BIOFIN activities in Botswana
Following the structure of the BIOFIN workbook, the implementation in Botswana is as following:
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.
Status: Data collection and consultations have started
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.
4. Biodiversity Finance Plan
Under this component the Botswana national team will work on a strategy to mobilize potential finance actors, mechanisms, revenues and feasibility to reach national biodiversity targets.
Status: To start in 2015
5. Implementing the Biodiversity Finance Plan
Status: To start in 2017
Information about the country and partnerships
Botswana has a great variety in its biodiversity and ecosystems, ranging from the dry Kalahari Desert in the South, to the wetlands of the Okavango delta in the north. These landscapes make Botswana an important tourist destination and are part of the national system of protected areas. Over 40% of the country is under formal protection, among the highest rates of any country in the world.