The Biodiversity Finance Initiative-Phase II (BIOFIN Cuba)

About this project

BIOFIN Cuba has promoted the financing of biodiversity at a systemic level. Some of the most important results are aimed to promoting favorable solutions to the conservation and sustainable management of the biodiversity. They are: the update of the Entry fee in protected areas of pilot sites; the approval of the first PES in Cuba for carbon removal through sustainable forest management; the approval of an accounting standard (NC11) to record income and expenses associated with biodiversity; the improvement of the National Environmental Fund and to strengthen capacities for the implementation of Green Banking throughout the National Banking System.

Goals

Sustainable Development Goals this project works towards

• 15Life on Land

Published by

United Nations Development Programme · Multilateral

Countries

Cuba

Sectors

Biodiversity

Funded by

UNDP Funding Windows, GOVERNMENT OF GERMANY, EUROPEAN COMMISSION

Implemented by

UNDP

Accountable

UNITED NATIONS DEVELOPMENT PROGRAMME

Published by United Nations Development Programme to the International Aid Transparency Initiative (IATI), last updated 5 Oct 2026 and imported automatically. IATI identifier: XM-DAC-41114-PROJECT-01002902.

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