The warm heart of Africa, Malawi, is a land-locked tropical country in south-east Africa. The country is endowed with a large number of species and diverse habitats within its unique flora. With a surface area of 29,600 km2 Africa's third largest lake, Lake Malawi is widely regarded as the most biologically important lake in the world. Due to its global importance for biodiversity conservation, Lake Malawi National Park inscribed on the UNESCO World Heritage List in 1984.
The economy in Malawi is highly dependent on diverse biological resources, rich wildlife and endemic fish species provide a livelihood for thousands in the country while encouraging ecotourism. The BIOFIN Initiative in Malawi started in September 2015 and commitment to participate in BIOFIN implementation phase starting from 2018.
PRIORITIZED FINANCE SOLUTIONS
Malawi has recently joined BIOFIN initiative for Phase II, finance solutions will be developed after a successful assessment phase.
Policy and Institutional Review (PIR) report is aiming to provide an overview of current policies, institutional framework and existing finance mechanism to improve the utilization of biodiversity activities. Malawi has recently joined the BIOFIN initiative and PIR is planned to be developed in 2019.
Biodiversity Expenditure Review(BER) serves as a report to analyze current findings, key fiscal management and policy challenges conducted in line with the overall assessment of BIOFIN activities in Malawi. Internal examination for BER is planned to be developed in 2019.
The main purpose of the Financial Needs Assessment report is to present the preliminary estimates of financing needs for biodiversity conservation for Malawi and finance required to deliver biodiversity targets and plans, in line with the NBSAPs.