Finance Solutions

Photo credit: Department of Wildlife and National Parks of Botswana
Photo credit: Department of Wildlife and National Parks of Botswana
Botswana’s new protected area fees generate US$ 7.8 million, more than projected
Botswana's updated fees for protected areas have generated US$7.8 million in the first year, significantly exceeding the original forecast of US$1.8 million. The new fee system, introduced in April 2022, was developed in collaboration between the Government of Botswana and BIOFIN. With over 40% of B...Read more
Photo: UNDP Kazakhstan. East Kazakhstan region, Belukha Mountain range.
Photo: UNDP Kazakhstan. East Kazakhstan region, Belukha Mountain range.
Kazakhstan Triples Protected Area Budget, Advancing Biodiversity Goals
When the BIOFIN process began in Kazakhstan about ten years ago, it was realized that funding for protected areas was limited. The government wanted to change this with the support of UNDP-BIOFIN. Initially, a clause was included in the 2017 law on protected areas. This clause states that the manage...Read more
Biodiversity is under acute threat in Mongolia, a country with vast landscapes and diverse ecosystems harboring unique flora and fauna.
Biodiversity is under acute threat in Mongolia, a country with vast landscapes and diverse ecosystems harboring unique flora and fauna.
The improved implementation of the Mongolian law on natural resources use payment has tripled the country's environmental expenditure
The UNDP Biodiversity Finance Initiative (BIOFIN) has supported Mongolia in improving the effectiveness of a law on natural resource user fees. This led to an increase in the budget for environmental protection including biodiversity conservation. In 2023, revenues from the Natural Resource Use Paym...Read more