Reef Positive Businesses: Restoring Ocean Health Through Smart Coral Farming

The main objective of the project is to contribute to the conservation of marine biodiversity through the restoration of coral reefs and enhancement of local eco-tourism attractions. This project aims to support the local community by upgrading Coral Vita's farm tourism destination, providing a unique and attractive snorkeling experience that highlights the importance of coral reef conservation.

Project Detail

Country

Bahamas

Project Number

BH-G0006

Approval Date

December 2, 2024

Project Status

Implementation

Project Type

Investment Grants

Sector

ENVIRONMENT AND NATURAL DISASTERS

Subsector

BIODIVERSITY AND PROTECTED AREAS CONSERVATION

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

Facility Type

Environmental and Social Impact Category (ESIC)

Total Cost

USD 1,030,000.00

Country Counterpart Financing

USD 515,000.00

Original Amount Approved

USD 515,000.00

Can’t find a document? Request information

Implementation Phase

https://www.iadb.org/document.cfm?id=EZIDB0002755-843121795-5

Donors Memorandum

BH-G0006 Project Summary.pdf

Dec. 16, 2024

English

https://www.iadb.org/document.cfm?id=EZIDB0002755-843121795-6

Donors Memorandum

BH-G0006 Resumen del proyecto.pdf

Dec. 16, 2024

English

Preparation Phase

https://www.iadb.org/document.cfm?id=EZIDB0002755-769188658-5

Environmental and Social Review Summary

CoralVita_Environmental and Social Review Summary (ESRS).pdf

Dec. 13, 2024

English

Have an Environmental or Social issue related to IDB projects? File a Complaint