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Message from the c t i n g E x e c u t i D i r e c t o r

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It is with great pleasure that I present this annual report to you and summarize our accomplishments for fiscal year 2011-2012. Our greatest accomplishment and one that the country of Belize should be proud of, and not just the PACT family, is that PACT made leaps and bounds in the International arena during this year when we were accredited as the National Implementing Entity for the Adaptation Fund in Belize. Our financial and grant management systems were subjected to heavy scrutiny and it demonstrated that our standards and practices stood up to the test and were acceptable at the highest international level. Our grant investments for this year were $1,982,270 compared to $1,951,227 in the 2010-2011 fiscal year. We continue to work with our conservation partners as we improve our Grants Programme. In June 2011, we launched a revised Grants Manual with several new funding windows. For example, a Financial Aid funding window, the Medium sized Project Grant was re-introduced, and an Extraordinary support window was added. We revamped several funding windows including the Scholarship program which was phased out and we introduced an Environmental Fellowship program; and our Support Grants now renamed Environmental Support Grants. All this was done for the benefit of our stakeholders. PACT partnered with the University of Belize to award the first Environmental Fellowship Grant, to Mr. Raul Chun to pursue a Master of Science in Biodiversity Conservation and Sustainable Development at UB. This award to Mr. Chun will not only develop local talents but more importantly will contribute to capacity building at the Forest Department and enhancement of conservation efforts. PACT successfully negotiated the provision of fiduciary management services to two projects which will come on stream in the next few years. These are the Management and Protection of Key Biodiversity Areas Project financed by the Global Environment Facility and the Belize Marine Conservation and Climate Adaptation project which will be financed by the Adaptation Fund. Under the project funded by the Adaptation Fund, the World Bank will be the Implementing Entity and PACT will be the Executing Agency, which speaks a lot to the high standards and quality of service that we provide at PACT. We continued to partner internationally through our memberships with the Latin American Network of Environmental Trust Funds (REDLAC) and the International Union for the Conservation of Nature (IUCN). Through these organizations we are able to build our institutional capacity and exchange knowledge and best practices. As we move forward at PACT, we thank all our supporters and collaborators and look forward with renewed enthusiasm to working with you next year. Yours in Conservation,

Natalie Rosado (Ms.) Acting Executive Director

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Annual Report 2011 - 2012  

PACT's Annual Report 2011 - 2012