On the sidelines of the UN Oceans Conference, held from 27 June to 1 July 2022 in Lisbon, Portugal, the governments of Portugal and Kenya co-organised a forum on investment in the sustainable blue economy. One of the outcomes of the initiative was an increase in the capital of the Global Coral Reef Fund (GCRF). With two new commitments totalling US$18 million, the GFCR’s capital now stands at US$170 million.
The larger of the two contributions is from Builders Vision, an impact platform offering philanthropic tools and versatile investments to individuals and organisations committed to sustainable development. Builders Vision is investing US$5-10 million in the RFCG’s equity fund, as well as contributing US$5 million to the RFCG’s catalytic grant fund.
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