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The INFF Facility report, "Making finance work for people and planet: how countries are building their sustainable finance ecosystem through integrated national financing frameworks," was launched during a side event on April 24th 2024, at the ECOSOC Financing for Development (FfD) Forum held at UN Headquarters, New York.
The report contains achievements, lessons and best practices to date, drawing from country experiences in using the INFF approach to navigate the shifting economic landscape and the dynamic nature of development financing.
First introduced by UN Member States in the Addis Ababa Action Agenda, INFFs are being used by countries to reshape the financing ecosystem at the country level. Today, 86 countries are using the INFF approach to establish financing strategies and deliver related policies, reforms, resource mobilization efforts and governance frameworks. Thirteen national and subnational governments have an operational financing strategy and more than 50 countries are implementing finance policy reforms shaped through their INFF. An increasing number of countries are using their INFF as a platform to align their financial strategies with their Nationally Determined Contributions (NDCs) under the Paris Agreement, promoting investment in climate mitigation and adaptation initiatives.
The report illustrates a growing momentum in the use of country-led financing strategies and growing consensus on their value from a diverse range of public and private sector partners. It provides valuable insights and recommendations as the process for taking stock, considering what can be achieved at the Fourth International Conference on Financing for Development (FfD4) and reshaping the Addis Ababa Action Agenda moves forward over the coming year.