Mongolia’s Biodiversity Finance Plan (BFP) outlines a comprehensive strategy to secure sustainable financing for the conservation and sustainable use of biodiversity, recognizing ecosystem services as essential and irreplaceable for human well-being.
Developed under the United Nations Development Programme’s BIOFIN Initiative, the plan builds on Mongolia’s long-standing commitment to the Convention on Biological Diversity, including the National Program on Biodiversity and its alignment with global targets such as the Aichi Biodiversity Targets.
The BFP assesses current biodiversity status, financing gaps, and future needs, and proposes practical solutions to mobilize resources. It emphasizes strengthening institutional frameworks, improving cost-efficiency, reforming harmful subsidies, and leveraging both domestic and international funding sources.
Structured across four sections, the plan provides a roadmap for addressing biodiversity pressures, scaling up financing, and ensuring effective implementation of Mongolia’s national biodiversity priorities in the face of fiscal constraints.
