Governance and Management Project
Fondo Monarca
Clear institutional framework through public-private partnership
Monarch Fund (MF) is part of FMCN´s Fund for Natural Protected Areas (FANP), a public-private initiative between FMCN, the Government of Mexico and the World Bank. The FANP consists of endowment resources, whose interests are channeled to 30 priority natural protected areas in the country.
FANP has a Technical Committee of the FANP (CTFANP) that oversees its operation, including the MF. This Committee is composed of seven members from different sectors, who are appointed by the National Council of Natural Protected Areas and ratified by the FMCN Board of Directors.
Another component of the MF is the Monarch Fund Trust Technical Committee (CTFMM), which approves annual payments to ejidos and communities that have complied with forest cover conservation in core areas. Six representatives of ejidos (agricultural and forestry properties for collective use), indigenous communities and private landowners participate in the CTFMM.
This achievement has been the result of the coordinated work of the federal environmental authority, the governments of the states of Mexico and Michoacan, FMCN, WWF, the ejidos, indigenous communities and owners of the core zones that supported the establishment of the Monarch Fund and leveraging Concurrent Funds to double the payment per hectare conserved in the core zones of the MBBR.
The MF sets a precedent in Mexico for being the first endowment fund whose interests directly support the owners of a federal protected natural area in the long term.