About Us

Photo: TNC Ecuador

Board of Directors

The BCA Fund is managed and supervised by a Board of Directors to be composed of nine directors. Three directors represent the Republic of Ecuador, one of whom is the Government Co-Chair of the Board. The government directors ensure that the resources administered by the BCA Fund are used in a manner aligned with the country’s priorities and that they support the implementation of Ecuador’s public policies. The Nature Conservancy, as a partner in the debt conversion project, maintains one director on the Board. The other five directors are individuals from the society who do not represent institutions, but are selected because they bring complementary skills and experience to ensure that the BCA Fund is managed by a diverse, multi-sectoral group that is knowledgeable about local realities.

Board of Directors

TNC
Director

International organization Director

Social organization Director

Ministry of Environment Director

Foreign Affairs Ministry Director

Ministry of Production Director

Director representing communes, communities, indigenous peoples and nationalities

Financial expert director

Director of the Ecuadorian academy

Executive Secretariat

The BCA Fund will hire a team of professionals to manage the organization. An Executive Director will lead the team, which will include professionals in finance, conservation, monitoring, administration, communication, among others. The BCA Fund will recruit its team through competitive processes, which will be communicated on the website and social media.

History

2022
The process began in 2022 with preliminary agreements that made it possible to have, in 2023, enabling conditions such as a conservation portfolio, a socioeconomic portfolio, participatory co-design with indigenous peoples and nationalities, and coordination with all stakeholders.
2023
Executive Decree 859 of September 5th, 2023 that establishes the Amazon Biocorridor Program as a management model that implements a public environmental policy for the Amazon and the Resolution of the Governing Council of CONFENIAE of August 11th, 2023 that recognizes the BCA as an initiative for the conservation of indigenous territories.
2024
For the year 2024, a series of conservation commitments have been established as part of the agreements with the Republic of Ecuador and within the framework of the debt conversion; the financial terms of the debt conversion have been negotiated; and the BCA Fund has been designed with the support of the BCA Fund Working Group, composed of representatives of the Republic of Ecuador (Ministries of Environment, Foreign Affairs and Finance), the IDB and TNC. These stages have had technical advice on conservation and financial matters; in addition, they have been carried out in an environment of confidentiality to ensure the best financial conditions for the country, since the debt conversion is a transaction based on the capital markets.
2025
The BCA Fund is constituted on November 20, 2024. During the month of December, the BCA Program debt conversion agreements are signed. By 2025, the BCA Fund is expected to be operational and the implementation of the Amazon Biocorridor Program is expected to begin.

A sustainable financing mechanism

The BCA Fund is a financial mechanism that will allow for transparency

and accountability in the use of the resources received. To this end, the BCA Fund adopts procedures and templates that allow organizations to apply for funding and signs grant agreements with organizations whose projects have been approved, allowing the Fund to monitor and report on the results. The BCA Fund will publish project selection criteria and templates for organizations to submit proposals for funding.

Photo: TNC Ecuador

Photo: TNC Ecuador

The debt conversion generated additional resources for conservation and climate in Ecuador

that will be managed by the BCA Fund. The Program will receive an average of USD 19 million per year for the next 17 years. The financing will also capitalize an endowment fund, expected to be worth USD 135 million by 2042, to support the Amazon Biocorridor over the long term.

Photo: TNC Ecuador

Debt conversion partners

The following institutions participated in the debt conversion process to generate resources for the Amazon Biocorridor Program:

The BCA Fund received pro-bono support from the legal firm Morrison & Foerster in the debt conversion transaction.

Galo Medina

Conservation Biologist

Director of the Ecuador Program of The Nature Conservancy (TNC) since January 2012, he leads a team of approximately 25 Ecuadorian professionals committed to the conservation of terrestrial, freshwater and marine biodiversity in one of the most biodiverse countries in the world. With more than 30 years of experience in biodiversity conservation and sustainable development in Ecuador and Latin America, he has led the implementation of conservation initiatives under different strategies, fostering multi-stakeholder dialogue processes and promoting public policies at the local, national and Andean regional levels. Currently, he is responsible for the overall institutional, programmatic and operational management of TNC Ecuador, ensuring that TNC’s conservation agenda is aligned with national priorities, capacity building, institutionalization of processes and harmonization with other actors seeking sustainability in the country.

Prior to TNC, he promoted páramo ecosystem work in Ecuador as part of EcoCiencia, the Ecuadorian Foundation for Ecological Studies, where he was its Executive Director between 2001 and 2005. From April 2006 to January 2012, he was the regional director of the ECOBONA Program, an Andean initiative of the Swiss Cooperation in Bolivia, Ecuador and Peru, where he worked on a social management proposal for Andean forest ecosystems in these countries.

He holds a degree in Biological Sciences from the Pontificia Universidad Católica del Ecuador, a degree in Agroecology from the University of Costa Rica and a master’s degree in Forest Resources and Conservation from the University of Florida in Gainesville, USA.

Sebastián Valdiviezo

Conservation Biologist

Sebastián Valdivieso is an environmental engineer with a master’s degree in sustainable energy development. He has more than 30 years of experience in environmental issues, especially in the Ecuadorian Amazon. His career spans environmental management, sustainable development and conservation, having worked on projects in Ecuador, Colombia, Peru, Bolivia, Syria and Libya. He currently serves as Country Director for the Ecuador Program of the Wildlife Conservation Society.

Carmen Josse

Director of local social organization

Ph.D. in Science, 1996,Institute of Biological Sciences, University of Aarhus, Denmark Doctoral dissertation: Composition, dynamics and structure of dry forest communities in coastal Ecuador.

Degree in Biological Sciences 1989, Faculty of Sciences, Pontificia Universidad Católica del Ecuador.

Dr. Josse is the Executive Director of Fundación EcoCiencia since March 2020. She participates in the development of products of the Amazonian Network of Geo-referenced Socio-environmental Information (RAISG). She was regional ecologist for Latin America and the Caribbean at NatureServe from 2001 to 2016 and developer of methods and products for classification, mapping and assessment of ecosystems across Latin America to support conservation planning. She collaborates with the Science Panel for the Amazon (SPA) to generate an assessment of current trends and recommendations for sustainable and equitable development of the Amazon. She has experience with geo-referenced tools for assessing ecosystem adaptation to climate change, quantitative threat analysis and monitoring of conservation targets.

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Ministry of Environment Director

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Foreign Affairs Ministry Director

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Ministry of Production Director

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Director representing communes, communities, indigenous peoples and nationalities

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Financial expert director

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Director of the Ecuadorian academy