Funding Gap Research Articles

Peran Fintech Peer to Peer Lending Syariah dalam Meningkatkan Akses Pembiayaan UMKM di Indonesia

This paper examines the role of Fintech Peer-to-Peer (P2P) Lending Sharia in enhancing financing access for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. The objective is to explore how P2P Lending Sharia facilitates MSMEs in securing necessary capital and offers investment opportunities in compliance with Sharia principles. The methodology involves a review of existing literature and regulatory frameworks, including the principles outlined by the OJK and DSN MUI. Findings reveal that P2P Lending Sharia provides an efficient, cost-effective, and accessible financial solution, enabling MSMEs to expand their market reach and improve business capacity. It also offers investors a Sharia-compliant alternative to traditional financing. The significance of these findings lies in the potential of P2P Lending Sharia to support MSME growth, strengthen the real sector, and contribute to national economic development, while adhering to Islamic financial principles. This innovation is essential in bridging the financing gap and fostering economic inclusivity

Contesting coercion: U.S.-China strategic competition, the middle technology trap, and Chinese government-guided funds

This study examines the possible emergence of a Middle Technology Trap (MTT) in U.S.-China strategic competition through the lens of the Global Financial Network (GFN) and the Global Innovation Network (GIN). By conducting doctrinal analysis, theoretically informed case studies, and in-depth interviews, we offer a granular study into how the U.S. has been weaponizing its leading position in the GFN to affect China’s level of participation in the GIN. Our findings reveal three U.S. tactics to induce the MTT with China: first, leveraging U.S. private equity and venture capital (PEVC) to enhance its technology advantage over China; second, pushing U.S. investors to withdraw from China’s PEVC market, thereby restricting Chinese access to American capital; and third, inducing Advanced Business Services (ABS) supporting innovation and global business to cease or reduce their operations in China, thereby increasing intermediation costs for innovation. Although Chinese government-guided funds (GGFs) have managed to partially mitigate the “funding gap” from the departure of American PEVCs, they have yet to assume the brokerage role previously played by American PEVCs in both the GIF and the GIN. As such, our study contributes to a better understanding and theoretical advancements of the MTT by linking up the scholarship of innovation and finance with financial statecraft.

Bridging the Financial Knowledge Gap: Innovative Approaches to Financial Literacy in Africa

Purpose: This study seeks to examine the importance of financial literacy, the current state of financial literacy in Africa, barriers to financial literacy on the continent, and innovative approaches to financial literacy. The study further explores how the UK's Money Advice Service and Singapore's National Financial Literacy Programme can be leveraged to bridge the financial knowledge gap in African countries such as Nigeria, Kenya, South Africa, and Ghana. Case studies from these countries highlight the impact of integrating financial education into national curricula, community-based programmes, and leveraging mobile technology to enhance financial behaviours and inclusion. Materials and Methods: The study is anchored on the human capital theory and employed a qualitative research design. Content analysis was used to interpret and synthesize data from various institutional and academic publications. Findings: Findings revealed that innovative financial literacy initiatives, such as gamification and digital platforms, significantly improve financial literacy and inclusion. Tailored financial literacy programmes that consider cultural and linguistic diversity are crucial for effective financial education in Africa. Implications to Theory, Practice and Policy: Based on the above, the study recommended among other things that there is need develop localized financial literacy content to align with the cultural and linguistic diversity of African populations.

What Works for the Youth: Analysis of Youth Employment Policies in Rwanda

In Rwanda, over 75 percent of youth are not in education, employment and training (NEET). These are mostly absorbed in the informal sector that provides little or no protection to workers against shocks, and are prone to several socio-economic, technical, and financial constraints. Through desk review of existing policies and studies, key informant interviews (KIIs), and focus group discussions (FGDs), this study reviews and analyzes the existing youth employment policies (YEPs) and interventions with intent to identify the hurdles and outcomes of the actual implementation of these YEPs in Rwanda. Youths aged 18 to 30, policy makers, policy implementers, and implementing partners were the key target respondents. The study finds a multitude of YEPs and interventions to promote youth education and skilling, entrepreneurship, and business development funding; though most of them are more focused on supply than demand-side of the labor market, with limited vulnerable youth inclusivity. Common hurdles encountered during implementation of YEPs include: poor coordination among the vast YEPs causing monitoring challenges both at national and district level, and duplication of services. Difficulty to integrate education and skilling into decent youth employment, matching labor laws with youth welfare, cultural bias limiting young women from participating in some labor market activities, funding gaps, and limited youth engagement during program design. Addressing these challenges requires a well-coordinated stakeholder engagement, and strong collaboration between the public and private sector, as well as civil society organizations.

