BIOFIN activities in Rwanda
BIOFIN commenced activities in Rwanda 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.
4. Biodiversity Finance Plan
Under this component BIOFIN will develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets.
5. Implementing the Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.
Information about the country and partnerships
Rwanda is a small country in the heart of Central Africa, covering 26,338 km2 . It is surrounded in the north by Uganda,
in the east by Tanzania, in the south by Burundi and in the west by the Democratic Republic of Congo (former Zaire). The shortest distance to the Ocean is 1,200 km. Rwanda’s altitude ranges between 1,000 m in the southwest (Bugarama) and 4,500 m in the northwest (Volcanoes Range). The country is also called “Country with a thousand hills” because of its relief.
Despite its territorial small size, Rwanda is covered by diversified ecosystems: mountain rainforests; gallery forests, savannahs, wetlands and aquatic lands. All these ecosystems accommodate a flora and fauna wealth. The country has a biodiversity adapted to each environment.
National protected areas (national parks and reserves) provide a large number of goods and services that are contributing to the growth of the national economy as well as to improving the welfare of the people. Concentrated in protected areas, particularly in national parks, the tourism sector is estimated to have generated USD 293.6 million in 2013. The country’s economic prosperity depends on how natural capital is maintained
Biodiversity Finance example in Rwanda:
FONERWA is a ground-breaking environment and climate change fund. Its purpose is to be the engine for the next 50 years of green growth in Rwanda, while serving as a touchstone for Africa and the rest of the world. FONERWA has the overarching objective of contributing to sustainable wealth creation and poverty reduction in Rwanda, through sustainable management of natural resources, climate resilient and green economic growth.
For more information: FONERWA
Links to national counterparts: