The Micronesia Conservation trust: securing finances for Micronesia's biodiversity conservation and sustainable development / Dr Justin Rose

Abstract

This article describes and discusses the establishment and operation of the Micronesia Conservation Trust (MCT). Following three years of preparations and multi-stakeholder consultations MCT was established in 2002 with the objective of supporting biodiversity conservation and related sustainable development for the people of the Federated States of Micronesia (FSM) by providing long-term sustained funding. In 2008 MCT completed its transitional growth from a national organisation operating solely in the FSM. to a regional organisation supporting and facilitating sustainable development in five Micronesian countries. It is thus timely to document the establishment and maturation of MCT, examining the processes and decisions that have resulted in this successful institutional innovation in Pacific island environmental governance.