INFF Facility’s Post

🔎 "Transparency and Effective Co-operation are the ‘currencies of trust’ in #internationaldevelopment" - IATI Executive Director.📺 Missed our side-event at #HLPF2024? WATCH BACK "Road to the Conference on Financing for Development (FfD4): Laying the groundwork for a new era of transparency & development effectiveness". Great side-event with fascinating insights from: 💡 H.E. Mrs. Fatima Haram Acyl (Minister Delegate for Economy and Planning, Republic of Chad) 💡 Yemesrach Workie(Executive Director, IATI) 💡 Gary Forster (CEO, Publish What You Fund) 💡 Victoria Gellis (Adviser, U.S. Permanent Mission to the United Nations) 💡 Ilaria Carnevali (Deputy Executive Coordinator, UN Multi-Partner Trust Fund Office) 💡 Asor Henry Nkang (Ministry of Finance, Budget and National Planning, Government of Nigeria) IATI Executive Director Yemesrach Workie said: "Looking ahead to the Fourth International Conference on Financing for Development next year, it has been recognized that there is a need to redouble efforts towards these essential currencies. The 2024 Financing for Development Report stated, “Attention to the development effectiveness agenda has been lagging”. The report noted a “clear need to revitalise this agenda.” At FFD4, if we are to secure resources to fill the SDG financing gap of 4.2 trillion dollars, we need a significant injection of trust, collaboration and effectiveness. And so our asks are clear: we want a commitment in the FFD4 outcome document for all development finance to be published according to the International Aid Transparency Initiative Standard. And we want a clear commitment for the development system to adhere to and monitor the Global Partnership effectiveness principles". Read GPEDC's side event highlights: https://lnkd.in/eETg7qXG WATCH side-event back: https://lnkd.in/edNwtzyw

➡️ The WBIF Project Financiers’ Group (PFG) convened and co-chaired by Holger Schröder from the Directorate-General for Neighbourhood and Enlargement Negotiations and Sandra Kassab from the French Development Agency Agence Française de Développement. ➡️ Over 150 representatives from international financial institutions, 🇪🇺 EU Member States, bilateral donors, and the six Western Balkans economies participated, both in-person and online. Key discussions covered: 🔹 10th Investment round projects 🔹 30th Technical Assistance round 🔹 3rd Private Sector round ➡️ The European Commission also shared updates on the EU’s Growth Plan for the Western Balkans.️ The WBIF Partners welcomed the entry into force of the €6 billion Reform and Growth Facility on 25 May, which will provide financial assistance to support socio-economic and fundamental reforms. ➡️ At the PFG Meeting, the WBIF Stakeholders were presented with the WBIF C&V Guidelines and Plan 2024-2025, for improved and coordinated visibility activities. https://lnkd.in/dFaMEYuw 🔹 Together, we're driving progress and prosperity in the Western Balkans! EU Neighborhood & Enlargement #WesternBalkans

Take a look on very interesting report, 📗"Making finance work for people and planet: how countries are building their sustainable finance ecosystem through integrated national financing frameworks” - 👇 https://lnkd.in/gsKDe78Y ✍This report was prepared by the INFF Facility which is a joint initiative of the United Nations Development Programme (UNDP), the United Nations Department of Economic and Social Affairs (UN DESA), the Organisation for Economic Co-operation and Development (OECD), the United Nations Children's Fund (UNICEF), the European Union and the Governments of Italy, Spain and Sweden. ✅INFF Facility responds to the demand for support from countries developing integrated national financing frameworks (INFFs) to prepare national sustainable development plans. INFFs are used as a platform to align national financial strategies with the Nationally Determined Contributions (NDCs) under the Paris Agreement and to promote investment in climate mitigation and adaptation initiatives by 86 countries. #sustainabledevelopment #sustainablefinance #financialframeworks #financialstrategies #climatechange #climatemitigation #climateadaptation #NDS #investment ❗👉Follow us on LinkedIn Edu4Bis B.V.

For my #PPP colleagues – take a look on the chapter “Private finance for the #SDGs” of this report describing topics of hardwiring the SDGs into the foundations of financial markets; mobilizing investment in #SDG-aligned #pipelines, PPPs driving private financing towards #sustainable #development with recommendations on this issue. 

