BIOFIN activities in Zambia
Activities in Zambia started in 2014. The BIOFIN process in Zambia is centered around a number of assessments following the BIOFIN workbook:
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.
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 BIOFIN will develop a strategy to mobilize potential finance actors and mechanisms to reach national biodiversity targets.
5. Implementing the Biodiversity Finance Plan
The scope of activities shall be defined by the recommendations of the Resource Mobilisation Strategy.
Information about the country and partnerships
Zambia's wildlife inlcude some of the largest populations of Africa's iconic species, such as the lion, hippo and leopard. Its natural wealth includes the world famous Victoria Falls. The share of territory covered by Zambia's protected areas is over one third, among the highest rates in the world.
Biodiversity Finance example in Zambia: The Community Markets for Conservation (COMACO) in Zambia played an important role in encouraging biodiversity conservation while reducing extreme poverty in rural communities. Under this programme, small-scale farmers are encouraged to commit themselves to sustainable agriculture practices that can sustain higher food crop yields without harming the ecosystem in exchange for payments for their products. The business model has proven to be very successful in creating awareness among community members regarding the benefits of biodiversity ecosystem services to the community and the negative impacts caused by illegal hunting, poaching and charcoal. The programme has also proven to be very effective in terms of saving for local government as an average cost of arrest and prosecution of a poacher in Zambia is around $2,500 – $3,000 while the cost of implementing a capacity building programme for a poacher is at an average of $700 per poacher.
To learn more about COMACO visit: http://www.itswild.org/