The overall goal of the Walton Family Foundation’s (WFF) Chile Oceans Initiative is to create well-managed, sustainable fisheries that contribute to healthy ocean ecosystems and provide greater social and economic security to coastal communities and industries. Chile is the eighth largest fishing nation in the world, and although Chile boasts good fishery laws and regulatory framework, implementation has been poor and its fishing industry is in decline. To secure healthy, sustainable fisheries WFF is focusing on implementing management reforms for a limited number of important industrial and small-scale fisheries.
Philanthropic resources only go so far in helping to advance the implementation of fisheries management measures. Recently, Chile was a focus of a Bloomberg and Rockefeller-funded effort to develop investment blueprints for an infusion of private capital to support fisheries management reforms. Understanding that philanthropic dollars are usually not enough to recover fisheries, WFF intents to channel significant investment resources (private capital and government funding allocations) in service to management improvements. During the session, discussion will center on the barriers, challenges and opportunities in combining private and philanthropic money to enable fisheries recovery.