SPOTLIGHT: INFFs and COVID-19
SPOTLIGHT: INFFs and COVID-19
Asia

Philippines

In 2020, the Philippines will continue the development of its INFF with support from the UN Joint SDG Fund. The INFF will build on the results of the country’s development finance assessment (DFA), which was completed in 2017.

In 2017, the Philippines completed its DFA, which highlighted the bottlenecks, challenges, and opportunities in mobilising financing for sustainable development. The DFA highlights the country’s need for support in strengthening the link between national and sectoral plans and national budgeting processes and financing strategies. Currently, national and sectoral plans are not mandatory considerations in in the formulation of the annual national budgets and the country’s financing gap is significant.

To address these challenges, funding from the UN Joint Fund will support the Philippines in developing and implementing an INFF.  Support from the UN Joint Fund will provide catalytic support, tools, and technical assistance for strengthening systems, coordination and consensus building on priorities as part of a whole of government approach. 

Through the INFF, the Government of the Philippines will work to (i) strengthen and integrate existing building blocks of an INFF in national government planning, budgeting and monitoring infrastructure to ensure appropriate financing and better delivery; (ii) finance and coordinate multi-sector priority SDG programmes that reduce future expenditure requirements on the SDGs; and (iii) identify alternative financing sources for the SDGs.

The interagency Sub-Committee on the SDGs will lead the design and execution of the INFF.  The Sub-Committee will adopt a multisectoral approach, engaging local governments, development partners, civil society, the private sector and other stakeholders throughout the development of the INFF.    

For more details, visit the Joint SDG Fund website.

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