Tanzania is the largest country in East Africa bordered by the Indian Ocean. Tanzania is home to Africa's highest mountain, Kilimanjaro, and the second largest freshwater lake in the world, Lake Victoria, as well as the world’s largest caldera, Ngorongoro Crater with an area of 264 kilometers.
The country depends heavily on the biodiversity wealth featured in the numerous globally recognized hot spots protected in a network of 16 National Parks, 3 Biosphere Reserves, 4 World Heritage Sites, 28 Game Reserves, 42 Game Controlled Areas, 38 Wildlife Management Areas, 109 Forests, 4 Marine Parks, and 17 marine reserves. With over 4 million wild animals in its biodiversity profile, Tanzania has the largest concentration of animals per square km, in the world. However, the country is among 15 globally registering the highest number of threatened species, with at least 900 threatened species under the IUCN Red List, 2013.
An expression of interest to implement BIOFIN was received from Tanzania in February 2018 and the country has joined the Second Phase of the initiative from 2018 – 2025.
PRIORITIZED FINANCE SOLUTIONS
Tanzania has recently joined BIOFIN initiative for Phase II, finance solutions will be developed after a successful assessment phase.
Policy and Institutional Review (PIR) report is aiming to provide an overview of current policies, institutional framework and existing finance mechanism to improve the utilization of biodiversity activities. Tanzania has recently joined the BIOFIN initiative and PIR is planned to be developed in 2019.
Biodiversity Expenditure Review(BER) serves as a report to analyze current findings, key fiscal management and policy challenges conducted in line with the overall assessment of BIOFIN activities in Tanzania. Internal examination for BER is planned to be developed in 2019.
The main purpose of the Financial Needs Assessment report is to present the preliminary estimates of financing needs for biodiversity conservation for Tanzania and finance required to deliver biodiversity targets and plans, in line with the NBSAPs.