically regarding grant making of course grants are the major means that that a trust one will be able to distribute its funds to various beneficiaries for is management.
Daniel Perreira: And we've highlighted three thematic areas for grant making, and that is the prevention of new is the detection and eradication of the recently introduced is and the management of widespread is.
Daniel Perreira: And the intention is that any proposed grandfathered fall within one of these three dramatic areas.
Daniel Perreira: More specifically, though we have various types of grants that we may offer and that can include education and awareness building.
Daniel Perreira: Capacity building and technical support prevention, early detection eradication and management bias.
Daniel Perreira: Policy and legislative development and research grants, of course, this is a tentative this, but these five areas we've covered a fairly wide.
Daniel Perreira: scope of activities that can contribute to is management regionally Additionally, we have some proposed grant phases.
Daniel Perreira: Because of course structure in the grants by by scale would be important, and that includes micro grants.
Daniel Perreira: small grants between 10,020 thousand US dollars medium grants above 20,000 us less than 40,000 and large brands, which are above.
Daniel Perreira: 40,000 US dollars again these numbers are proposed and it's really contingent on the initial performance and continued performance of the Trust Fund in terms of available.
Daniel Perreira: funding options that we can have this, but the point of the grant sizes, is to delineate different application processes, which is what i'll get into now.
Daniel Perreira: So the grant making process will look more or less the same throughout and that begins with a call for proposals.
Daniel Perreira: Included in the call for proposals should be a grant strategy that is published by the CIS Trust Fund notifying about the eligibility requirements of the of the for the grants.
Daniel Perreira: As well as what is needed from Africans Africans will then be expected to submit a concept note outlining an overview of the project and it's because outcomes.
Daniel Perreira: That concept note will then be reviewed by the administration and if it is approved the applicant will be invited to submit a full proposal.
Daniel Perreira: which would include more detail on the project, as well as the organization itself that is receiving the grant to ensure that they meet the CIS trust one requirements that the organizations are legitimate and that donors would be supportive of their participation.
Daniel Perreira: Often extensive screening process the grantees will be selected out of those who have submitted full proposals based on the scope of available funding and feasibility of the project and its alignment with CIA stressful objectives.
Daniel Perreira: approvals were granted by the board or the CEO again that's contingent on the size of the brand of the grant.
Daniel Perreira: And lastly, the execution of the grant itself, which will include the project execution, as well as periodic submission of reporting requirements, and I do acknowledge your message in the chat Ani and we can get back to it as soon as i've wrapped up here.
Daniel Perreira: So after that i'd like to speak to just some of the reporting requirements, these are fairly standard for any organization that does execute grants, and that is the grantees should be aligning project was that are specifically measurable attainable relevant and timely smarter the acronym.
Daniel Perreira: The monitoring should be cost effective.
Daniel Perreira: Of course, it should be data based, and we should be seeing the change in performance from beginning to end, of course, the financial reporting itself or hold monies that are provided is used is absolutely required and essential that they follow suitable accounting standards.
Daniel Perreira: I included all the monitoring should be a broad based, and not just include the submission of you know, final reports or progress of bass reports, but can also take the shape of interviews.
Daniel Perreira: on site visits and more engagement between the CIS Trust Fund staff and the grantees themselves.
Daniel Perreira: And lastly, of course, in the reporting requirements will be that lessons learned are transmitted to the car stressful so that we can have replicability and the avoidance of you know, repeated issues.
Daniel Perreira: As well as taking on benefits and positive learnings that we've come from that have come from the respective projects.
Daniel Perreira: So, to move on the communication strategy of the CIS, one would be guiding the communications that are coming out of the Trust Fund to the various audiences.
Daniel Perreira: And the strategy itself should be aiming to engage with stakeholders building awareness of is highlighting the work of the CIS one.
Daniel Perreira: Developing a clear brand and messaging associated with the Trust Fund and, of course, presenting the actual use of funds with potential and current donors, as well as to the wider public.
Daniel Perreira: So this communication strategy itself will have to be manifested as its own document.
Daniel Perreira: And should look at the following target audiences and the general public government stakeholders civil society beneficiaries board of directors, of course, and the donors.
Daniel Perreira: And it's critical that the communications are clear and concise and able to welcome via the work and the importance of the work that is being done by the CS Trust Fund.
Daniel Perreira: Their various communication tools that may be included there in, and these will include the annual report, which I would have mentioned earlier, but also the development of a website, for instance, the use of social media.
Daniel Perreira: public relations and press releases just to name a few possible methods that we can use for communication.
Daniel Perreira: Of course, the CIS Trust Fund itself will also have to develop its own brand identity, we expect to see that coming out of the communication strategy so that would include something like a little the thematic colors the key fonts that are associated with the brand.
Daniel Perreira: And next one coming to what the end no, I just want to speak to the financial management.
Daniel Perreira: Of the CIS Trust Fund, and that is the funds themselves so initially i'm going to speak to resource mobilization, which is essentially the fundraising component.
Daniel Perreira: The idea elaborated in the operational framework is that the initial fundraising should be developed, based on a fundraising plan that is going to identify suitable donors, as well as general viable mechanisms to generate these funds.
Daniel Perreira: So the fundraising time we develop administration periodically potentially once every two to three years I may be updated as well to outline a clear list of of fundraising targets.
Daniel Perreira: It may include as well, the financial requirements for the operation of this is just fun at a minimum capital requirements for serious constituent funds that if that's the endowment Fund or the revolving fund.
Daniel Perreira: The eligible donors or sponsors for the CIS rest one their requirements as donors and how the CIA assassin can adapt to those requirements.
Daniel Perreira: Of course, also the preparation of some funding proposals tailored to those requirements, and of course policies for screening the donors themselves, ensure that they are in line with the CIA sdf brand and image.
Daniel Perreira: and reputation, so the fundraising sources, apart from donors themselves and like speak some of those will be supported by the CBS umbrella by being under the CDF umbrella.
