Tag:
MAR Fund
Community and Society
Reef restoration continues at Turneffe Atoll following Hurricane Lisa via MAR Fund Insurance
On November 2nd, Category 1 Hurricane Lisa battered a section of the Belize Barrier Reef system by Turneffe Atoll as the storm moved towards mainland Belize. The damage caused to the fragile corals became a concern as it was unknown where the resources would come from to assess and restore the affected areas. That problem was soon resolved after a $175,000 payout under the Mesoamerican Reef (MAR) Insurance Programme was issued to finance an immediate reef response.
Environment
An emergency response team to be established to monitor and restore the reef in the aftermath of natural disasters
The Belizean coastline is flanked by the second largest barrier reef system in the world, which sustains tourism, one of the country’s strongest industries. The reef also serves as a natural barrier against natural disasters such as hurricanes. These storms can cause grave damages to the corals, endangering its survival and the livelihood of thousands. To prevent such a catastrophe, a workshop was held at Gran Caribe Resort’s conference room on Friday, October 11th, to form an emergency response coordinating committee in charge of rehabilitating the reef after a hurricane.
Travel & Tourism
MAR Fund receive 10 Million Euros in Endowment Funds from the German Government
The endowment will enable the MAR Fund to achieve its mission of providing long-term financial support for the conservation of the MAR eco-region