Can Digital Finance Narrow the Gap between Urban and Rural Areas?

As China continues to promote the integrated development of urban and rural areas and financial digital transformation, digital finance, as one of the five chapters of the financial industry to accelerate the formation of new quality productivity, has become an increasingly hot issue to narrow the gap between urban and rural development and help urban-rural integrated development. By combing and analyzing the related research between domestic digital finance and urban-rural gap, this paper comprehensively summarizes the research conclusions of the correlation between digital finance and urban-rural gap, and makes an in-depth analysis of the reasons for the differentiation of the research conclusions. It is clearly pointed out that there are three major problems in this field, such as narrow research surface, single research method and lack of timeliness of research conclusions. And based on the analysis results put forward further breakthrough and improvement direction.

Funding (In)security and Challenges: Non-Profit Literacy Programming and Neoliberal Contradictions in Canada

Increasingly, the non-profit sector is expected to provide services for which the state previously took responsibility, and plays a vital role in providing key supports, such as those related to literacy and building social capital. In a jurisdiction of Ontario, Canada, local funding for literacy programs ceased without warning. In this qualitative study, stakeholders consisting of program users ( n = 72), staff ( n = 11), and program leads ( n = 8) shared their experiences regarding the goals, activities, impacts, and needs of the programs through interviews and focus groups. Findings illuminate both challenges and recommendations for future implementation in three themes: (1) Identifying and reconciling funding gaps and restrictions; (2) requiring supports for human resources; and (3) communicating, cooperating, and collaborating to survive. The challenges faced by financially strapped, non-profit entities highlight a fundamental contradiction within neoliberal ideology: Neoliberal-induced funding scarcity within the non-profit sector can undermine the capacity of community organizations to promote neoliberal ideals related to self-reliance and resilience.

A qualitative, multi-centre approach to the current state of digitalisation and automation of surveillance in infection prevention and control in German hospitals

BackgroundHealthcare associated infections (HAI) pose a major threat to healthcare systems resulting in an increased burden of disease. Surveillance plays a key role in rapidly identifying these infections and preventing further transmissions. Alas, in German hospitals, the majority of surveillance efforts have been heavily relying on labour intensive processes like manual chart review. In order to be able to identify further starting points for future digital tools and interventions to aid the surveillance of HAI we aimed to gain an understanding of the current state of digitalisation in the context of the general surveillance organisation in German clinics across all care-levels. The end user perspective of infection prevention and control (IPC) professionals was chosen to identify digital interventions that have the biggest impact on the daily surveillance work routines of IPC professionals. Perceived impediments in the advancement of surveillance digitalisation should be explored.MethodsFollowing the development of an interview guideline, eight IPC professionals from seven German hospitals of different care levels were questioned in semi- structured interviews between December 2022 and January 2023. These included questions about general surveillance organisation, access to digital data sources, software to aid the surveillance process as well as current issues in the surveillance process and implementation of software systems. Subsequently, after full transcription, the interview sections were categorized in code categories (first deductive then inductive coding) and analysed qualitatively.ResultsResults were characterised by high heterogeneity in terms of general surveillance organisation and access to digital data sources. Software configuration of hospital and laboratory information systems (HIS/LIS) as well as patient data management systems (PDMS) varied not only between hospitals of different care levels but also between hospitals of the same care level. Outside research projects, neither fully automatic software nor solutions utilising artificial intelligence have currently been implemented in clinical routine in any of the hospitals.ConclusionsAccess to digital data sources and software is increasingly available to aid surveillance of HAI. Nevertheless, surveillance processes in hospitals analysed in this study still heavily rely on manual processes. In the analysed hospitals, there is an implementation and funding gap of (semi-) automatic surveillance solutions in clinical practice, especially in healthcare facilities of lower care levels.

