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

Multilateral Investment Fund Instrument

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
Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
GRC/ME-21333-BH Non-Sovereign Guaranteed USD - United States Dollar Multilateral Investment Fund II (MIF) - Contingent Grant Financing
Operation Number GRC/ME-21333-BH
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: Multilateral Investment Fund II (MIF) -
  • Financial Instrument: Contingent Grant Financing

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 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
https://www.iadb.org/document.cfm?id=EZIDB0002755-843121795-4
Profile
IDEATE 2024-09-16 Public Summary 1687 BH-G0006.pdf
Oct. 22, 2024
English

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