Latin America and the Caribbean

Cuba


Integrated Policy

Environmental Finance

Sustainable Development Goals

The protection and preservation of the environment is one of Cuba’s priorities. The country has benefitted from initiatives that set guidelines for addressing environmental finance, but it has not yet succeeded in harnessing environmental finance opportunities at national and global levels due to existing knowledge, regulatory and institutional gaps. As a result, the current mobilization of resources to implement actions required within the Environment and Natural Resources Macro-program is insufficient.  The development of an “Environmental Finance Enabling Framework to accelerate SDGs in Cuba” would provide a coherent and articulated inter-institutional mechanism for dialogue, coordination and the definition and articulation of actions aimed at mobilizing and channeling resources for biodiversity and climate change adaptation. 

Approach

Mainstreaming ecosystem and biodiversity values into development processes is crucial to ensure their sustainability, and requires the allocation of financial resources for its protection and sustainable use, ensuring a resilient and inclusive development. The programme will help mainstream the financial dimension of environmental management into the national development financing strategy; enhance resource pooling and mobilization; seize new opportunities; diversify its sources; and promote greater consistency in the allocation of available resources to this goal. The programme’s strategy works through specific capacity building, mobilization of resources and support to consistent policy, institutional and regulatory frameworks.

Quick facts

Total budget:
US $815,299

UN Agencies:

UNDP, UNEP


National Partners:

Ministry of Science, Technology and Environment; Ministry of Finances and Prices; Ministry of Economy and Planning; Central Bank of Cuba; National Office of Statistics and Information; Ministry of Foreign Trade and Investment; National SDG Group


Duration:
January, 2022 to December, 2023 (24 months)