North Macedonia

Results

What North Macedonia has achieved so far through its Biodiversity Finance Plan.

US$2 million investment needs for transformative impact by 2030

North Macedonia’s main biodiversity finance challenge lies in the gap between strong national strategies and limited implementation capacity.

While policy frameworks exist, the country still needs stronger financial instruments, better impact monitoring systems, and greater institutional capacity, particularly among protected area authorities.

Strengthening Policy Framework and Integration

Opportunities exist through innovative financing instruments, stronger policy alignment, and improving project bankability to unlock additional national and international funds.

Priority investment needs 2026–2030

Opportunities identified in the national Biodiversity Finance Plan, with the finance each one needs and the result it is expected to deliver.

01. Develop biodiversity finance instruments and tracking systems

BIOFIN support is currently focused on the analytical work and design of a national Biodiversity Finance Plan, helping lay the foundation for more strategic, transparent and results-oriented biodiversity finance.

Strengthen biodiversity finance through instruments such as a green biodiversity bond, a Green/Nature Fund, and biodiversity budget tagging

Better alignment of resources with biodiversity priorities; improved tracking of biodiversity-related public expenditure; stronger basis for mobilizing public, private, donor and international finance

Finance need: US$2 million
Expected result: Policy Coherence

Budget tagging & green budgeting Green bonds & debt instruments