Locations
GEF 8 Umbrella Project to develop Biodiversity Finance Plan for Samoa
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 SAMOA
The BIOFIN project supports Samoa to develop a national Biodiversity Finance Plan that will help identify financing needs, strengthen coordination across key sectors, and mobilize resources for biodiversity conservation and sustainable ecosystem management. Through UNDP support and Global Environment Facility funding, the project will contribute to Samoa’s national development, climate resilience, and commitments under the Global Biodiversity Framework.
