In Guatemala, BIOFIN has collaborated with five coastal local governments to enhance their capacity in Results-Based Budgeting and to redirect their budgets towards biodiversity management. As a result, the local governments have developed project proposals on the conservation and sustainable use of biodiversity, which have been submitted for approval and funding by the Departmental Development Council (CODEDE) to access additional financing. The impact of this intervention has been significant, with US$818,682 being leveraged in five Pacific municipalities by 2018. Building on this success, in 2020, the initiative was expanded nationwide, and a “Classification Guide for Municipal Environmental Expenditures” was developed in partnership with the Ministry of Finance and co-financed by PAGE. This comprehensive approach is expected to yield positive results, with municipalities projected to increase their budgets for biodiversity conservation and sustainable management by US$1 million by 2023.