The BIOFIN Initiative in Zambia started in September 2015 with project staff being 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 is close to completion while data collection for the Finance Needs Assessment is underway.
Prioritised Finance Solutions
The Finance solutions are yet to be identified and prioritised. Possible solutions which may be included subject to consultations among stakeholders include the following;
- Accesssing 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 revise 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 PIR has since been conducted. The report validation by the Technical Committee was done from the 7-9 June 2017. The final PIR report is expected to be completed by July 2017.
This output on Biodiversity Expenditure Review has not yet commenced as the logistics for the recruitment of the consultant are underway.
The implementation of the FNA began with the orientation meeting that was held in March 2017. This was followed by the workshop in April 2017 to cost the NBSAP activities by each lead institution. Data cleaning, analysis and report validation processes will take place between May and August 2017.
The Biodiversity Finance Plan activities are planned for third and fourth quarters of 2017.
The activities to implement the Finance Solutions are planned for 2018.