SPOTLIGHT: INFFs and COVID-19
SPOTLIGHT: INFFs and COVID-19
The Americas

Costa Rica

In 2020, Costa Rica will continue the development of its development finance assessment (DFA) and INFF, with support from the UN Joint SDG Fund.

Costa Rica’s INFF is geared towards generating structural changes in the way that public sector plans, finances and national priorities are aligned with the 2030 Agenda. Clearly, these changes will not depend entirely on the INFF and will require a longer timeframe, however, there are technical capacity gaps in the public sector that the INFF can address in a manner that accelerates progress towards those structural changes.

Costa Rica is currently conducting a DFA, which will lay the foundation for the development of an INFF. Implementation of the DFA and INFF will enable Costa Rica’s SDG financing architecture to mobilise more financial resources in the medium term and increase Costa Rica’s ability to achieve its national sustainable development goals.

Through a two-pillar approach, the INFF intends to strengthen the SDG financing architecture at the national, sectoral and ecosystem levels. The INFF will align multiple sources of capital and planning processes with national development priorities and the 2030 Agenda, while focusing specifically on the education sector to improve its public spending efficiency through the implementation of a gender-responsive, socially inclusive and results-based budget and framework.

At the ecosystem level, the INFF will convene key stakeholders in the private, social and financial domains to identify concrete opportunities for strengthened cross-sectoral collaboration in joint financing and operational mechanisms, complemented by capacity building and dialogue strengthening processes. 

For more details, visit the Joint SDG Fund website.

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