INFF workshop for financing national development strategies and the SDGs in Congo


The workshop focused on validating strategies and tools for Congo’s INFF to align and mobilize funds for the country's development priorities and the SDGs, utilizing innovative financing and private-sector engagement.

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The workshop focused on validating strategies and tools for Congo’s INFF to align and mobilize funds for the country's development priorities and the SDGs, utilizing innovative financing and private-sector engagement.


Event Date

23 January 2024 - 25 March 2024


Location

Congo


Region

Africa

Building Block

Inception phase


Tags

#INFF #PublicPrivatePartnership #SDGInvestment #DevelopmentFinance #InnovativeFinancing

The Republic of Congo aligned the Sustainable Development Goals (SDGs) with its National Development Plans (NDPs) for 2018-2022 and 2022-2026. The latest plan includes six main areas and 343 projects that, if fully funded, could significantly progress Congo towards its SDG targets.

Currently, the 2022-2026 NDP's success relies on securing funding from three sources: public, public-private partnerships (PPP), and private. The shift to an Integrated National Financing Framework (INFF) approach aims to bolster the plan's funding strategy by tapping into additional private sector resources.

The Government of Congo can use INFF for a comprehensive evaluation of financing options, both domestic and international, and prioritizes funding reforms. Through INFF, Congo can draw in private investment by using tools like the SDG Investment Map, which showcases investment opportunities that align with national development goals.

To navigate the INFF's challenges and harness its benefits, the Ministry of Planning, Statistics and Regional Integration has established a steering committee and, with the INFF Facility and UNDP’s support, is conducting a workshop focused on integrating the INFF to strengthen the NDP's financing strategy. It aims to  bring together public and private stakeholders to validate the studies, strategies and tools of the INFF with the aim of strengthening the mobilisation and alignment of public and private resources needed to finance national development priorities and the SDGs.