How countries are building their sustainable finance ecosystem through integrated national financing frameworks.

The report contains achievements, lessons and best practices to date, drawing from country experiences in using the integrated national financing framework (INFF) approach to navigate the shifting economic landscape and the dynamic nature of development financing. 

The report is published by the INFF Facility, a joint flagship initiative of the United Nations Development Programme (UNDP), the United Nations Department of Economic and Social Affairs (UN DESA), the United Nations Children’s Fund (UNICEF), the Organisation for Economic Co-operation and Development (OECD), the European Union (EU) and the Governments of Italy, Spain and Sweden.

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. 

The implementation of Integrated National Financing Frameworks is a transformative approach that helps countries build sustainable finance ecosystems. By integrating financial strategies with national development goals and international commitments, countries can mobilize the necessary resources to support sustainable development. The achievements, lessons learned, and best practices highlighted in the report provide a valuable roadmap for countries seeking to enhance their financing strategies and contribute to a more sustainable and equitable global economy.

Download the full report here

References
1. United Nations Development Programme (UNDP). (2022). Integrated National Financing Frameworks. Retrieved from UNDP
2. United Nations Department of Economic and Social Affairs (UN DESA). (2022). Financing for Sustainable Development. Retrieved from UN DESA
3. United Nations Children’s Fund (UNICEF). (2022). Sustainable Development Goals. Retrieved from UNICEF
4. Organisation for Economic Co-operation and Development (OECD). (2022). Sustainable Finance. Retrieved from OECD
5. European Union (EU). (2022). EU and Sustainable Finance. Retrieved from EU
6. Addis Ababa Action Agenda. (2015). Third International Conference on Financing for Development. Retrieved from United Nations
7. Paris Agreement. (2015). United Nations Framework Convention on Climate Change (UNFCCC). Retrieved from UNFCCC