The Government of Belize in partnership with UNDP Launches the Biodiversity Finance Initiative (BIOFIN) Project in Belize

Oct 27, 2016

Left to Right: Wilber Sabido - Chief Forest Officer, Hannah St. Luce -National BIOFIN Coordinator, Dr. Colin Young - C.E.O., Ministry of Environment and Sustainable Development, Diane Wade Moore - Programme Analyst, UNDP Belize

The Biodiversity Finance Initiative (BIOFIN) is a global partnership that seeks to address the biodiversity finance challenge in a comprehensive manner and define biodiversity finance needs and gaps with greater precision through detailed national-level assessments, determining the challenges and opportunities for resource mobilization, and build a sound business case for increased biodiversity investment.

In Belize BIOFIN is a $530,000 USD project, which’s main objective is to develop a Sustainable Resource Mobilization Plan for Biodiversity Management. It is being implemented by the Government of Belize with funding from the European Commission and the Governments of Flanders, Germany and Norway, and managed by the United Nations Development Programme.

The BIOFIN project was launched in Belize on the 27th of September 2016 at 9:00 a.m. at the Radisson Fort George Hotel and Marina in Belize City. Belize as a participating country will analyze the current policy and institutional frameworks affecting biodiversity and ecosystem services both positively and negatively, and quantify past and current (baseline) public and private expenditures to determine the investment needed to meet national biodiversity targets.  Through the project Belize will develop a Resource Mobilization Strategy for Biodiversity Management in Belize to address the finance gap, combining suitable and nationally-adapted mechanisms. The strategy will analyze opportunities, risks and barriers related to the implementation of these mechanisms and provide solutions and recommendations.

 

Contact information

Hannah St. Luce Martinez (National BIOFIN Coordinator)|BIOFIN-Belize@environment.gov.bz|501- 822- 1524

 

Diane Wade-Moore (Programme Analyst, UNDP Belize) | diane.wade@undp.org | 501-822-2688/0467