This study is one of three that have been commissioned under a PDF B Grant to assist in the preparation of a Project Document for the UNDP/GEF project on Strengthening the System of National Protected Areas in Namibia. The aim of the overall project is to safeguard the integrity of biodiversity and enhance the contribution of protected areas to Namibia's development process. The main aims of this study were to describe the economic value of and investigate options for improving financing of the protected area system.