Creating an Efficient Public–Private Partnership Bundle: An Empirical Study

Public–Private Partnerships have been implemented globally as a key procurement strategy for addressing the issue of funding gaps amidst the immense pressure to deliver new major infrastructure projects. However, in current practice, procurement selection is applied to the entire bundle of project activities. This often leads to unduly large bundles of externalized project activities that create unduly large PPP contracts and attempt to transfer too much risk. To address this gap, this paper presents the development and testing of an implementable model that embodies a range of microeconomic theories—namely, transaction cost and resource-based theories—and property rights theory. This paper presents the first empirical testing of this model based on two road and two health projects, using competition as an independent measure of the validity of the recommended procurement strategy. The results provide compelling evidence that a rigorous application of the model will enable a substantial improvement of existing procurement approaches, such as identifying the most suitable bundle to be procured using a PPP approach.

Becoming both: “students” and “experts” of race in Australian higher education contexts

PurposeThis paper aims to highlight how Black African academics who live and work under coloniality are systematically seen as “out of place” and how this positioning compounds their experiences of interpersonal and systemic marginalisation within predominantly white universities.Design/methodology/approachThis is a conceptual paper that theorises the experiences of two Black African academics in Australian higher education. It takes a form of autoethnography, to demonstrate the intersectional barriers and setbacks within white academia that interact with gender, class and migranthood, potentially undermining their academic progression and/or professional well-being.FindingsBlack African academics in white-majority workplaces repeatedly report experiences of microaggressions, hyper-surveillance and epistemic Othering. This is characterised by research alienation, funding gaps and being passed over for promotion leading to feelings of exclusion and fractured belonging within academia.Originality/valueThe paper argues that while the Coloniality of Power within institutions of higher learning continues to racialise Black African academics as Other, the Coloniality of Knowledge marginalises their intellectual, theoretical and experiential perspectives and contributions. The power of Coloniality and white supremacy are implicated in the epistemic impositions, erasures and negations of the ontological legitimacy and contributions of Black academics in higher education institutions.

Examining public private partnership investment in energy towards achieving sustainable development goal 7 for ASEAN region

The gradual progress in aligning financial flows with the adoption of clean technologies reveals a persistent funding gap, signaling a global misallocation of capital. Addressing this challenge necessitates political leadership and robust policies to counteract the insecurities impeding the redirection of financial flows. This study investigates into the impact of energy-related public–private partnership investments (PPPIE) and macro-environmental variables on the attainment of Sustainable Development Goal 7 (SDG7) across Association of Southeast Asian Nations (ASEAN) member countries from 1999 to 2021. Employing the Dynamac command technique, we conduct autoregressive distribution lag analysis and the Bounds Cointegration Test to evaluate ASEAN’s efforts in achieving SDG7. Results indicate that a ten-year exogenous shock to the GDP growth rate initially causes a temporary decline in both GDP and PPPIE, albeit not statistically significant. However, in the long run, the shock becomes statistically significant, correlating with a negative decline in the GDP growth rate. This underscores the negative impact of external factors like the COVID-19 pandemic on the economic growth of ASEAN member countries. Specifically, a percentage increase in PPPIE leads to an 8.3% reduction in the GDP growth rate, revealing a detrimental and unsustainable impact on the economy. This signifies that energy investments in the ASEAN region, are predominantly unsustainable and adversely impact economic growth. Moreover, these energy investments contribute to a significant 52.6% increase in greenhouse gas emissions, indicating a substantial setback in the region’s progress towards meeting SDG7’s clean energy objectives by 2030. This suggests the present state of PPPIE does not align with sustainable clean energy goals of the region. Therefore, recommendations should include diversifying energy sources and investment strategies to enhance sustainable clean energy. Also, policymakers and researchers should reassess the terms and conditions of PPPIE, refining frameworks for private sector involvement to align with long-term economic sustainability goals.

Investigating the complex landscape of climate finance in least developed countries (LDCs)

This study aimed to investigate the complex landscape of climate finance, assessing the adequacy, predictability, and implications for sustainable development in least developed countries (LDCs). This study is motivated by the pressing need to assess the adequacy, predictability, and implications of climate finance for sustainable development in least developed countries (LDCs). Employing an econometric framework, this study utilizes ARIMA models to analyze time series data (from 2000 to 2021) on climate finance. The analysis revealed a notable gap between the needed and actual climate funding received by LDCs. Despite an annual requirement of $93.7 billion according to the UK-based International Institute for Environment and Development (IIED), LDCs have only received an average of $14.8 billion annually since 2015. The study suggests that climate funding for LDCs lacks predictability and falls short in meeting their needs, potentially facing an 80% decrease by 2030 under certain scenarios. It advocates for a strategic revamp in climate finance mechanisms to ensure adequacy and predictability, urging policymakers and international funding bodies to adopt more robust, fair, and needs-based approaches to climate financing. This research emphasizes the responsibility of developed nations and global agencies in bridging the considerable funding gap faced by LDCs. By integrating advanced forecasting techniques with a comprehensive analysis of global economic and political factors, this study sheds light on the challenges LDCs encounter in securing stable and sufficient climate finance, stressing the urgency for systemic reforms in global climate finance policies.