Daniel Perreira: there's clear exposure that the CIS just one stands to gain, as well as reputational benefits with donors in the conservation space.
Daniel Perreira: Additionally, I would have mentioned earlier, but the car stressful rules and you're relying on capacity building activities by the CFP and read lap.
Daniel Perreira: As well as CBS to support its fundraising strategies and to understand best how to target those two reasons, much fun as possible.
Daniel Perreira: Additionally, of course, it's absolutely critical that we have country government support for financing, as well as technical assistance and that's especially crucial in the early stage, development of the Trust Fund.
Daniel Perreira: Country government, sport is going to be critical to not only provide the actual funds, but also to show.
Daniel Perreira: and demonstrate to donors, the broad based support for the CIS just one throughout the region, and it is really a positive signal to see country is getting behind it and that's why it's so critical for you our stakeholders to win and have your views incorporated here at this meeting.
Daniel Perreira: Additionally, there may be policy options that will recommend earlier there's a variety of different policy options that countries can use.
Daniel Perreira: payment for ecosystem services bad ethics, the offsets that furniture swaps, all of which are viable to generate funding flows for the CIA stress fund initially and continually throat its existence.
Daniel Perreira: Lastly, I just want to highlight that, of course, the CBS self office pre financing some of its partner trust funds, and that is an avenue of course in the car cf will explore, as it is developed.
Daniel Perreira: The CSF can also leverage its technical expertise.
Daniel Perreira: to generate management fees through consulting activities or alternative financing mechanisms, these were some that I mentioned before, but of course these things ultimately rely on country government support.
Daniel Perreira: And backing to transmit these ideas into policy and into genuine financing options for the CIA is just one, so it really does without countries recognizing and acknowledging the is problem and getting behind this regional solution.
Daniel Perreira: Next, I will speak to the asset management strategy for the car service, one which is to say that the CIS will be adopting an investment strategy.
Daniel Perreira: To ensure that the returns are sufficient to meet operating expenses, it is expected a pause that the car stress suntan make use of investment management services offered by the Caribbean biodiversity fund.
Daniel Perreira: There is a great benefit to this, not only for their expertise, but also with the potential for them to pull the CIA stress funds finances with the wider pool of just funds that are managed and therefore minimize risk and maximize possible returns.
Daniel Perreira: The initial our investment will of course be used to build capacity in the in Barbados, no vcs to set up the Trust Fund itself legally and to get it operations of the ground.
Daniel Perreira: In initial forecasting the expenses of operation we estimated X 450,000 US dollars per annum, and therefore a substantial initial.
Daniel Perreira: Funding load would be required to launch the CIS Trust Fund and to get it off the ground in a in a feasible way.
Daniel Perreira: As for the actual asset management strategy, this has only been elaborated in brief in the operational framework but i'll go over it, very briefly, so that you do have an idea what we're looking at, and that includes.
Daniel Perreira: The formation of course of an endowment fund, which will be the main asset, these are pretty typical for countries and trust funds so that would be where the bulk of the fools go in and the aim is to generate 3% returns plus inflation per year in the endowment fund.
Daniel Perreira: Ideally, you leave the endowment fund to grow for this for the early stages of the Trust Fund so that the meetings, after a few years of growth are sufficient to sustain your operational expenses.
Daniel Perreira: At least to a substantial degree.
Daniel Perreira: Based on my own personal research and documentation from the CFE the recommended asset distribution for the.
Daniel Perreira: endowment fund would be 50 to 60% equity with minimal cash and fixed income investments between 20 to 30%, this is a little bit more than an aggressive strategy for investment, but has.
Daniel Perreira: been shown to pay off far more than the typical Trust Fund composition, which would be more substantially lean towards fixed income, with less equity.
Daniel Perreira: Additionally, the CSF me consider the use of revolving fund, which would be a fun that more than likely will be financed by policies or management activities of the CIS tf.
Daniel Perreira: On that again will be very contingent on country government support.
Daniel Perreira: Lastly, we can have a sinking fund, which specifically to support the early phases of establishment, so why we have the endowment fund.
Daniel Perreira: Growing separately, you have a sinking fund that would be used to provide short term liquidity to meet some of the early expenses, specifically where we mentioned 450,000 to Adam will can thinking from that can kind of cover most of that.
Daniel Perreira: And therefore, allow the endowment fund itself to grow, for the first few years uninterrupted without any drawdowns.
Daniel Perreira: I believe that wraps up the overview of the operational framework, it is a lengthy document, and we will be sharing it with you, after this.
Daniel Perreira: After this meeting, by the end of the week, based on your feedback but immediately was going to ask you to participate in a brief poll with the handle with a natural while he launches that the pack, you also listening and patty free time.
Naitram Ramnanan: Okay, thank you Danielle and it was difficult together consultant.
Naitram Ramnanan: Some of the very more seniors finance.
Naitram Ramnanan: People did not want to take up the.
Naitram Ramnanan: challenge so.
Naitram Ramnanan: Thanks, a lot of dynamic for taking up the challenge to come up with an implementation plan, and so the poll is open it's more like an icebreaker for our discussion.
Naitram Ramnanan: It will leave it open for a few minutes and then our shared results, it is totally anonymous.
Naitram Ramnanan: We use it as a icebreaker to start, and then we have some questions we'll take an open floor to take some questions or suggestions.
Naitram Ramnanan: or Daniel in terms of the implementation plan and we have some specific questions as well to us with respect to the Trust Fund, as proposed in danielle's presentation.
Kerry Dore: Good morning, Bob what is the question number two what you're asking to like is, I see that all the above is an option but you're saying there's not really a question there.
Naitram Ramnanan: What is the most limiting factor to achieving sustainable management of is in the Caribbean.
Naitram Ramnanan: So they all they all are limiting you have to figure out you suggest, which is the most limiting in your opinion.
Kerry Dore: I see a regional approach is required to manage.
