BIOFIN activities in Cuba
BIOFIN commenced activities in Cuba in 2015. In general, activities follow as:
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 2015
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 2015
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
Cuba has a large variety of ecosystems and landscapes. It is composed of a main island and several archipelagos. Although 30% of existing mangroves is affected by the human presence and modification of natural habitat, this ecosystem is ranked first amongst the Caribbean island countries and ninth worldwide. Cuba is an archipelago of islands located in the northern Caribbean Sea at the confluence with the Gulf of Mexico and the Atlantic Ocean. Cuba is one of the most important islands worldwide for biodiversity. The high level of endemism is caused by extreme climate conditions, diversity of habitat, geologic evolution (soil mosaic) and geographic isolation. As a result, approximately 50% of plant species and 42% of animal species can be found in Cuba only. Of the 612 vertebrate species, endemics include 15 mammals, 91 reptiles, 43 amphibians, 23 fish and 22 birds. It is estimated that the number of marine species is 10,500 and that 30% of the total number of marine species is yet to be discovered. The country counts 6,519 species of vascular plants and an estimated 26,953 animal species, mainly invertebrate, of which 16,516 are known.
Biodiversity Finance example in Cuba:
The Priority Action project to consolidate protection of biodiversity in the Ecosystem of Sabana - Camagüey focuses on a strip of 465 kilometres along the north central coast of Cuba. The objective of the project is to ensure the protection of biodiversity Sabana-Camagüey ecosystem and establish key protected areas; consolidate institutional coordination capabilities and the conservation of biodiversity
For more information: GEF report
Links to national counterparts:
- Oficina Nacional de Estadísticas e Información -ONEI-
- Ministerio de Ciencia, Tecnología y Medio Ambiente -CITMA-
- Ministerio de Finanzas y Precios -MFP-
- Ministerio de Economía y Planificación -MEP-