The BIOFIN Initiative in Zambia started in September 2015 with project staff having been engaged in September 2016. BIOFIN is implemented through the Ministry of Lands and Natural Resources. Since inception, the initiative has worked with all the stakeholders involved in biodiversity conservation and management to raise awareness on the BIOFIN process as well as in data collection, review and validation processes of some of the intended outputs. The Policy and Institutional Review has since been finalised pending final editing. The draft FNA has also been finalized though yet to be validated by the technical committee. Data collection for the BER is currently underway whilst the development of the finance plan is planned to take place in the third week of April 2018.
Prioritised Finance Solutions
The finance solutions will be identified and prioritized at a national workshop planned for April 2018. Possible solutions which may be included subject to consultations among stakeholders include the following;
- Accessing existing funding avenues such as the Global Climate Fund
- Development of sector-specific incentives for biodiversity conservation investments through the Zambia Development Agency
- Conduct studies on the market-reflective wildlife fees with a view to revising the animal fees upwards to increase collection of non-tax revenue.
- Actualise the establishment of the Environmental Management Fund or establish a biodiversity project development fund.
The draft PIR report has since been finalized and validated between 7-9 June 2017. The report is currently awaiting final editing after which it will be available to the public within the first quarter of 2018. A number of policy briefs arising from the PIR have since been finalized equally undergoing editing.
The data collection for the Biodiversity Expenditure Review is currently underway. Data analysis and drafting of the report expected in the second quarter of 2018.
The implementation of the FNA began with the orientation meeting that was held in March 2017. This was followed by the costing workshop in April 2017 by each lead institution. Data cleaning, analysis, and report writing have since been finalized. The validation of the FNA report is expected in the second week of February 2018
The initial workshop for the development of Zambia's Biodiversity Finance Plan (BFP) planned to take place in the third week of April 2018.
The activities to implement the Finance Solutions are planned for 2018.