The Quito Environment Fund has a new Fundraising Strategy

The Quito Environment Fund's Fundraising and Financial Sustainability Strategy presents a comprehensive and systematic approach to improving fundraising capacity and ensuring the financial sustainability of biodiversity conservation in Ecuador’s capital city.

On March 26, at the Center for Contemporary Art in Quito, the Quito Environment Fund (the Fund) and the United Nations Development Program (UNDP) presented the new Fundraising Strategy, developed within the framework of the BIOFIN initiative, to optimize the Fund's use of human and financial resources. The strategy seeks to strengthen transparency and efficiency in the Fund's administration, coinciding with commemorating its 20 years of environmental advocacy in Ecuador's capital city.

Mario Rodas, Head of the Environment and Energy Area at UNDP Ecuador. Photo: UNDP Ecuador

Mario Rodas, Head of the Environment and Energy Area at UNDP in Ecuador, stated, "This strategy proposes investment ideas to raise funds to promote sustainable projects in Quito's Metropolitan District (DMQ). These ideas include tax benefits, environmental and social impact certifications, and co-financing opportunities, integrating actions of social and environmental responsibility to attract private sector investments."

Thus, the strategy provides a comprehensive and systematic approach to enhancing the Fund's fundraising capabilities and securing its financial sustainability, based on international best practices and adapted specifically to Quito's local needs and conditions.

Mónica Reinoso, Executive Director of the Quito Environment Fund. Photo: UNDP Ecuador

Mónica Reinoso, Executive Director of the Quito Environment Fund, emphasized: "Having a fundraising strategy strengthens our role as Quito's environmental financial mechanism, enabling us to consolidate partnerships, attract investments, and continue promoting critical biodiversity and climate resilience projects. The financial sustainability of the Fund is crucial for generating continued positive impacts in the region and enhancing our capacity to address Quito's environmental challenges."

The strategy aims to diversify funding sources and establish strategic partnerships to reinforce the Fund's ability to finance sustainable, high-impact projects. It also emphasizes the Fund's comprehensive and holistic approach to sustainability, community engagement, innovative technology use, and commitment to transparency and accountability.

Reflecting on lessons learned, Arturo Mora, National Coordinator of the UNDP BIOFIN Initiative in Ecuador, stated, "It is important to underscore the necessity of diversifying funding sources, strengthening institutional capacities, developing collaborative strategies with multiple stakeholders, and maintaining robust governance and transparency systems. These lessons are essential for improving the efficiency and effectiveness of the Quito Environment Fund."

Arturo Mora, National Coordinator of the UNDP BIOFIN Initiative in Ecuador. Photo: UNDP Ecuador

For more information on BIOFIN in Ecuador, visit: https://www.biofin.org/ecuador

For any inquiries, please contact: Arturo Mora, National Coordinator of the UNDP BIOFIN in Ecuador: arturo.mora@undp.org