Letter of Understanding (LoU) between the Centre of Marine Studies and Aquaculture -CEMA- of the University of San Carlos de Guatemala -USAC- and the Sport and Recreational Fishermen Association –EPESTURDE–.
To promote the sustainable use and conservation of Costal-Marine Biodiversity in the Guatemalan Pacific Shoreline, the collaborative strategic alliance was consolidated through a Letter of Understanding (LoU) between the Centre of Marine Studies and Aquaculture -CEMA- of the University of San Carlos de Guatemala -USAC- and the Sport and Recreational Fishermen Association –EPESTURDE–. This LoU sets out the governance system to implement the financial mechanism called: Socio-Environmental Fund for Sailfish Conservation and Artisanal Fishing Sustainable development which will raise funds from voluntary contributions derived from environmental service of tourist sport sailfish anglers.
The Socio-Environmental Fund will invest in the following priorities: i) Development of value chains in artisanal fishing, ii) Support in applied research, iii) Promotion of tourism, iv) Promotion of Sustainable infrastructure, and v) Strengthening institutional capacities. These priorities are focused on the promotion of sustainable development of artisanal fishing and the conservation of Sailfish.