Kerry Dore: The that's a statement, not a question.
Karen: Sorry, Bob you answered the question one instead of two, which is what is the question question to.
Naitram Ramnanan: So, in your opinion, what is the most compelling reason for regional approach to manage are the impacts of invasive species.
Kerry Dore: Okay, thank you.
Naitram Ramnanan: I think we more or less done not or not.
Naitram Ramnanan: So i'm going to end and share the results.
Naitram Ramnanan: So habitat loss and invasive species are the main causes a focus on this grouping that.
Naitram Ramnanan: is impacting.
Naitram Ramnanan: Biodiversity it's interesting to note that the CPS.
Naitram Ramnanan: Then the ranking I know and he said he didn't like the ranking and invasive species was um for the Caribbean brown says most important more important than habitat loss for biodiversity loss in the region.
WittA: book, can I just come in they're funny quite interesting because, if these lands invaded that habitat has been lost so i'm trying to work out now.
WittA: This is the problem that we have with purchasing these issues because invasive species, we plant invasions, for example, or form of habitat loss.
WittA: In the Arab lands been invaded that habitat has been lost some emotional work at what two people understand by habitat loss is it a bulldozer going in there and knocking everything down and counting carrots or Whatever the case may be.
Naitram Ramnanan: yeah I think I retired last for agriculture and and housing and development.
Naitram Ramnanan: And also, most people interpreted.
yeah.
Naitram Ramnanan: it's not an exam it's just.
Naitram Ramnanan: You know in to I I think most people agreed 75% of all of the above well on good reasons for a regional approach is management and, of course, regional coordination 25% of the participants in this group.
Naitram Ramnanan: So they're not really any strictly right or wrong answers it's just breaking the ice to have started discussion, and I think question tree, what is the most limiting factor to achieve sustainable management of is.
Naitram Ramnanan: Again, finance and regional cooperation and I totally agree with those human capacity is an issue as it pointed out and people tend to move up and out of.
Naitram Ramnanan: The units and so on, that is dedicated to watch it basis fisheries management so source of finance, even for human capacity and lack of information, finance, with the right amount.
Naitram Ramnanan: The finance, I think we can address quite a bit of the thing clearly we're not suggesting that the Trust Fund is Daniel pointed out, without will be sufficient to address everything but clearly it is going to fill the gap and provide some support for sustainability.
WittA: Well, we can I just come in.
To the Cato.
WittA: And I find I find his results really interesting because my I would always argue that the reason why no one's investing invasive alien species management it because.
WittA: Most don't understand the impacts of invasive alien species that information available and the impact of invasive species in the costs and benefits of managing them.
WittA: So my question is with what comes first.
WittA: So.
Naitram Ramnanan: What we've done in the Caribbean there's quite a bit of awareness it's just that What saddens me in the region is the tendency for the average man on the street to see it.
Naitram Ramnanan: As a government issue and let the government deal with that kind of thing so i'm in the Caribbean projects, I wouldn't see that there's a total lack of awareness.
WittA: When it's good lucky winners revising.
Naitram Ramnanan: Yes, what are the lack of awareness.
Naitram Ramnanan: leads to action on the individual Park, yes, I agree with you in that context.
WittA: yeah I mean i'm just a, how do we address this because I mean no one's gonna invest invasive species management and unless they really understand the issues of invasive species.
WittA: And so the capacity for to me for me is really important, but we can't book as the other unless we have money so for me it's always a bit of a catch 22 situation yeah.
Naitram Ramnanan: Well i'm glad to see that there's.
Naitram Ramnanan: Quite a strong consensus.
Naitram Ramnanan: For the independent independent Caribbean is trust fund funded by.
Naitram Ramnanan: dollars.
Naitram Ramnanan: And 50% was more or less saying yes, the operational plan seems feasible and 50% not sure, so I think.
Naitram Ramnanan: I was basically in a nutshell, so i'll stop sharing this and open the floor now, have any particular questions or comments, and then we have one or two specific questions with respect to the operational plans presented by Daniel so, the floor is open now for any comments questions.
Naitram Ramnanan: The idea here is not to have an endorsement of the Caribbean is trust fund at this point in time, it is to seek arm intervention.
Naitram Ramnanan: And to get feedback from potential beneficiary of the organizations that particular whether they see the need for it, whether the thing they could benefit from it.
Naitram Ramnanan: And then we present a more complete operational plan and adapt at some future point in, we will then seek formal endorsement from the government agencies, etc, and from partner organizations, but we still in the operational lazing.
Naitram Ramnanan: brainstorming pain of fees still hopefully that comes to an end by the end of August, and then we submit a more concrete.
Naitram Ramnanan: Operational Plan, together with the CBS in terms of going forward for an endorsement and operationalize thing before seeking to get donors, etc, the next phase, however, would be a little bit more donor centric.
Naitram Ramnanan: But the floor is open.
WittA: I put my hand up, but you may have seen it.
Naitram Ramnanan: Yes, go ahead on me, I was looking at the chat sorry.
WittA: I would just like to ask Karen and Daniel I one of my concerns is that.
WittA: Governments won't take responsibility because they're going to say, well, we have a trust fund and donors are dealing with it, so we don't really have to address the issue.
WittA: Somebody else is going to take care of it and i'm finding a lot, a lot of learning and countries, for example, Southeast Asia governments are not saying that.
WittA: Well, we have to find beneficial uses for these invasive alien species and then communities will take care of them, we mean we don't have to worry.
WittA: And they so they they try to pass the buck by not taking responsibility, because ultimately it's government's responsibility so just like to know what would experience isn't, that is, the danger of this actually happening.
Karen McDonald Gayle CBF (Jam): Banks and and, yes, my hand was also raised and to come into exactly on that point of of some of the experience we already have, as the Caribbean bad every different in a number of areas that have.
Karen McDonald Gayle CBF (Jam): That Daniel mentioned, but specifically to your question, the idea behind the autonomy and independence of the trust funds.
