The Biodiversity Finance Policy and Institutional Review forms a reference point for the whole BIOFIN process. The document establishes a baseline of the national policy and institutional context in which the BIOFIN project is expected to expand biodiversity finance in Georgia.
A Biodiversity Expenditure Review is focused on all types of expenditure contributing to sustainable biodiversity protection and management. Along with the public-sector expenditures, private sector spending and spending by international donor organizations, and NGOs are analyzed. Based on these analyses, there are calculated total expenditure figures, useful to summarize the BD financing trends and status on national level.
The Financial Needs Assessment (FNA) study revealed and calculated the total amount of funding required to sustain and protect biodiversity in Georgia. FNA covered not only NBSAP, but other areas which have a significant effect on biodiversity and ecosystem services.
This Biodiversity Finance Plan (BFP) has been developed to identify and support the implementation of biodiversity finance solutions that together have the potential to significantly improve the management and financing of biodiversity management in Georgia.