Kyrgyz Republic is a small country in terms its total area (0.13% of the world’s land), and belongs to one of 200 priority ecoregions on the planet. This is due to a high concentration of species diversity; about 2% of the world’s known flora and 3% of the world’s known fauna can be found in the country. Local economies and population heavily depend on biodiversity and ecosystem goods and services which is considerably depleting in last two decades. ?Like other developing countries, the Kyrgyz Republic has been facing the certain challenges with biodiversity conservation financing. Kyrgyzstan joined to BIOFIN Initiative in 2016. Ministry of Finance and State Agency on Environment Protection and Forestry of the Kyrgyz Republic are the key national partners in?implementing the BIOFIN methodology.?
Prioritized Finance Solutions
The introduction of budgeting by result can help achieve sustained cost-savings based on the result-based prioritization of resources. While considered a best practice worldwide only a few countries fully implement result-based budgeting. It can also be referred as performance-based budgeting, prioritization budgeting.
Other finance solutions will be prioritized during the work in 2017
BIOFIN and UNDP-UNEP Poverty and Environment Initiative in Kyrgyzstan are jointly reviewing the policy and institutional frameworks of environment financing with explicit focus on biodiversity and climate change for Kyrgyzstan. PIR process is supported methodologically by experts from International Institute for Environment and Development. PIR analyzes the environmental, economical, financing and institutional context in Kyrgyzstan. PIR will be completed in the second half of 2017.
BIOFIN together with PEI in Kyrgyzstan are implementing the Public and Private Environmental Expenditure Review (PPEER) with explicit focus on biodiversity and climate change. PPEER will provide a baseline for future trend analysis in budget allocation and execution and effectively monitor progress on the contribution of environment and biodiversity towards sustainable development and NBSAP targets. Private sector expenditures as well ODA will be also assessed in the PPEER.
Calculation of overall costs for implementing the strategies and actions based on the national NBSAP ?and assessment of the associated financial gap will be started in the end of 2017.
BIOFIN team will develop a strategy to mobilize potential finance actors and financial mechanisms to reach national biodiversity targets.
Kyrgyz BIOFIN team started to work with the result based budgeting providing the expert support to SAEPF to develop a program budget for 2018 ?as one of the main forms of the results-based budget. The result of this stage will be the full implementation of this tool in the budgetary system of the Kyrgyz Republic. There is an opportunity to create a basis for the inclusion of biodiversity conservation and ecosystems restoration in the program classification of the budget.