Governance in complex settings: merging Environmental Funds

January 1, 2013

Knowledge Management Platform

In 2012, two different environmental trust funds in Jamaica, both created through debt-for-nature swaps with the United States Government, began the process of consolidation into a single conservation trust fund with the hopes of improving the effectiveness and viability of both funds.

This case study describes the experience of consolidating the Environmental Foundation of Jamaica (EFJ) with the Forest Conservation Fund (FCF), including the challenges arising within two different governance structures as well as the way the optimal structures from each fund were combined to form a new governance structure designed to ensure the performance and sustainability of the merged fund.

The merger of the two funds, however, shows that significant structural change, while complex, is a potentially necessary process for resolving governance and management weaknesses to ensure coherence and sustainability in the future.

The Environmental Foundation of Jamaica (EFJ) was created in 1993 through an agreement between the Government of Jamaica (GoJ) and the United States Government (USG) as part of the latter’s Enterprise of the Americas Initiative (EAI). The EAI included a debt-for-nature swap component, and EFJ was established to manage and administer funds resulting from the swap. EFJ’s mission in managing the fund was two pronged: conserve Jamaica’s natural resources and improve child survival and child development in Jamaica.

Category: #Case Studies #Governance and Management #Mergers #Operations #Strategic Planning

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Management platformof knowledge

Governance in complex settings: merging Environmental Funds

Lo nuevo

Por año

Management platform
of knowledge