Locations
GEF 8 Umbrella Project to develop Biodiversity Finance Plan for Cook Islands
Start date: 06 March 2024
End date: 06 March 2028
Status: Ongoing
Project Office: Samoa MCO
Brief Description of the Project
BIOFIN is a global initiative of the United Nations Development Programme, launched in 2012 and now active in more than 130 countries. It tackles the challenge of financing biodiversity conservation by providing technical support to develop and implement effective biodiversity finance strategies. BIOFIN helps countries assess financial needs, identify inefficiencies in spending, and mobilize additional resources.
The project aims to support a global programme that will establish a transformative process for biodiversity finance in all participating eligible countries, involving all relevant stakeholders such as Ministries of Finance and Environment, and the private and financial sectors through a socially and gender-inclusive approach. The project will support the country in baseline diagnostics, capacity and institutional strengthening, and developing finance plans to mobilize resources at scale to implement the GBF.
Implementing Partner
UNDP
Donors
Global Environment Facility
Total Contributions
USD314,000.00
IMPACT ON THE COOK ISLANDS
The project will help the Cook Islands strengthen how it finances biodiversity protection by identifying funding gaps, improving the use of existing resources, and developing a practical Biodiversity Finance Plan. It will support more sustainable, inclusive, and climate-resilient development by aligning national budgeting and partnerships with the country’s environmental priorities and long-term conservation goals.
