Message from the C h a i r p e r s o the Board of Directors
On behalf of the Board of Directors of the Protected Areas Conservation Trust (PACT), I am pleased to share the annual report for the fiscal year 2011-2012 and to highlight the organization’s significant achievements of this year. In September 2011, PACT was successfully accredited by the Adaptation Fund Board as the National Implementing Entity for Belize, the first for Central America, and the second for the Caribbean region. This accreditation is noteworthy as it is indicative of PACT possessing the excellent standards in governance, structure and operations which are required to be so accredited. Furthermore, this recognition has now positioned PACT to better support the country’s climate adaptation programs and more directly contribute to the efforts of its protected areas managers and stakeholders. As a result of its strong partnerships and networks, PACT was also able to leverage its funds to attract additional funding for Belize’s protected areas system.With its continued membership in the Mesoamerican Reef Fund (MAR Fund), PACT supported the process of securing a total of EUR 5 million in direct financing for marine/coastal protected areas in the region, including one of Belize’s marine protected areas in phase 1 of a project funded by the German Development Bank (KfW). In partnership with the National Protected Areas Secretariat (NPAS) and to complement its own grant of $300,000, PACT was also instrumental in successfully securing an additional grant of $400,000 for the operations of NPAS. In continuing to carry out its primary role of grant making and service to stakeholders, this fiscal year, PACT invested a total of $1,982,270 in new and ongoing grants, within a stakeholder-driven re-structured grants program. Simultaneously, the PACT team continued to strengthen partnerships with the MAR Fund and the PACT Foundation in operational management and co-financing of their respective grant programs. Finally, shortly before the close of this fiscal year, PACT was thrust into another phase of evolution as it was re-aligned under the newly created Ministry of Forestry, Fisheries, and Sustainable Development. As a result, there were some changes in the organization’s governance and administration and I take this opportunity to acknowledge the work of and thank former members who contributed to last year’s achievements. With this realignment also came the task of charting a new strategic direction for the institution in the national pursuit of a more functional and effective protected areas system.The Board of Directors stands committed and invites all our stakeholders and collaborators to be a part of this phase in the advancement of PACT. On behalf of the Board of Directors, I thank all our stakeholders and collaborators and especially the Executive Director and staff and anticipate your continued and dedicated support in the upcoming year.
Wendel Parham (Dr.) Chairperson