Yayasan Konservasi Alam Nusantara (YKAN) through KORALESTARI Program is one of the Global Fund for Coral Reefs (GFCR) convening agents in Indonesia. The KORALESTARI Program aims to address the decline of coral reef health in Indonesia, due to unsustainable fishing and aquaculture, uncontrolled coastal development, land and marine pollution, climate change impacts, and invasive species. The program will operate between 2023 and 2029 in three priority areas: Berau in East Kalimantan, Savu Sea in East Nusa Tenggara, and Lingga Island, Riau Island.

The vision of the KORALESTARI Program is a transformation in efforts to protect and restore coral reefs through sustainable financing of Marine Protected Areas (MPA) and encouraging a blue economy that has a positive impact on the sustainability of coral reefs (reef-positive investments), which can increase the income of local communities, encourage inclusiveness, and increase coastal resilience to climate change.

Coral Reef Funding Facility (CRFF) is one of the critical components of KORALESTARI that serves as a vehicle to finance reef-positive investments. CRFF is planned as a facility that will deploy grant and recoverable grant investments into reef-positive businesses. This facility will help build up reef-positive businesses and intends to facilitate further follow on financing and maximized leverage of philanthropic capital.

We are seeking to identify the best candidate to manage the Facility. The manager can be a single organization or a partnership of relevant organizations.