WAVES has helpsed Indonesia implement a system that calculates the physical and monetary values of natural resources using an accounting system, or often referred to as Natural Capital Accounting, or NCA. Through NCA, natural resources can be mainstreamed into development policy and planning. This video captures the impact that accounting has had on policy-making in Indonesia.
Last year, WAVES program stated that “African countries lead on natural capital accounting”. The recent flurry of activity on the continent appears to support this.
The Ministry of Finance and WAVES organized a training as part of ongoing efforts to implement NCA.