BIOFIN activities in Belize
BIOFIN commenced activities in Belize in 2015. In general, activities follow below as below:
1. Biodiversity Finance Policy and Institutional Review (PIR)
Through this process, the national BIOFIN Team maps the impact of economic sectors on biodiversity, identifies the main financing mechanisms being used and reviews which subsidies have an impact on biodiversity. The PIR also reviews the overall financing architecture for biodiversity in the country and generates specific recommendations for an improved institutional framework.
2. Biodiversity Expenditure Review
Through the Biodiversity Expenditure Review, the national BIOFIN team assesses which expenditures national stakeholders incur towards biodiversity, from both national and international resources, including the public and private sector. This helps the country generate national level expenditure data on biodiversity.
3. Biodiversity Finance Needs Assessment
Detailed calculations will be made to find out how much it would cost to complete all activities and reach all goals of the National Biodiversity Action Plan. Based on this, the national finance gap for biodiversity will be calculated.
To start in 2016
4. Biodiversity Finance Plan
Under this component BIOFIN will develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets.
To start in 2016
5. Implementing the Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.
To start in 2017
Information about the country and partnerships
The Central American Country of Belize, formerly known as British Honduras, has a population of approximately 280,000 people. It is bordered by Mexico in the North, Guatemala in the west and the Caribbean Sea in the east. It covers 22,963 km2 of land area. Belize is endowed with a very high level of terrestrial and aquatic biodiversity and the largest unbroken barrier reef in the Western Hemisphere. The Mesoamerican Barrier Reef System (MBRS) which is the second in length stretches the full length of Belize's coastline. Seven sites along Belize’s Barrier Reef System have been declared a World Heritage Site, in recognition of its extremely rich biodiversity and consequent global importance. “The country is unique, not only in the total number of species present, but also in the vast array of ecotypes and their species richness. This wealth of biological diversity, coupled with a rich cultural heritage has made Belize a very popular tourist destination, providing significant economic benefits for the nation” (BERDS, 2010). According to the CBD “Challenged by growing economic constraints and excess national debt, Belize is having trouble in supporting the additional staff, training, equipment, and transportation requirements demanded for effective implementation of its commitments made.”
Biodiversity Finance example in Belize:
Ya'axché Conservation Trust is a Belizean organization which aims to maintain a healthy environment with empowered communities by fostering sustainable livelihoods, protected area management, biodiversity conservation and environmental education within the Maya Golden Landscape.
For more information: Ya'axché Conservation Trust
Links to national counterparts: