Integrated National Financing Framework for Accelerating Achievement of SDGs (INFF4SDGs) in Bangladesh
Project properties
BGD/20/50/UND Asia and the Pacific Bangladesh MPTF/UNDP Completed This project is part of the Global Flagship Programme on Building Social Protection Floors for All
Description
The Joint Programme (JP) will support the government of Bangladesh (GoB) to put in place an integrated financing framework to more effectively mobilize required resources from public and private sources for attaining SDGs by 2030. Through the Joint Programme support, the government will not only estimate the gaps in SDG financing, but also adopt a forward-looking approach regarding engaging the public, private sector and partners, keeping in considerations the country’s LDC graduation in 2024. With support from the JP, the government will focus on fiscal space analysis and explore identify new and innovative fiscal spaces and business models for the private sector for attaining SDGs. This JP will also result a strong governance and coordination mechanisms among the government and private sectors and an oversight mechanism for expenditure efficiencies and maximizing expenditure impacts. UNDP has played a key role informing the IATF, drawing from its experience supporting some of the early mover countries in establishing INFFs, through its work on Development Finance Assessments (DFAs) processes in more than 35 countries. Piloted by RBAP, the INFF was also based conceptually on the 2016 UNDP Asia-Pacific report on Financing SDGs in the Era of the Addis Ababa Action Agenda which explored the building blocks of an INFF based on country experiences. Demand from countries needs to be met with international cooperation and action that coherently brings together existing initiatives, diagnostic tools and capacity-building. The IATF has proposed a joint approach among international agencies to support governments that wish to establish or strengthen an INFF – this will pilot among a group of 17 countries in an approach involving the EU, IMF, World Bank, UNDP and UN RCs. The process resulted in a methodological note that defines four integrated steps for INFF – see visualization in the previous page: • Assessment and diagnostics • Financing strategy • Monitoring and review • Governance and coordination In Bangladesh, each step has been tailored to Countries needs and comparative value add of UN agencies involved. A description of how the framework has been tailored to the country context is detailed in the following page.SDG
Goals
- Strengthen the means of implementation and revitalize the global partnership for sustainable development
Time
01.06.2020 - 31.12.2022
Budget
174,006 / 197,095
Development Cooperation