The Biodiversity Finance Initiative - Phase II (BIOFIN ARMENIA)

About this project

Preliminary top-down estimates of the global financial gap for biodiversity range from US$ 100 to 400 billion annually, and detailed bottom-up assessments in participating BIOFIN countries validate these significant financial needs and help identify finance solutions required to achieve the Kunming-Montreal Global Biodiversity Framework and biodiversity related SDGs. In recent decades, biodiversity finance tools and solutions have demonstrated their importance for achieving biodiversity and sustainable development goals. But since countries have not approached the issue of biodiversity finance in a comprehensive manner the choice and adoption of finance solutions have remained experimental and opportunistic. Improved choice, design, and implementation of effective well-tailored finance solutions will strengthen countries’ chances of achieving national and global biodiversity targets. The Biodiversity Finance Initiative – BIOFIN – is a global programme that developed, piloted, and is continuously improving a methodology to measure existing biodiversity expenditure levels, assess future financial needs, and design comprehensive plans to use finance tools and solutions that increase financing, effectiveness and efficiency of biodiversity management in up to 132 countries. BIOFIN’s first phase (2012-2018) enabled full assessments and initial implementation of finance plan elements in target countries. Significant scaling up of finance solutions is required in all countries to ad…

Goals

Sustainable Development Goals this project works towards

• 12Responsible Consumption and Production

Published by

United Nations Development Programme · Multilateral

Countries

Armenia

Sectors

Environmental policy and administrative management

Funded by

NORWEGIAN AGENCY FOR DEVELOPMENT COOPERATION

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-01005430.

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