Karen McDonald Gayle CBF (Jam): In each of the contexts, both the national trust funds, and now the CIS, is that they would have their own governance structure.
Karen McDonald Gayle CBF (Jam): In the cases of the nc etfs each all of the boards include government's national government officials on the board so that there is a discussion of national priorities still even with with the NGO context.
Karen McDonald Gayle CBF (Jam): Yes, the threat is there that the I the trust funds that they will say the trust funds must get this done but be challenge for both the trust funds and those the partners and stakeholders is to.
Karen McDonald Gayle CBF (Jam): ensure an advocate for the government's to continue to remain involved and that's the idea behind them being trustees.
Karen McDonald Gayle CBF (Jam): on the board of the trust fund the CIS Trust Fund, as well as the national trust funds, so I think it will be an ongoing debate, one of the the ideas that we we are promoting is.
Karen McDonald Gayle CBF (Jam): collaboration and cooperation between the government, the government's the regional governments and NGOs such as ours for maximum results, so there are things that governments can easily.
Karen McDonald Gayle CBF (Jam): receive from from various structures and architectures and there are things that NGOs and trust ones such as ours can more easily receive and the idea is to find that that balance and to coordinate better on that.
Naitram Ramnanan: Thank you, I need to add to that, I think, on.
Naitram Ramnanan: it's all.
Naitram Ramnanan: Very often quite difficult to get government to respond, even when the amount of money required is a small amount, for example, the pink I discuss moneyball program in the Caribbean, I think.
Naitram Ramnanan: The investment, and that was I would imagine around 150,000 US dollars.
Naitram Ramnanan: But, but to put together that amount of money in a short space of time, even from governments there's a lot alive and very often something like that does not require a huge amount of money, but requires time and dedicated professionals and so on.
Naitram Ramnanan: And a trust fund could provide that small amount of money, whereas trying to get a multimillion dollar project that's it a Jeff for you, that would fund is it takes years.
Naitram Ramnanan: Just to develop one project, and I think this is the point I think that that we need to hammer home that.
Naitram Ramnanan: Not huge sums of money always necessary when we looked at the situation in Antigua and Barbuda we have not completed a study in St Kitts and Nevis but i'm thinking about Buddha on an annual basis to do, prevention, etc.
Naitram Ramnanan: requires approximately 12 million.
Naitram Ramnanan: On PC dollars on an annual basis for invasive species management they're not getting that kind of funding from the government, so it is really America that we don't have.
Naitram Ramnanan: Far more invasive species invading the region, because I think people are still doing quite a good job with the limited resources, but I think luck, is going to run out, as you, as the people you shared recently.
Naitram Ramnanan: In Hawaii where the study showed that, for the past two years, the rate of invasion is one in every 18 days, whereas on.
Naitram Ramnanan: The.
Naitram Ramnanan: Before, and it is one and every 50 or 60,000 yes okay Helena go ahead.
Helena Brown: hi good day everyone, yes, thank you, interesting discussion so.
Helena Brown: With with the government's I hear you on a video concerns, but the budgets are shrinking with the government, yes me represent the government, we.
Helena Brown: Were redoing our best you know with this project, we have pushed it and all their actions for the government agencies, we will push it with the schools.
Helena Brown: But I think it's important that we have a money that's readily available for those people who can do this work, who can or more agile than governments, they are, and you as a big.
Helena Brown: To be able to apply to the trust funds from money to be able to do their work, as they have been proven to be very successful in the.
Helena Brown: Space so and not only them but other maybe local communities, if they want to work on and basis and their region and their communities.
Helena Brown: I think that, yes, the government always has the player part has to play a part, and and can alluded to how they get governments to party Trust Fund but.
Helena Brown: it's important that there's money available for those more agile to access it quickly, so they can do the work on the ground.
Helena Brown: But in the meantime as a government representative, we are, we are trying to build our capacity continuing monitoring doing that work.
Helena Brown: But just know of budgets are shrinking staff getting lower and but, but people will always existing communities, they will always be all I hope.
Helena Brown: By environmental NGOs and being strong and working very well, so at this stage I selected the option, where I forget which one it was where.
Helena Brown: We were, we would want to have funding available and the trust funds because, because at least they're more agile, they can get money where it's needed right away.
Helena Brown: So So yes, So yes, I need governments important but please can we just have money on the ground made available for the more agile groups, thank you.
Naitram Ramnanan: Thanks ELENA and I think I think.
Naitram Ramnanan: Until is a very inspiring case, for example in Redondo.
Naitram Ramnanan: we've seen what they've achieved, but not as you pointed out on the if you have a reinvention of rock and you don't have a small amount of money initially.
Naitram Ramnanan: to control it, and a couple years bars and you are going to end up with back to square one, as you pointed out, and I think that's the importance of having.
Naitram Ramnanan: Something like the CIS plus one that can give a grant a quick space of time because everybody plays know each other, they they are procedures or without an all agreed and and the importance of doing the work is known, and I think that's where a dedicated.
Naitram Ramnanan: Is stress fun, as opposed to one environment so fun for the entire region, for example, i'm makes me would make a big difference.
Naitram Ramnanan: But I don't want to be overselling i'm parent you wanted to say something.
Karen McDonald Gayle CBF (Jam): yeah I wanted to add first good to hear Helena nice to hear you I think she's also The other thing that we are able to do with a dedicated invasive aliens.
Karen McDonald Gayle CBF (Jam): Species fund is focus on that technical issue fully to even develop projects that can then include government.
Karen McDonald Gayle CBF (Jam): We know that the the technical officers in in all our islands are well strip so just a time to spend on developing and designing projects that work either in our country.
Karen McDonald Gayle CBF (Jam): In our Community or country or regionally sub regionally, is it is a nice idea of having that dedicated specifically for the idea of raising funds for other projects and for developing what can what is possible for the region.
Naitram Ramnanan: Ali we don't want to dominate the conversation so but go ahead.
