This Finance Needs Assessment (FNA) serves to estimate the “finance gap” associated with implementing Botswana’s National Biodiversity Strategy and Action Plan (NBSAP). It therefore quantifies the additional costs associated with the implementation of the NBSAP’s strategies and actions. A programme-based approach to costing the actions was adopted for this process and the BIOFIN methodology guided the assessment.
The results of the cost estimation process indicate that the additional funds required to implement the NBSAP would amount to approximately P833 million (US$79 million), including inflation, over the 10 years of the NBSAP, starting in 2016. This translates to an average of P83 million (US$8 million) per year, although funding needs vary substantially between years and are particularly high in the early years of implementation. Note that this amount excludes the salary costs for existing staff, some of whom would be responsible for the implementation of the NBSAP. The Biodiversity Finance Plan should therefore aim to lessen this funding/finance gap
