Established in September 2012, the Caribbean Biodiversity Fund (CBF) is a regional Environmental Fund whose objective is to provide a sustainable flow of resources to support activities that contribute substantially to the conservation, protection and maintenance of biodiversity in the Caribbean. 

CCI context

The CBF was created in the context of the Carribean Challenge Initiative (CCI), an international commitment launched in 2008 at the Conference of the Parties of the Convention on Biological Diversity (CBD COP-9) with two goals: 

1. the 20-by-20 goal, which is to effectively conserve and manage at least 20% of the marine and coastal environment by 2020
2. the sustainable finance goal, which is to establish fully functioning sustainable financial mechanisms that will provide reliable funding over the long term. The CBF and its national partner funds together conform the Caribbean Sustainable Finance Architecture, created to fulfill CCI's goal 2.