Regional Marine Aquarium Market Transformation Project (MAMTI)

IFC is assisting the people of Indonesia and the Philippines to reverse the degradation of their marine biodiversity on coral reefs. The Marine Aquarium Market Transformation project (US$13.5m) is working with local stakeholders to address factors that contribute to loss of reef biodiversity. The marine ornamental trade is facing serious threats ranging from use of destruction harvesting methods to pricing and quality of the ornamentals. Market transformation through international Marine Aquarium Council's (MAC) certification is ensuring that the marine aquarium industry is sustainable, responsible and create global benefits that contribute to biodiversity protection, poverty reduction, sustainable livelihood and food security. MAMTI is achieving this transformation by:

1. building the capacity of community stakeholders to develop certifiable ecosystem management practices
2. ensuring quality scientific assessment and monitoring of coral reefs and marine ornamental stock
3. establishing no-take zones and undertaking reef and stock restoration
4. building the capacity of collectors to become certified
5. increasing the financial resources and business skills for collectors to participate in sustainable trade
6. increasing the participation of exporters, importers and retailers in certification

MAMTI is a five year project which began in 2005.

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