Which of the following statements about the Cali Fund is INCORRECT?

The correct answer is The fund will receive contributions exclusively from government entities and international organizations.

In News

• The Cali Fund was launched at the resumed session of CBD COP16 in Rome on February 25, 2025, to enhance global biodiversity finance.

Key Points

• The Cali Fund is designed to receive financial contributions from private sector companies that commercially utilize Digital Sequence Information (DSI) on genetic resources.
• It does not rely exclusively on government entities or international organizations for funding.
• At least 50% of the fund’s resources are allocated to indigenous peoples and local communities to support their conservation efforts.
• The fund aligns with the Kunming-Montreal Global Biodiversity Framework (KMGBF) to halt and reverse biodiversity loss by 2030.

Additional Information

• The fund is hosted by the Multi-Partner Trust Fund Office (MPTFO) in partnership with the UNDP and UNEP, with the CBD Secretariat managing its operations.
• Private sector companies in industries such as pharmaceuticals, cosmetics, agriculture, and biotechnology contribute a portion of their revenue derived from DSI.
• The Cali Fund represents the first time a UN biodiversity fund is receiving direct contributions from the private sector.
• It supports biodiversity conservation projects, scientific research, and the implementation of National Biodiversity Strategies and Action Plans (NBSAPs) in developing countries.