With support from the Biodiversity Finance Initiative (BIOFIN), Malawi has introduced budget tagging to identify and track biodiversity-related expenditure across government institutions. The reform has improved transparency, strengthened evidence-based planning, helped policymakers identify financing gaps, and supported efforts to mobilise additional resources for conservation. Malawi now aims to expand the system to include donor and private-sector investments, providing a more complete picture of biodiversity financing and supporting its long-term sustainability.