The INFF process will contribute towards an integrated and medium-term strategy for the acceleration of SDG implementation in Colombia. The process will help the government transition from a monitoring and reporting rationale towards ‘financing for development’, with particular focus on unlocking the potential of the private sector. The established INFF will operate as an informative tool to identify financial flows towards SDG targets, mobilise resources for gender equality and help enhance leadership and institutional coherence.
The INFF focuses on two interconnected outcomes which are expected to produce: (a) credible analytical evidence regarding the existing financial framework for financing the SDGs targets in order to diversify funding mechanisms and increase public and private financial resources towards the SDGs; and (b) a national SDG financing strategy focused on the establishment of a roadmap to identify integrated financing solutions. With increased stakeholder knowledge and awareness of the distribution of SDG funding, improved funding decisions will be made. The overall results of the INFF will be a more transparent, accountable and efficient national SDG architecture in Colombia.