UNDP's Biodiversity Finance Initiative (BIOFIN) announced that it has helped partner governments unlock over US$2.7 billion in finance for nature worldwide. This reflects a growing trend of countries integrating nature into fiscal planning and shifting financial flows from nature-negative to nature-positive policies and activities.
The announcement was made during the 11th Latin America and the Caribbean Regional Dialogue on Biodiversity Finance held in Mérida, Mexico, signaling a significant shift in how countries plan, budget, and invest for the future.
"Governments around the world are accounting for nature in their fiscal planning at an accelerating pace, signaling a shift in how economies value and finance our ecological life-support systems."
UNDP’s BIOFIN initiative is driving a major transformation in global fiscal policies, enabling countries to mobilize billions for nature-based solutions and sustainable investments.
Would you like the summary to have a more formal or conversational tone?