WittA: I mean, maybe around the facetious Christian, but I mean I often ask myself, would it be better for us not to this GS project if we take in what money we got from God and putting a trust fund.
WittA: And had some long term sustainable funding for invasive alien species management and actually doing what we have been doing the last few years.
Naitram Ramnanan: To be honest with you, I wanted.
Naitram Ramnanan: The same thing, but.
Naitram Ramnanan: So I wouldn't come into any further.
Helena Brown: Can I respond these.
So.
Helena Brown: I would say no, no, no, no, no, no, no, please No, I am glad that we got the money to.
Helena Brown: Work on our is in Antigua and Barbuda i'm glad that we have our committee together i'm glad that we're able to have a career, we have our.
Helena Brown: We have a student resource guy that's in schools now i'm glad that we're working on a curriculum with our tertiary institutions and glad that we're able to prepare.
Helena Brown: Is Apps or so the public in general can identify where the investments are become more part of the discussion, yes, we can't solve all the phone but yes, I think.
Helena Brown: is important and i'm glad that we will have more signs of the airport and people become more aware and i'm glad that we're having.
Helena Brown: A stronger engagement campaign with the public, so again, they can be fully aware and 200 issues.
Helena Brown: So I think that's important that we have to now figure out how we're going to maintain that into the future with the end with the closing of this project that that was also and happen.
Helena Brown: But at least we will have that, and you know once it's in the curriculum it stays there for quite a while and students, the young people, the new generation will get.
Helena Brown: I guess Jerome London is issue, so therefore the aware coming out as adults and maybe maybe better planners, maybe better decision, maybe, maybe.
Helena Brown: Better politicians so So yes, this, I think, at least when Antigua and Barbuda will have a long term effects and I, and I, and as i'm glad that you push the money here.
Helena Brown: And, but at least we we will at least hope to figure out how we could have a finance finance program for the future for for for metalwork and muted, but no, no, no.
Helena Brown: Please no i'm glad that we were had this project and i'm glad that we made the strides that we did, because I think that's important if we we I think we're better off today than we were before this project, thank you.
Naitram Ramnanan: Thank you Helen and I think.
That.
Naitram Ramnanan: was a good intervention, because very often we think we're not making an impact, but I think you've said that at least we we have some stuff to show.
Naitram Ramnanan: And I totally agree with you.
Karen McDonald Gayle CBF (Jam): In terms of anti Gaddafi, the results of this project.
Karen McDonald Gayle CBF (Jam): to jump in bar very quickly say that the idea again is projects like those.
Karen McDonald Gayle CBF (Jam): have their own, we need to use those projects for those kinds of interventions and then make sure, at the end that we say, this will be able to be continued by the work of a trust fund or a project on the ground in the various tensions okay yeah thanks.
Naitram Ramnanan: um we do have a couple.
Naitram Ramnanan: Focusing Daniel you want to leave it to you want me to ask the questions.
Daniel Perreira: You can ask the questions, but I can lead to the discussion.
Naitram Ramnanan: So we had some concerns of potential donors, so the people in the chat in the in the call if you have some potential donors, that you can suggest that we.
Naitram Ramnanan: You think might be interested in funding a trust one for invasive species, we would like to hear you can put your hand up, we could put it in the chat.
Naitram Ramnanan: And, as all blank do you think it would meet the needs as on from Daniels presentation, the Caribbean is press fun, do you think it would meet the needs of some of these potential donors that you're thinking off or do we need to.
Naitram Ramnanan: tweak it in any way to get them more interested I did I get that right, Daniel.
Daniel Perreira: Oh yeah yeah essentially we're just looking to see, in your view, if they are things that donors, maybe factor in if they are.
Daniel Perreira: structures that they may be looking for that we haven't been able to include in the operational framework or just in general, just your advice on how best to appeal to donors, because it is.
Daniel Perreira: quite a challenge to find doing is with a specific focus on is, of course, about every city is a big issue, but there are many components of that and.
Daniel Perreira: So the search for doing is is a challenging one and, of course, when we look for support in.
Daniel Perreira: So yeah we're looking for any of your feedback on how best to appeal to the owners and where to look for them specifically to target this issue for is and specifically donors who are willing to contribute to a trust fund, as opposed to maybe more specifically project based intervention.
Naitram Ramnanan: Anybody want to comment or I can put the next point out to the while you're thinking about this, you can.
Naitram Ramnanan: unmute and speak, or you can put it in the chat your ideas with respect to particular donors, etc, especially the beneficiary organizations if you've had.
Naitram Ramnanan: You know, good experience with a particular donor that you think that they would support something like this, the other concern we had or question is, do you agree that the responsibility of launching the fun should be left to the CB FM tabby.
Naitram Ramnanan: Do we have any do you think of this more.
Naitram Ramnanan: Any others more suitable organization that can take this forward.
WittA: In terms of finding friends who.
Naitram Ramnanan: know in terms of the being for want of a better word like the technical secretariat.
Naitram Ramnanan: Or the organization's responsible for operation realizing the.
Naitram Ramnanan: First, consultancy arm, it was quite clear that the CBS has very little competition in that regard on in the Caribbean and was a macro home I think it's called the report for the Caribbean in basis species trust on.
Karen McDonald Gayle CBF (Jam): And just to note that there are a number of.
Karen McDonald Gayle CBF (Jam): CBS stakeholders national Conservation Trust Fund partners on the line, if you have operational type questions they can help with and feel no way about saying saying CBS should we should look at other options, even with CBS on the call yeah.
Naitram Ramnanan: Thanks for helping us prominent and i'm glad that you mentioned ucs I think the vcs is supposed to be on the call so Mr Chamberlain do you have any comments, because.
Naitram Ramnanan: We definitely see the vcs having on a key role in going forward being represented on the on the board or something like that on in terms of setting up the is trust fund in going forward.
Naitram Ramnanan: And I agree with Helen CARICOM as well.