The Efficiency of Domestic Savings and Its Impact on The Average Per Capita GDP In Iraq For the Period (2003-2022)

Local savings are an essential source for financing sustainable development. The research is based on careful analysis due to the importance of local savings in the Iraqi economy for the period (2003-2022) to provide the necessary local financing necessary for development investments in infrastructure and investments that enhance economic growth and productivity, generate job opportunities, and achieve The goals and indicators of sustainable development and the extent of the efficiency of those local savings and their impact on the average per capita share of GDP. The research aims to examine the effect of the efficiency of local savings on the level of per capita income of GDP. Moreover, it analyzes the potential impact on income distribution in the local community. The research adopts a multi-faceted approach that uses quantitative data to analyze the statistical relationships between the level of efficiency of local savings and the average per capita income from the gross domestic product, as local savings constitute an essential part of the local and national economy. The research starts from the hypothesis that the efficiency of local savings is represented by both the Local resource gap and the financing gap, which impacts the average per capita output and is linked to a causal relationship with the efficiency of local savings. The importance of this significant impact on the average per capita income, as local savings rates, the efficiency of these savings, and the local savings and financing gaps in Iraq were analyzed by cointegration analysis. The most important results showed that increasing the efficiency of local saving is linked to an increase in local investments, thus improving the level of per capita income and that there is a direct relationship between the Local resource gap and the average per capita share of GDP and an inverse relationship between the financing gap and the average per capita share of GDP.

The Role Of Accounting And Auditing Procedures In Revealing Administrative And Financial Corruption

Accounting procedures have proven their importance for all economic units, through the quality of information they provide and their commitment to instructions and laws or through providing consultations to avoid making mistakes by decision makers. The spread of the phenomenon of corruption has become a clear phenomenon in varying proportions in many economic units, and therefore its effects Corruption on economic and social life has led to obstructing the wheel of progress and construction, loss and waste in financial and technical terms, and moving away from achieving the goals and development plans drawn up for the progress of the Iraqi environment and moving it towards the framework of the public interest and activating the wheel of progress. The research aims to demonstrate the ability of accounting through its procedures and the auditing process followed and the professional ability of the accountant through his acquired experiences to limit this phenomenon and work to reduce and limit it, since the accounting profession is the basic foundation that can access real and confidential numbers and documents and ensure the extent of management’s commitment to instructions. The laws and regulations in force are within the legislation and laws to limit any deviation in work that could lead to loss of opportunities for progress in completing work, and moving away from personal interests to reach the public interest.The research also focused on the methods that can be followed to reduce the administrative and financial corruption gap. The researcher relied on a questionnaire distributed to a group of accountants and auditors, academics and professionals, and relying on SPSS statistical analysis to reach the research requirements and reach the most important conclusions and recommendations. Among the most important Conclusions: There is a relationship between the accumulated experience of those working in accounting and oversight to reduce the phenomenon of administrative corruption. The researcher also recommended the importance of relying more on those with accumulated experience at work, especially in the field of oversight within the formations of economic units.

Universal Refugee Social Protection Guidelines: A Discussion into the Challenges to Their Successful Adoption

AbstractThis paper discusses some of the impediments to the realization of refugee-specific conventions and the international bill of human rights content, i.e., the International Covenant on Civil and Political Rights; International Covenant on Economic, Social and Cultural Rights and the UDHR. The discrepancy highlights a broader failure in the diffusion of the global refugee regime and underscores the disparity between the intentions of global policy and its real-world impact. Challenges to global social policy diffusion (and the resultant implementation gaps in Africa) are examined through the use of secondary data on refugees in South Africa and the region. Also examined is the content of human rights conventions and their adoption. The challenges noted include (i) compulsory forms of power within the global governance system and constraints on the global refugee regime; (ii) protracted social conflict situations, funding gaps, geopolitical reordering and an ensuing lack of cohesion amongst stakeholders in the transference of global social policy and (iii) limitations in the content of refugee rights and a poor alignment of the said content at the national and local contexts.

