Fishing, logging, hunting, and agriculture: these are some of the ways through which the world's populations either sustain their families or harness natural resources to make them into industries. And to ensure proper management of the resources, and adequate private sector investment in it, the United Nations Development Programme has been running a pilot program.
It's called the Biodiversity Finance Initiative, or (BIOFIN) for short, and it's a 30-country, 30 million-dollar project from which Belize is now going to benefit.
The project was officially launched in Belize this morning by the Ministry of Agriculture, Forestry, Fisheries, the Environment, and Sustainable Development. Here's their public pitch as to why you should embrace the program:
So why is it so important? Well, the better our biodiversity is, the more the country benefits from the natural resources. The better we take care of those natural resources, the more attractive Belize is as a tourist destination, as one example. It also allows for those resources to be put to more productive use for those well-established, money-earning industries. The BIOFIN project tries to assist countries to do just this.
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