Service # 1 Developing SDG Financing Strategies to mobilise and align public and private finance

UNDP prioritizes systemic reform that strengthens the articulation of planning objectives, develops holistic strategies to mobilise necessary financing, builds capacity for implementation and follows up with rigorous performance monitoring. UNDP supports governments to strengthen the integration of planning and financing processes, align budgets to the SDGs (including debt and fiscal instruments), promote SDG-aligned private sector development and strengthen tools to monitor and account for SDG impact. By taking a holistic approach to the design of a financing strategy, the process can serve as an entry point into services around the governance, management and alignment of financing such as: SDG budgeting, SDG costing, debt management strategies, tax reforms, leveraging of international public finance, alignment of private capital and private sector core business, and SDG impact measurement and reporting across public and private actors.

UNDP is working to support the Integrated National Financing Frameworks (INFFs) and has already rolled out Development Finance Assessments (DFAs) which will be adapted to offer governments an established process to build the analysis and consensus for designing holistic financing strategies to drive recovery from the COVID-19 pandemic.