WittA: Can I ask, maybe a stupid question, but just to get an idea because it's a similar thing we looking at here is an oil spill major oil spill in the Caribbean.
WittA: He deals with the WHO funds it Where does the money come from to do it all work together or How does that work because i'm thinking, maybe we can learn something from met if there's new piste outbreak or something you know.
WittA: isn't there something to learn to be learned from that are not.
Naitram Ramnanan: In terms of the oil spill on i'm not.
Naitram Ramnanan: very familiar with.
Naitram Ramnanan: cinema, but you have the Caribbean emergency sort of funding things and there may be others on the call who can speak better to that, so we do have that our organization on board.
Naitram Ramnanan: And I think we didn't do a CS you have an insurance, but it's dedicated to more things like hurricanes and so on.
Daniel Perreira: yeah you're referring to this ctr is.
Daniel Perreira: The Korean catastrophe risk insurance facility, but that's a specifically in short that's an insurance policy that is tailored for disaster response I don't think they would teach it an oil spill because they have.
Daniel Perreira: Just specific things that they respond to, I think, heavy rainfall wind speeds overseas and amount things like that, and they released ones, once you.
Daniel Perreira: Are once you've experienced something crossing one of the thresholds and, but it really is insurance and each country PS for that insurance in contributions but yeah.
Naitram Ramnanan: I got insurance scheme because I thought it was a good idea, but um the feedback we got from the country, as was that.
Naitram Ramnanan: Declaring is as it.
Naitram Ramnanan: As a disaster, although it is a disaster it's a difficult thing what stage to declare it was a disaster, etc, so it was a bit problematic but.
Naitram Ramnanan: We do have, for example, army, the oil companies, and so on paying into something there is a mechanism I can't see that I am aware of what the mechanism is we're dealing with.
Naitram Ramnanan: an oil spill a big one, that the Caribbean been tackling with is the SEC awesome see lead.
Naitram Ramnanan: And again, I think they a couple months and pledge 40 million US dollars i'm not i'm not sure how much of that was actually realize for tackling on the so I got some CV so I seem as a Chamberlain and then Karen.
Chamberlain EMMANUEL: Okay hi everyone Thank you so much for on the presentation and conversations in listen intently quite insightful are in terms of the world actually placed a question in the in the charge in terms of you know, is there any.
Chamberlain EMMANUEL: guideline on what exactly was the criteria for such an organization or or poverty, what are the success factors needed.
Chamberlain EMMANUEL: For this fun to work and for for maybe able to.
Chamberlain EMMANUEL: You know, cause those factors to become more of a reality.
Chamberlain EMMANUEL: And so yeah so that's that That was my question, but just to also indicates.
Chamberlain EMMANUEL: Interestingly.
Chamberlain EMMANUEL: On, which is why I jumped on the opportunity to be here today, at our recent Council of Ministers meeting in service in the grid and end of me.
Chamberlain EMMANUEL: There was actually a quite an interesting discussion around.
Chamberlain EMMANUEL: You know, Member States wanted to consider that the vcs you know looks into a more see.
Chamberlain EMMANUEL: predictable way of supporting Member States and more programmatically.
Chamberlain EMMANUEL: To.
Chamberlain EMMANUEL: know.
Chamberlain EMMANUEL: What to call it a fun, but to some mechanism right.
Chamberlain EMMANUEL: That is not just.
Chamberlain EMMANUEL: A one thematic area mechanism, but an overall mechanism that could I look at windows to various themes so that's what that conversation seem to have pointed to.
Chamberlain EMMANUEL: We want to examine that closer internally but we recognize that obviously there are you know various mechanisms already existing.
Chamberlain EMMANUEL: The CDF is is obviously you know quite mature in existence, you have those you know your satellite funds in the country's Therefore, you know.
Chamberlain EMMANUEL: You know how do we frame such a mechanism, but clearly there must be john partnerships and recognition of you know what's already happened right so that.
Chamberlain EMMANUEL: Together, basically, we can we can have such a mechanism which may not reside fully other voices Commission you know but, but what is the right rules for us.
Chamberlain EMMANUEL: What can we leverage, that is not already being leverage by the existing entities and therefore how, therefore, are doing good apply.
Chamberlain EMMANUEL: and find the sweet spot for us and fine and you know also leverage our ability to coordinate and convenience so it's a conversation we.
Chamberlain EMMANUEL: We we we want to have the early so it's good to listen in and understand where some initiatives that going, we will be reaching out, you know for a more deeper more intimate.
Chamberlain EMMANUEL: conversation to understand better and to be able to to begin to frame and therefore to respond to our Member States, based on their on their requests.
Naitram Ramnanan: Okay, thank you very much i'd like Karen i'm respond to that.
Naitram Ramnanan: And I think.
Naitram Ramnanan: That kind of conversation um What should really take place, probably in early September in a face to face meeting with ucs and some of the day, participating countries, etc, but for now i'd left on current again on your response.
Karen McDonald Gayle CBF (Jam): Thank you, thank you Chamberlain for the questions and nice to see you as well, I think the first on the question of criteria it will vary in terms of what we're looking for for CBS as the.
Karen McDonald Gayle CBF (Jam): umbrella organization helping with administrative Secretary at our aims and success for the for the for the CIS tf would be that they had.
Karen McDonald Gayle CBF (Jam): The funds they needed to operate as well as the investment of the funds.
Karen McDonald Gayle CBF (Jam): Up to whatever target level we agree on in terms of return on investment, I think it would vary in terms of the technical successes of the organization, but in terms of.
Karen McDonald Gayle CBF (Jam): making sure that the organization could maintain and continue the idea for us would be in terms of how we invested, the return and the possibilities for.
Karen McDonald Gayle CBF (Jam): Continued fundraising and payments to investors and then I think, of course, the Secretariat itself.
Karen McDonald Gayle CBF (Jam): would have different ones that speaks to levels of invasions that we were able to control and then, of course, specific.