SMEs as catalysts for economic development: Navigating challenges and seizing opportunities in emerging markets

Small and medium-sized enterprises (SMEs) play a critical role in the economic development of emerging markets, acting as catalysts for innovation, job creation, and poverty reduction. They are often the backbone of these economies, driving growth through their adaptability and entrepreneurial spirit. However, SMEs also face significant challenges that must be navigated to fully capitalize on their potential. One of the primary challenges SMEs encounter in emerging markets is limited access to finance. Traditional banks often view SMEs as high-risk investments due to their smaller size and lack of collateral. This financing gap can stifle their growth and innovation capabilities. To address this, microfinance institutions and digital lending platforms have emerged as crucial alternatives, providing SMEs with much-needed capital. According to the International Finance Corporation (IFC), improving access to finance for SMEs could increase GDP growth rates significantly in emerging economies. Another critical challenge is the lack of infrastructure, which can impede business operations and logistics. In many emerging markets, inadequate transportation networks, unreliable power supply, and limited internet connectivity hinder SME productivity and market reach. Governments and international organizations are increasingly investing in infrastructure development to create a more conducive environment for SMEs. The World Bank, for instance, has various programs aimed at enhancing infrastructure in emerging markets, thereby facilitating better business operations for SMEs. In terms of opportunities, the digital revolution offers vast potential for SMEs. Digital tools and platforms enable SMEs to reach broader markets, streamline operations, and improve customer engagement. E-commerce, in particular, allows SMEs to overcome geographical limitations and tap into global markets. Additionally, leveraging social media for marketing can significantly enhance brand visibility and customer acquisition. Furthermore, emerging markets often present a youthful and growing consumer base, eager for new products and services. SMEs can seize this opportunity by tailoring their offerings to meet local preferences and demands. This consumer-centric approach can lead to increased loyalty and market share. In conclusion, while SMEs in emerging markets face considerable challenges, the opportunities for growth and impact are immense. By improving access to finance, investing in infrastructure, and embracing digital tools, SMEs can drive substantial economic development. Policymakers, financial institutions, and international organizations must continue to support these enterprises to unlock their full potential and foster sustainable economic growth.

Investigating Financial Resource Sufficiency for Entrepreneurial Growth: A Case of SMEs in Pakistan

This research paper delves into the critical nexus between entrepreneurship and finance, focusing on entrepreneurs' challenges and strategies in accessing and utilizing financial resources to increase growth. The study highlights the fundamental role of finance in enabling small entrepreneurial ventures to thrive and contribute to economic development. It then proceeds to identify key challenges, including access to capital, financial literacy gaps, and regulatory barriers that hinder entrepreneurial finance. Through a comprehensive review of existing literature and case studies, the paper explores the various strategies entrepreneurs employ to overcome these challenges, including traditional financing methods, alternative funding sources such as crowdfunding, venture capital, and financial management techniques. Additionally, the research discusses the evolving landscape of fintech solutions and their impact on facilitating access to finance for entrepreneurs. Moreover, it examines the role of government policies and institutional support in fostering an enabling environment for entrepreneurial finance. The results of this study present valuable recommendations for policymakers, financial institutions, and entrepreneurs seeking to understand the complex landscape of entrepreneurial finance and focus on strategies to exploit the full potential of innovative ventures.

Exploring the financing gap for entrepreneurial firms in a developing economy: a case of mismatched expectations?

PurposeThis paper investigates the financing preferences and practices of Senegalese entrepreneurial firms, with a particular focus on understanding the gaps between the two and how they may contribute to financing constraints in developing economies. By juxtaposing the preferences of different financing options against their degree of usage, this study attempts to reveal the mismatch in demand and supply of entrepreneurial firms financing in Senegal.Design/methodology/approachA structured questionnaire was used to survey 524 entrepreneurial firms, and data was analyzed using various statistical methods.FindingsThe results indicate that the most preferred sources of financing for Senegalese entrepreneurial firms are self-financing and short-term bank loans. Short-term funding horizons are also much more preferred than their long-term counterparts. However, there is a mismatch between financing preferences and practices, particularly with regards to equity sources, which were found to be more preferred than used. The study argues that a combination of preferences, firm, and owner characteristics can explain the choice and frequency of usage of financing sources.Originality/valueThis study contributes to the literature by contrasting preferences and practices, revealing gaps between theory and practice, and providing better insight into the real financing needs of entrepreneurial firms in developing economies. To the authors’ knowledge, this is the first study to examine the financing preferences of Senegalese entrepreneurial firms, making it an important contribution to the literature on entrepreneurial firms financing in developing economies.

