H.E Ms Razan Al Mubarak, President of the IUCN and UN Climate Change High-Level Champion for COP28 welcomes the Global Fund for Coral Reefs as a partner to the Race to Resilience. Welcoming the Global Fund for Coral Reefs to the Race to Resilience

The Global Fund for Coral Reefs is a 10-year, $625 million, blended finance vehicle established through a coalition between UN agencies, financial institutions, and private philanthropy sources.

The GFCR supports business models that can sustainably finance key conservation and development goals for coral reefs via two initiative funds. Technical assistance, capacity development, monitoring, and evaluation are provided via the grant fund, while the investment fund generates de-risked investment capital to maximize the impact of projects incubated by the grant fund.