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 from 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 under 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 costs required to implement these on the ground.

The strategy will utilize sustainable financing modalities, including Payments for Ecosystem Services (PES), and will explore several funding sources such as existing donor programs, potential development partners, and possible internal funding mechanisms. It will also outline scenarios for establishing endowment funds and the institutional requirements necessary for their operation.

The completed financial strategy will be presented at the CTI High-Level Financial Roundtable, set for May 3, 2012, in Manila, Philippines, as a side event of the 45th Annual Meeting of the Board of Governors of the ADB.

To find out more about this activity, follow this link.