Form and functioning: contextualising the start of the Global Financing Facility policy processes in Burkina Faso

ABSTRACT Background Burkina Faso joined the Global Financing Facility for Women, Children and Adolescents (GFF) in 2017 to address persistent gaps in funding for reproductive, maternal, newborn, child, and adolescent health and nutrition (RMNCAH-N). Few empirical papers deal with how global funding mechanisms, and specifically GFF, support resource mobilisation for health nationally. Objective This study describes the policy processes of developing the GFF planning documents (the Investment Case and Project Appraisal Document) in Burkina Faso. Methods We conducted an exploratory qualitative policy analysis. Data collection included document review (N = 74) and in-depth semi-structured interviews (N = 23). Data were analysed based on the components of the health policy triangle. Results There was strong national political support to RMNCAH-N interventions, and the process of drawing up the investment case (IC) and the project appraisal document was inclusive and multi-sectoral. Despite high-level policy commitments, subsequent implementation of the World Bank project, including the GFF contribution, was perceived by respondents as challenging, even after the project restructuring process occurred. These challenges were due to ongoing policy fragmentation for RMNCAH-N, navigation of differing procedures and perspectives between stakeholders in the setting up of the work, overcoming misunderstandings about the nature of the GFF, and weak institutional anchoring of the IC. Insecurity and political instability also contributed to observed delays and difficulties in implementing the commitments agreed upon. To tackle these issues, transformational and distributive leaderships should be promoted and made effective. Conclusions Few studies have examined national policy processes linked to the GFF or other global health initiatives. This kind of research is needed to better understand the range of challenges in aligning donor and national priorities encountered across diverse health systems contexts. This study may stimulate others to ensure that the GFF and other global health initiatives respond to local needs and policy environments for better implementation.

Insufficient numbers and poor working conditions for rangers protecting tigers

AbstractProtected area rangers are planetary health care workers and are at the frontline of the protection of wildlife and wild places. Ensuring that there are sufficient rangers in protected areas, and that these rangers are equipped and provided with decent working conditions, is critical to protecting iconic species such as tiger Panthera tigris. Using data from a global survey of public‐sector ranger numbers, we estimate the shortfall in the number of rangers required to safeguard protected areas in Tiger Conservation Landscapes (TCLs) across the 10 Asian countries with breeding tigers. We calculate the cost required to address this shortfall in ranger numbers. We also estimate the costs for meeting a subset of the welfare needs of rangers aligned to the Chitwan Declaration of the World Ranger Congress. We estimate that a minimum of 12,500 more rangers are required across ~320,000 km2 of tiger‐bearing protected areas. We estimate this would cost US$ 45.8 million annually. The majority (63%) of these rangers are required in three Southeast Asian countries, which have declining tiger numbers. To meet a subset of the basic welfare needs of rangers, we estimate that an additional US$ 7.8 million is required annually across the 10 countries. While the funding gap that we estimate excludes many aspects of effective protected area management, we provide further evidence that protected areas in the biodiverse tropics remain underfunded. Increasing funding for rangers is a critical component of what is required to protect the tiger and tiger landscapes. We urge tiger range country governments, and the global conservation community, to secure this funding. Increasing the numbers of rangers, and effectively supporting their welfare, will increase our ability to protect the tiger and the ecologically significant landscapes in which it occurs.

Exploring Public Support for Bolivia’s Protected Areas: A Contingent Valuation Approach

This study investigates Bolivians’ willingness to pay for an annual passport facilitating visits to protected areas (PAs) in Bolivia, aiming to address challenges in PA financing and management amidst escalating deforestation. Employing the contingent valuation method, a representative sample of citizens aged 18 or older from major cities across Bolivia participated in a telephone interviewing questionnaire. The findings reveal limited public awareness and recognition of PAs, alongside significant interest in visiting these areas for tourism purposes or simply donating to the system to reduce its current financial gaps. Concerns regarding trust and transparency in fund management are highlighted, with demographic factors and perceptions influencing willingness to pay estimated at approximately USD 35 for a one-year passport. This study underscores the necessity for targeted interventions to enhance public awareness, improve infrastructure, and ensure transparency in fund management, thereby promoting sustainable tourism and safeguarding Bolivia’s PAs.