Biodiversity Finance Initiative (BIOFIN) Project Overview The Biodiversity Finance Initiative (BIOFIN) is a global partnership managed by United Nations Development Programme (UNDP) that supports countries in developing sustainable finance solutions for biodiversity conservation and management. In the Philippines, BIOFIN is implemented by the Biodiversity Management Bureau of the Department of Environment and Natural Resources (BMB-DENR) from 2018 to 2030.
BIOFIN Philippines aims to address the country’s biodiversity financing gap by strengthening policies, mobilizing investments, and identifying innovative finance solutions that support the implementation of the Philippine Biodiversity Strategy and Action Plan (PBSAP), the country's roadmap to conserving biodiversity. The project promotes sustainable and equitable management, protection, and restoration of biodiversity and ecosystems while helping align financial resources with national conservation priorities.
BIOFIN assesses biodiversity expenditures and financing needs, maps existing finance mechanisms, and develops practical finance solutions involving government or public sector, private sector, civil society, and local stakeholders. These solutions include resource mobilization, realignment of existing resources, avoiding future costs, and delivering better through synergies and partnerships that support conservation outcomes.
The project is being implemented across priority biodiversity landscapes and protected areas in the Philippines. Through its Biodiversity Finance Plan (BFP), BIOFIN seeks to help secure long-term investments for nature in the Philippines.
