Monitoring and review

Existing tracking and monitoring systems may be distinct and may not be coherent. INFFs could serve as a vehicle to strengthen coherence among existing systems and close gaps in the architecture. For example, results frameworks for national budgets might not be aligned with results frameworks used in development cooperation. Bringing different monitoring systems together can also reveal redundancies and overlaps. The holistic perspective of an INFF can give further momentum to ongoing initiatives to better measure and report on the sustainability impact of private sector behaviour.

Monitoring and review activities should focus on whether the alignment and coherence of financing policies with national priorities is increasing; whether coordination among relevant stakeholders to this end is improving; and, ultimately, whether the integrated approach has raised additional resources for implementing a national sustainable development strategy. This review can provide an opportunity to solicit feedback from key stakeholders, both within government and from non-state actors. It can support ongoing dialogue among all relevant actors, allowing them to share lessons on what does and does not work.

Monitoring and review lays the groundwork for greater transparency and accountability. Accountability mechanisms can help ensure that governments are responsive to all stakeholders, including civil society, the private sector, parliamentarians and others. Such mechanisms can provide transparency to the policy process, facilitate mutual learning and thereby improve effectiveness. They can also help build partnerships and create political constituencies for reform processes, thus propelling political momentum for change.