Karen McDonald Gayle CBF (Jam): projects on the ground and how they would manage each of their their results and indicators, etc.
Karen McDonald Gayle CBF (Jam): And, of course, there are national level by diversity indicators that we all have that we would make sure at CBS already make sure that we are in line with any of the national.
Karen McDonald Gayle CBF (Jam): Diversity indicators in the countries and I think that would be the idea for continuing forward that we approach this and this goes to My other comment that I had for our next question.
Karen McDonald Gayle CBF (Jam): The the need for coordination within the region sub region and region continues to be, I think, where we are now seeing.
Karen McDonald Gayle CBF (Jam): value in it we're seeing some of the ways we can do it it's going to take some work we do have examples, for example with sargassum as to how we're approaching it and how we do this better.
Karen McDonald Gayle CBF (Jam): and balance in our our innate is in a turf ISM with making sure to share as a region, what makes sense, so that there is a regional outcome that is new.
Karen McDonald Gayle CBF (Jam): it's not new but it's something we're working on actively, especially with the type of.
Karen McDonald Gayle CBF (Jam): Long term problem sargassum is clearly still around and will be around for a while and it means that we really need to find an approach.
Karen McDonald Gayle CBF (Jam): Both within the government as, as we have been saying, but also in terms of those of us who can be more agile and move faster in terms of more direct responses on the ground.
Karen McDonald Gayle CBF (Jam): So I would say to on it's a working progress, but the the overarching entities, for her national governments are always yes and.
Karen McDonald Gayle CBF (Jam): CARICOM for it for now and then within the various types of sectors, there are others, like the seabed authority and the Inter.
Karen McDonald Gayle CBF (Jam): Maritime Institute so it'll vary, but that idea of needing to coordinate and the idea, just to mention quickly.
Karen McDonald Gayle CBF (Jam): Of the network's the fact that we have already on the ground in each of the country's national Conservation Trust phones that have networks of partners meeting regularly on issues of what makes sense for conservation.
Karen McDonald Gayle CBF (Jam): should be considered an asset for how we move fast on on responses that we want to think about for the countries, and I think that's something that CBS can can continue to support going forward i'll stop there, and let Daniel and.
Naitram Ramnanan: Daniel go what on to follow up what's the role of the private sector in some of the others that you mentioned, because I think, to my mind, this is one.
Naitram Ramnanan: The private sectors, not been involved with the government are sick so maybe a slight exception I don't know but generally the private sector is not there, as they ought to be, and I think if we have something like this.
Naitram Ramnanan: is just fun, we can cultivate that private sector involvement and agreed to we I don't know how you see it.
Karen McDonald Gayle CBF (Jam): yeah and I see my my partner Karen penton from the Bahamas.
Karen McDonald Gayle CBF (Jam): protected areas fun already right and some ideas of donors in the end it will come down to those private sector entities interested in invasive species or that we can make interested in invasive species, just like with any donor.
Karen McDonald Gayle CBF (Jam): You know they'll have particular interest and it's how you make sure that they you know get them involved in in the fundraising process and and.
Karen McDonald Gayle CBF (Jam): Some have already made dedicated efforts to invasive species and, as it says the ideas, instead of one off projects we figure out how we do long term relationships with with.
Naitram Ramnanan: The private sector private sector for rock the true.
Naitram Ramnanan: For example.
Naitram Ramnanan: Exactly label mongoose control.
Karen McDonald Gayle CBF (Jam): Exactly there's a more high maintenance, but it's something to learn how we make sure that we get the PR and the marketing that they need for for being able to contribute to something like a CA is.
Naitram Ramnanan: Daniel Daniel.
Daniel Perreira: Okay, so I feel like Karen covered a lot of the ground of.
Daniel Perreira: answering Mr chamberlain's question and I specifically was just going to speak to the success factors for the CIA as stressful as I would envision that.
Daniel Perreira: And of course I would initially begin with capitalization of the fun unreasoning a reason reasonable initial capital probably between 10 to 15 million US in initial endowment for the launch of the fund.
Daniel Perreira: In addition to that, of course, would be seeing the fun move from this conceptualization stage into operational ization.
Daniel Perreira: So seeing the transition into management by board and eventually administration and away from as much dependence on CBS and cabbie and the current projects fail.
Daniel Perreira: Right, and of course I guess the final marker of success.
Daniel Perreira: For the funnel be seeing funds distributed so getting funds from donors and seeing that go into projects and into communities to combat is and to execute management activities or build awareness, or what have you.
Daniel Perreira: So that's just the answer that question but i'll leave the floor to carolyn who has something else that.
Karolin Troubetzkoy: I good afternoon I guess yeah so i'm carolyn and i'm both of will tell you, but also chipper the chairperson of solution national conservation fund and supporting Karen today, also as a director, on her on her board a CBS board so.
Karolin Troubetzkoy: We were talking from a solution experience about involving the private sector when we started out, we really needed some large donors and we were very lucky that the tourism enhancement fund in St Lucia which is.
Karolin Troubetzkoy: A part of the solution, hotel and tourism association was willing to come to the table with a donation of 100,000 us so when you start out finding like a substantial donor, of course, helps and then.
Karolin Troubetzkoy: Going on obviously we're trying to create schemes for the solution national conservation fund like friends of the fund you're trying to create strategic partnerships, but we are also working very hard to.
Karolin Troubetzkoy: create a sustainable funding mechanism so where you actually like get something from every diver that this is the island or that you know every visitor would make a contribution, also.
Karolin Troubetzkoy: What we have done for the tourist that comes to the island, we felt that the national conservation fund, perhaps.
Karolin Troubetzkoy: it's a little too broad, so we are creating a marine health fund under the national conservation fund it's part of the conservation fund but we're calling it the Marine helps fund.
Karolin Troubetzkoy: And what we're trying to do is basically work also with companies that Karen has seen in a presentation, which is like we are so the Creole way.
