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SUSTAINABLE FINANCING OF MPAs IN THE MEDITERRANEAN: A FINANCIAL ANALYSIS


                     Foreign currencies (US dollars and currencies outside the Euro) were converted into
                       Euros  using  the  monthly  average  exchange  rate  of  December  2014  (Banque  de
                             9
                       France ). Financial data is presented in current prices.
                     For the financial resources from international cooperation (Bilateral ODA, GEF and
                       UN agencies, EU funds), a distinction was made between grants and co-funding by
                       governments.
                     Data on financial resources from bilateral ODA was reported as yearly disbursements
                       allocated per project and per country, as they represent the effective current annual
                       expenditure (see Appendix 5). From observation of financial data from GEF and EU
                       programs, there is a lead time between agreed commitments and effective use of the
                       available international financial resources. There may be a fixed time window before
                       a country receives initial disbursements, which made the assessment of the effective
                       level of investments per year difficult over the studied period.
                     Therefore, for the financial resources from GEF (and GEF agencies) and EU Funds,
                       reported as commitments, the total budget was divided by the duration of the project
                       (Total  amount  of  resources  /  N  years  of  project  implementation),  as  a  first
                       approximation of disbursement per year and per project.
                     For  the  country  level  analysis,  the  assessment  was  restricted  to  the  period  2012-
                       2014. Financial data outside this timeframe was excluded.
                     Within the scope of financial resources channeled through GEF, bilateral ODA and
                       EU funds, the projects were analysed in detail and an estimate made of the amount
                       of money that might have finally been allocated to MPA activities. Thus, the portion of
                       the  total  budget  corresponding  to  MPAs  was  isolated  based  on  the  GEF  project
                       identification form, ODA project description and EU LIFE project description.

               e)  Type of analysis

               The  analysis  of  resource  mobilisation  for  MPAs  in  the  Mediterranean  region  followed  the
               standards agreed by Parties of the Convention  on Biological Diversity (CBD). Countries in
               the Mediterranean region have several channels from which they get financial resources:
                     Only  countries  eligible  to  receive  bilateral  Official  Development  Assistance  (ODA)
                       and  multilateral  aid  (from  the  GEF  and  GEF  agencies)  were  assessed.  National
                       contributions as part of the co-funding requirements for projects from multilateral and
                       bilateral cooperation were highlighted. These resources have to be included in the
                       national budget and denote the financial effort made for MPAs.

                     EU  countries  are  the  main  contributors  to  the  ODA  in  this  region,  which  excludes
                       them  as  recipients.  However,  EU  member  countries  in  the  Mediterranean  receive
                       financial support from EU institutions. For those, the main focus was on assessment
                       of the EU LIFE program in the region.
                     Countries  can  also  acquire  resources  from  NGOs,  foundations,  trust  funds  and/or
                       donations. These resources are usually grants that generally serve as instruments to
                       raise supplementary funding from other donors or are used to supplement national
                       investments from governments and NGOs. The private sector financial contribution
                       and  NGO  donations  are  usually  resources  allocated  to  specific  international  or




               9 - https://www.banque-france.fr/economie-et-statistiques/changes-et-taux/les-taux-de-change-salle-des-marches/parites-
               moyenne-mensuelle.html (online consultation January 23rd 2015)


               May 2015 – Vertigo Lab, for MedPAN, RAC/SPA and WWF Med.                             Page 36
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