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Oct 11, 2019

Phase 2 of BIOFIN Launched

Omar Figueroa

Phase two of the Biodiversity Finance Initiative known as BIOFIN was launched today. In 2016, the Government launched the first phase which consisted of four assessments such as a policy and institutional review, and the financial needs assessment. The second phase aims to provide direction and implementation of identified finance solutions contained within the Biodiversity Finance Plan.  Minister of Fisheries, Forestry, the Environment and Sustainable Development Doctor Omar Figueroa says that the importance of Belize’s natural resources is the foundation “brick and mortar” of Belize’s development has long since been recognized.

 

Dr. Omar Figueroa, Minister of Fisheries, Forestry, the Environment and Sustainable Development

“The plan speaks as to what we need to do to really secure the long term biodiversity that we have in this country. As you know the biodiversity not only does it underpin out economy but it really also underpins the health and the safety of the Belizean people. So it is extremely important in the first phase the team identified gaps and potential mechanism that would allow biodiversity on a national level to really finance itself in terms of protection and long term sustainability. The launch that we see here today is actually one step further not to really look at the mechanism that we need to implement the entire initiative to make sure that we secure the resources to actually implement the biodiversity, strategy and action plan.”


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