As the Second Session of the Preparatory Committee for the Fourth International Conference on Financing for Development (#FfD4) begins tomorrow at the United Nations Headquarters in New York, Kathrin Berensmann, Elise Dufief, PhD, Rob Floyd and I argue in this IDOS blog that the #FfD4 process offers a critical opportunity to ✅ Advocate for the hybrid capital proposal by the African Development Bank Group (AfDB) and Inter-American Development Bank (IDB) for channelling Special Drawing Rights (#SDRs) to Multilateral Development Banks (#MDBs). ✅ Address the political obstacles to its implementation. Since 2021, the global development community has recognised the immense potential of channelling SDRs to MDBs. MDBs can leverage channeled SDRs up to six times! To name just a few recent (November 2024) high-level calls: ➡️ The G20 Rio de Janeiro Leaders' Declaration invites countries "willing and legally able" to explore channelling SDRs to MDBs. ➡️ The Elements Paper for the FfD4 calls for accelerating proposals to use SDRs via MDBs "for countries in a position to do so." However, these calls will remain aspirational unless there is a technically feasible mechanism to operationalise the channelling of SDRs to MDBs. So far, the AfDB-IDB proposal stands out as the most advanced and innovative solution. Despite clear guidance from the IMF, its implementation faces a major hurdle: no country has yet committed to channel SDRs into this hybrid capital instrument, which requires the participation of at least five countries. Stakeholders - including the AfDB, IDB, UN(DESA), developing country governments and civil society organisations - need to use the FfD4 process to convince potential donor countries to participate in the AfDB-IDB proposal. 📝 Read more in our blog below. #SDRs #SDGs #MDBs #FfD4 German Institute of Development and Sustainability (IDOS) African Center for Economic Transformation (ACET) IDDRI

The devil is indeed in the details when it comes to the New Collective Quantified Goal (NCQG). The agreement ambitiously aims to mobilize $300 billion per year for developing countries by 2035, with developed nations supposedly taking the lead. It also calls on all actors to scale up finance to developing countries to $1.3 trillion per year by 2035 from both public and private sources. However, "taking the lead" implies that the full $300 billion won't come solely from public sources within developed countries. We can expect a mix of grants and loans, contradicting the Paris Agreement's policy framework. Even if developed countries were to fully fund the $300 billion, scaling up to $1.3 trillion would require an additional $1 trillion. This clearly shows that developed countries are not truly taking the lead as claimed by the NCQG. It seems like an agreement set to fail from the very beginning.

📣 We are launching our new report “Making finance work for people and planet: how countries are building their sustainable finance ecosystem through integrated national financing frameworks” at the #INFF #FfDForum side event!    ⏰ Wednesday, 24 April 2024, 13:15-14:30 EST   📍 Conference Room 12, UN Secretariat building, New York and online  🏠 INFF Facility (UNDP, UNDESA, OECD, UNICEF) and the Government of Spain ✏ Register for the event 👉 https://lnkd.in/e3JqbcBv The Government of Spain and the INFF Facility are hosting a high-level side event at the Financing for Development Forum 2024. This side event will also feature speakers from governments using the INFF approach, alongside perspectives from partners. It will also facilitate discussion on how INFFs can be scaled up to accelerate progress in the second half of the SDG timeline, including through the Fourth International Conference on Financing for Development (#FfD4). What’s inside the Report?     ✅ The report details the 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. ✅ It 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.     ✅ The report provides valuable insights and recommendations as the process for taking stock, considering what can be achieved at FfD4 and reshaping the Addis Ababa Action Agenda moves forward over the coming year.      Here are some highlights: ✨ Insights on developing #INFFs from around the world  🌍 Progress towards building sustainable finance ecosystems at the country level  🔑 Key recommendations for FfD4, government leaders, private sector representatives, international financial Institutions (#IFIs) and civil society organizations (#CSOs) Register for the event NOW 👉 https://lnkd.in/e3JqbcBv UNDP | UNDP Sustainable Finance Hub | OECD - OCDE | UNICEF | United Nations Department of Economic and Social Affairs | European Union | Sida |  

#MDBs in Financing Adaptation: New Approaches to Assess the Effectiveness of Adaptation Interventions. ➡️ Adèle Tanguy , Alexandre Magnan & Lola Vallejo wrote a chapter of this report published by the Observer Research Foundation. This chapter addresses the issue of Multilateral Development #Banks and adaptation financing. What are the MDBs' current approaches and challenges in measuring the #climate effectiveness of the adaptation financing they provide? To what extent can innovative evaluation methods help to meet these challenges? Read more 👉 https://urls.fr/NjVvvO

There's an urgent need to raise more finance to support sustainable development ambitions. Better data can help in three ways: 1. Make tax collection more effective and progressive 2. Close the gap between the perception and reality of risk for private investors 3. Increase the efficiency of ODA spending Mahmoud Mohieldin and I set out the arguments and evidence in this piece on Project Syndicate Peter Chowla United Nations Department of Economic and Social Affairs Global Partnership for Sustainable Development Data #FinancingForDevelopment #FFD4 #SDGs https://lnkd.in/eb89itTS

I find this interesting.