The objective of this TC is to support the Ministry of Environment and Sustainable Development in developing a technological platform to monitor investments in nature and advance the implementation of Colombia's Biodiversity Action Plan (NBSAP) targets. To achieve this, the initiative will strengthen governance and institutional capacity, facilitate the development of new regulatory frameworks, and promote agile methodologies for data integration. Additionally, it will support the creation of innovative financial mechanisms to mobilize public and private capital for biodiversity protection, aligning with the indicators and reporting processes of the Global Biodiversity Framework and Colombia's NBSAP.
Project Detail
Country
Colombia
Project Number
CO-T1813
Approval Date
-
Project Status
Preparation
Project Type
Technical Cooperation
Sector
ENVIRONMENT AND NATURAL DISASTERS
Subsector
BIODIVERSITY AND PROTECTED AREAS CONSERVATION
Lending Instrument
-
Lending Instrument Code
-
Modality
-
Facility Type
-
Environmental and Social Impact Category (ESIC)
-
Total Cost
USD 700,000.00
Country Counterpart Financing
-
Original Amount Approved
USD 350,000.00