Timor-Leste Develops Financial Strategy for CTI National Plan of Action Implementation
The Asian Development Bank (ADB) Knowledge Management for the Coral Triangle Initiative (CTI) Project organized a workshop on March 26 to April 2, 2012 in Dili, Timor-Leste to build the capacity of government, non-government and academic representatives in developing a financial strategy to implement activities in the country's CTI National Plan of Action (NPOA). The financial strategy will include a status report on the level of funding available for NPOA implementation as well as priority actions and the cost needed to implement these on the ground.
The strategy will utilize sustainable financing modalities including Payments for Ecosystem Services and will also explore several funding sources including current donor programs, tapping potential development partners and the possibility of generating internal funding sources. It will likewise provide scenarios for establishing endowment funds and the institutional requirements for its operation. The completed financial strategy will be presented at the CTI High-Level Financial Roundtable which is set on May 3, 2012 in Manila, Philippines as a side event of 45th Annual Meeting of the Board of Governors of the ADB. To find out more about this activity, follow this link.