Mongolia was one of the first countries to adopt a national development strategy aligned with SDGs, creating its own Sustainable Development Vision (SDV) for 2030 in 2016. Yet, Mongolia’s specific challenges in effective delivery of the SDGs, especially in the social sectors, are not solely due to a lack of financial resources, but also to the weak link between policies and financing. The INFF aims to mobilise financial resources for the SDV through the improved alignment of financial resources with the national development policies and planning system.
Through three streams of reform activities, the INFF will build on the development finance assessment (DFA) conducted in 2018 and establish a new financing architecture for Mongolia. The INFF will focus on (1) strengthening the governance structure of SDG financing and monitoring & review systems; (2) formulating an integrated national financial strategy; and (3) building capacity of key stakeholders to implement SDG financing strategies, incorporating international best practices and innovative solutions. In line with the commitment to ‘leave no one behind’, the INFF will focus on strategies and budget programmes that specifically target social sector support for women and youth.
For more details, visit the Joint SDG Fund website.