What are the challenges to achieve sustainable financing?

In this chapter, we present a selection of persistent challenges we have identified through our work on sustainable financing strategies with MPAs in Latin America and the Caribbean, and workshop inputs from international MPA practitioners. 
Key takeaways
  • Key takeaways
    Developing a compelling case for specific MPAs as nature-based solutions that address urgent societal and environmental issues can be an effective approach for promoting collective efforts and help overcome finance challenges. 
  • Key takeaways
    Robust and systematic budgeting and financial planning for MPAs are also necessary to inform collective resource mobilization efforts and promote cost-effective achievement of MPA management goals. 
  • Key takeaways
    Context-specific strategies for sustainable financing are in turn critical for MPAs to tap into the best available opportunities.
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