Pre-Covid, the world was not on track to achieve the Sustainable Development Goals (SDGs). The pandemic has thrown us further off course, exposing inequalities among peoples and countries and pushing an additional 97 million people into poverty.
Traditional models of financing development are not delivering the investment needed to achieve the SDGs by 2030. The ‘great finance divide’ is deepening. We need to rethink our approach to mobilising finance for the SDGs and aligning our financial systems with a future that’s sustainable, resilient and inclusive.
Integrated national financing frameworks (INFFs) were first introduced by UN Member States in the 2015 Addis Ababa Action Agenda as a country-led approach to strengthen public and private financing for sustainable development. Today, over 80 countries are developing INFFs, identifying and taking forward hundreds of financing reforms to mobilise and align greater sums of public and private financing with the SDGs.
This huge pipeline of reforms represents an unmissable opportunity to accelerate the SDGs. Guided by Ministries of Finance and other authorities, INFFs are a driving force for transforming national financing systems and channelling critical investment to the SDGs.
As INFFs progress, there is growing demand from countries for technical support to deliver reforms.
To meet this demand, UNDP, UN DESA, the OECD, the European Union, and the Governments of Italy and Sweden have come together to establish the INFF Facility.
The Facility works in three important ways:
UNDP, OECD and UN DESA will officially launch the INFF Facility on 28 April 2022 at 8h00-9h45 (EDT). The virtual launch event will take place on the sidelines of the 2022 ECOSOC Forum on Financing for Development and will be supported by the European Union, and the Governments of Italy and Sweden.
Join the UN Deputy Secretary-General, UNDP Administrator, the UN DESA Under-Secretary-General, the OECD Deputy Secretary-General and the EU Commissioner for International Partnerships together with Ministers of Finance and Planning from Mongolia, Tanzania and Uzbekistan and the Governments of Italy and Sweden as they share their reflections on how INFFs are helping countries develop and implement strategies, reforms and instruments to help finance national sustainable development plans and the SDGs. The event will explore the Facility’s ambitious goals and how they will be delivered to meet the growing demand from countries for support.
We gather to celebrate country achievements, learn about INFF innovations from around the world and strengthen the partnerships essential to financing the future WE want.
We are excited to host a great lineup of panellists from Facility partners and INFF champions. The event will be moderated by Adva Salinger, Senior Report at Devex and author of Devex Invested, a weekly newsletter that explores the role the private sector and private capital play in development.
Check back for more speaker announcements closer to the event!