MERMAID supports theĀ Global Fund for Coral Reefs, a blended finance instrument to mobilize action and resources to protect and restore coral reef ecosystems.
The Global Fund for Coral Reefs (GFCR) is a global partnership that aims to mobilize resources to support reef-positive businesses and promote coral reef conservation and restoration around the world (see Theory of Change).
MERMAID is supporting GFCR Programmes to collect baselines for 10 core Fund Indicators (F1 to F10) and 36 sub-indicators, and to monitor progress against targets for these indicators with bi-annual reports and final evaluations (see GFCR Monitoring and Evaluation Toolkit). MERMAID will also be used by the GFCR to obtain summaries of coral reef health indicators.
This is now possible with the new integrated tools for the GFCR M&E Framework in GFCR projects on the MERMAID Collect app.