Integrated National Financing Frameworks: Overview and Adoption Benefits
Integrated National Financing Frameworks (INFFs) serve as a framework to enhance national planning processes by incorporating financing strategies. They help countries better articulate their development cooperation needs, mobilize funds for sustainable development goals, streamline international support tools, enhance coherence across ministries, manage risks, and improve transparency. The momentum behind INFFs includes various technical support initiatives and endorsements, showcasing the global commitment to this approach.
Download Presentation
Please find below an Image/Link to download the presentation.
The content on the website is provided AS IS for your information and personal use only. It may not be sold, licensed, or shared on other websites without obtaining consent from the author. Download presentation by click this link. If you encounter any issues during the download, it is possible that the publisher has removed the file from their server.
E N D
Presentation Transcript
Integrated national financing frameworks Natalia Aristizabal Mora, UNDESA Tom Beloe, UNDP 12 July 2023
1 What are INFFs?
Integrated National Financing Frameworks (INFFs): An Overview A framework to better incorporate financing into national planning processes Docking station for national financing policies, building on what is already there Country-owned and country-led
Assessment & Diagnostics Governance & Coordination Assessments and diagnostics provide a complete picture of financing: i) needs; ii) sources; iii) risk factors; and iv) binding constraints/challenges. Governance and coordination mechanisms guide the process and enhance coherence across government. Inception phase The inception phase starts the process and brings together relevant policymakers and stakeholders. Monitoring & Review Financing Strategy Financing strategies set out a set of sequenced actions to finance national development strategies and goals, and mobilise and align financing with national priorities. Monitoring and review helps governments track progress and draw lessons for policy design and implementation.
Why should countries adopt INFFs? Mobilise SDG financing and align all financing with sustainable development Enhance coherence across financing policies Between economic, climate and environmental, social impacts, and across ministries Better manage risk and an increasingly complex financing landscape Help countries better articulate their development cooperation needs and enhance transparency Streamline the wide variety of tools offered by the international community to support national action
Momentum behind INFF Technical support INFF Knowledge Platform is launched INFF global methodology published (IATF) Rome G20 Leaders Summit endorses INFFs and G20 Framework for voluntary support to INFFs Setting up partnership for an INFF Facility UNICEF joins Facility Scaled-up support for INFFs E-Learning course launched Technical Deep Dives published 2019 FfD report is published, including a thematic chapter on INFFs 2023 and beyond 2019 2021 2020 First INFF guidance document is published 2022 INFF Facility is launched at FfD Forum INFF discussion at the OECD DAC INFF additional guidance deep dives to be published
Implementing INFFs in LDCs Understand absorptive capacity and ensure knowledge transfer. Consider governance conditions, and peace and security issues 1 2 Ensure effective development cooperation and participation of various actors. Be pragmatic. 3 4 Expect staff changes and all kinds of setbacks. 5
Implementing INFFs in LDCs 1 Build on existing systems and knowledge 2 Prioritize 3 Phased approach
2 Where are INFFs being implemented?
Integrated national financing frameworks 32 LDCs are using the INFF approach 16 have launched or are currently developing a financing strategy
As LDCs develop financing strategies, they have prioritised 160+ reforms for immediate action. Remittances, philanthropy and faith-based financing Taxes and revenue Other SDG-aligned investment and business environment Budgeting and expenditure Financial markets and insurance Debt Blended and public-private finance Development cooperation Climate finance
INFF examples Lao PDR Financing strategy endorsed by Prime Minister, July 2023 9th NSEDP: 20-30% GDP cost (US$ 3-5 billion) Aims to relink fiscal policy with inclusive growth, broaden tax base, reduce debt levels Djibouti Financing strategy developed under leadership of the Minister of Finance Djibouti ICI: US$ 14 billion cost; 33% financing gap Prioritises domestic finance within the context of rising international debt costs Comoros Financing strategy embedded within structures for Plan Comoros Emergent PCE estimated cost: 520m a year Sets out reforms designed to double domestic revenue and reach investment >25% GDP
3 Where can I find more information?
The INFF Facility is welcoming new partners to strengthen the international architecture for supporting country-led INFFs. CORE PARTNERS The Facility works in three important ways: 1 2 3 brokers country demand and supply of technical assistance SUPPORTING PARTNERS deepens cooperation between public, private, and civil society actors, helping national institutions deliver reforms provides a platform for countries to share, connect & learn from one another and access innovative tools, knowledge and guidance.
Want more information? 01 02 03 INFFs and LDCs briefing Keep up to date on the latest INFF news Track INFF progress and experiences Check out our guidance & knowledge materials visit www.inff.org visit our dashboard start with the inception phase A step-by-step approach, bringing together tested methodologies and tools A digital space for the INFF community to learn, share and connect Data from the latest State of INFFs global survey check out the latest INFF stocktake An overview of INFF progress since the G20 endorsement in 2021 read the thematic INFF deep dives follow @INFFplatform take the INFF e-learning course Our course for beginners and more advanced learners Follow the platform on Twitter for daily updates Deep-dive guidance on INFFs in LDCs *** coming soon *** subscribe to our mailing list INFF news and events straight to your inbox read our briefs on INFFs and relevant themes On INFFs and LDCs, SDG sovereign bonds and tax reform.
Thank you. For more information, visit www.inff.org
