BIOFIN activities in Guatemala
BIOFIN started operating in Guatemala in 2014. The project was officially launched in February 2015 by UNDP in coordination with the Ministry of Environment and Natural Resources (MARN), The Ministry of Finance (MINFIN), the National Council for Protected Areas (CONAP) and the Secretariat of Planning and Programming of the President (SEGEPLAN), the principal partners and members of the National Steering Committee.
1. Biodiversity Finance Policy and Institutional Review (PIR)
An assessment is carried out for major sectors how they impact biodiversity, which policies and institutes relate to that and how much the public and private sector are spending on biodiversity. The first assessments are currently being drafted based on national consultations.
Initial studies have shown the total public budget allocated to biodiversity less than 1% of the total budget, being around 0.5% from 2006 to 2014. In relation to the GDP, for the same period, the percentage did not exceed 0.1%.
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
4. Biodiversity Finance Plan
Under this component BIOFIN will develop a strategy to mobilize potential finance actors and finance mechanisms to assist Guatemala to reach its national biodiversity targets. The actiivites started late 2015.
5. Implementing the Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilization Strategy and activities are expected to start in 2016.
More information about BIOFIN in Guatemala can be found on the UNDP Guatemala Website.
Country information and partnerships
Guatemala has a high share of endemic species (13%), higher than any other country in Central-America. Over a third of the country is covered in forests, with deforestation being a major threat to biodiversity. Over 32% of the country's territory is part of the protected area system.
Biodiversity Finance example in Guatemala: The Fund for the Conservation of Nature (FONACON) is a funding mechanism created with the purpose to promote sustainable development in Guatemala by financing projects and studies targeting environment conservation and sustainable natural resources management.
FONACON advocates for sustainable agriculture practices, sustainable management in protected areas and environmental education for community members living in protected areas, emphasizing the role of biodiversity in providing human welfare.
Supported by Consejo Nacional de Áreas Protegidas (CONAP), the fund allowed several municipalities in Guatemala to be benefited with grants of about US$35,000. The results were especially beneficial to low-income communities living within protected areas and helped to strengthen the sustainability of the country. For more information visit: http://fideicomiso.fonacon.org/