Karolin Troubetzkoy: And they have like a carbon calculator so when you go to the SMU and C f.org website, there is now a carbon calculator which we will launch officially on on Thursday.
Karolin Troubetzkoy: where you are encouraged to offset your your footprint and to donation is made to us now, the problem with.
Karolin Troubetzkoy: When we started with this is that there is no carbon offset projects in St Lucia and I said, well, I don't really like the fact that we are now.
Karolin Troubetzkoy: sponsoring a project in Africa, I mean it's great, but I would much rather see something that's very solution centric so in the meantime, we came up with something called sustainable actions, where we have identified.
Karolin Troubetzkoy: projects that are not split that are not carbon offset projects, but they sort of could work alongside and you can donate to them and what we're working on with our conservation fund is really to identify.
Karolin Troubetzkoy: And and complete the application and certification project for carbon offset projects on island.
Karolin Troubetzkoy: Plus we're talking the tourism enhancement find if they would be willing to race what they are what isn't a voluntary contribution.
Karolin Troubetzkoy: To the tourists who who pay to US dollars per room night on voluntary basis would they go to $3 and let us have that extra dollar, so this is, you know just sharing with you a little bit all the discussions we haven't St Lucia I hope that's helpful, thank you.
Naitram Ramnanan: Thank you very much indeed, is very helpful at this.
Naitram Ramnanan: End of sharing of experiences that it's going to help inform the development of the fun and you know, make it.
Naitram Ramnanan: More user friendly and more applicable to beneficiaries across the region, thank you very much, well, I think we have more or less come to the.
Naitram Ramnanan: End of our allotted time.
Naitram Ramnanan: We started five minutes late, so we technically completed the two hour mark.
Naitram Ramnanan: But if there are any burning questions or comments I would like to accommodate if know if not.
Naitram Ramnanan: I think I have highlighted one or two actions in terms of going forward.
Naitram Ramnanan: If not, I would give the last word to Karen and possibly army, if he wants to add anything else.
Karen McDonald Gayle CBF (Jam): Thank you, Bob just to say thank you to those who are able to make it for your contributions, please also feel free to continue to reach out.
Karen McDonald Gayle CBF (Jam): To the team, in particular, Daniel as he finalizes the document this for us at CBS is what we do on a regular basis in terms of the establishment of trust funds.
Karen McDonald Gayle CBF (Jam): But we want to make sure that we are accommodating and thinking through the process for this new idea of a regional invasive.
Karen McDonald Gayle CBF (Jam): alien species fun, so we look forward to your feedback, I want to acknowledge what carolyn said, and in particular to note that the idea of finance mechanisms is something else.
Karen McDonald Gayle CBF (Jam): That we work on with all the trust funds that are part of the CBS architecture and all our beneficiaries, so it would be something that we would continue to think about.
Karen McDonald Gayle CBF (Jam): And I think that's it Thank you all for coming and feel free to reach out to us at any point for any questions or clarifications.
Naitram Ramnanan: i'm, thank you for sharing all the.
Naitram Ramnanan: Resources in the chat Karen thanks a lot.
Naitram Ramnanan: On he would you like to say anything else.
WittA: I mean I just I just think Karen and Daniel and i'll see it for us holding.
WittA: apologies to his dog walking and but thank you very much, everyone for participating and i'm really excited about this whole idea I hope we can make it work I think it'll be a first, and thanks again everyone for participating today and enjoy the rest of your day, and we thank you.
Naitram Ramnanan: Thank you very much anya to Danielle and Karen and.
Naitram Ramnanan: Derek all the parts of our presenters Thank you very much for your insightful presentation on, to be honest with you, I think this one, better than I expected in terms of participation and.
Naitram Ramnanan: The active participation of the audience and for people sticking it to the end, we are going to share the.
Naitram Ramnanan: Recording and the presentations on the Caribbean invasive species our website and we look forward in working closely.
Naitram Ramnanan: With all of you on Thank you again to my words of thanks to the previous speakers, for taking your time out, it is a reflection of the dedication that they exist in this region to protect all biodiversity, sometimes I think when I when I speak about is I always try to.
Naitram Ramnanan: commend that the public servants were overworked and especially in the ministries of agriculture nantel divisions and so on, who really do.
Naitram Ramnanan: More than they really think that they're doing in terms of protecting the wider.
Naitram Ramnanan: Environment, I think anya shown quite clearly that invasive affects more than one sector, and these folks are accustomed to thinking of just agriculture, we have to.
Naitram Ramnanan: Let them realize that they've providing a service to the to the wider environment and too many sectors in their country, and we all them debt of gratitude and I think if we can get something like.
Naitram Ramnanan: It is going, just to support them in terms of, for example, the the the campaign have declared the positive p.
Naitram Ramnanan: That is going to really raise awareness of invasive species and so on, I think it's going to make on everybody's will on easier and Helen was saying, having always saying on the APP to identify the invasive species, so we have developed in the project, quite a few.
Naitram Ramnanan: activities that that would could make a contribution, going forward, but if it is left to government and they don't pick it up, then you know it is going to waste, but if we do have some level of sustainable funding and some regional.
Naitram Ramnanan: Secretary technical Secretary or whatever that focuses only on invasive species going forward, I think we, the region would be in a better state in terms of protecting us from invasive species, we don't get to the state of.
Naitram Ramnanan: Hawaii where we get a new one every eating beans literally so with that I thank you all very, very much.
Naitram Ramnanan: And I look forward to getting your comments to the document that we would certainly post this webinar, thank you very, very much and your time and.
Naitram Ramnanan: For the efforts and comments, etc, will greatly appreciate it, thank you very much, and have a good day and good be fine.
WittA: Thanks everyone cheers bye.
Daniel Perreira: Everyone.
Helena Brown: Thank you.
Ibrahim Abdullah: Take care.
Karolin Troubetzkoy: bye.
Karen: Thank you, thank you, Bob bye bye.