2. State of INFFs and Financing Strategies in LAC
27 October: 11:00 - 12:00 hrs.
Place: Morelos Room A & B

Moderator

  • Lyes Ferroukhi
    LAC Regional Hub UNDP, Regional Hub Manager

Panelists

  • Adriano García Hernández
    Ministry of Economy and Planning, Cuba, Economic Policy Expert

  • Perla Soto
    Ministry of Finance and Economy, Dominican Republic., Responsible of the Sustainable Development Department

  • Regina Rosales
    Ministry of Finance, Mexico, Director General in charge of International Fora and Sustainable Finance

Background
At the Fourth International Conference on Financing for Development UN Member States reaffirmed their commitment to integrated national financing frameworks (INFFs). These country-led frameworks were recognised as central to the renewed global financing framework and as catalysts for mobilising and enhancing the sustainable development impact of public, private, domestic and international finance. The Sevilla Platform for Action launched various initiatives to advance and support financing reforms through these country-led approaches, including in connection with country platforms for investment in sustainable development priorities.i

Across Latin America and the Caribbean, countries are putting in place and strengthening national financing strategies and frameworks for sustainable development. Embedded within national institutions, these frameworks are strengthening the integration of sustainable development planning and financing policymaking. Governments across the region – Mexico, Cuba, the Dominican Republic, Uruguay and others – are using them to catalyse innovative reforms that leverage new forms of finance and enhance the social, environmental and economic alignment of financing for greater impact.

This session will explore the unique financing frameworks that countries are delivering. It will examine how these frameworks are shaping finance policy decision making, the policy innovations they are unlocking and the outcomes being leveraged. It will consider key lessons for others to consider as they seek to strengthen financing for sustainable development within their own contexts and institutions.

Objectives
  • Showcase how countries are using the INFF approach to advance holistic, public and private, strategies for financing sustainable development priorities.
  • Discuss how an integrated approach to financing can build a financing system that works for social, environmental and economic objectives together.
  • Identify regional priorities for peer-learning and collaboration to scale country-led financing reforms across the region.
Guiding questions
  • How are countries building a holistic, public and private, approach to financing sustainable development priorities? 
  • How has this shaped prioritization across policy areas and catalysed the delivery of innovative financing reforms?
  • What lessons can countries share with others across the region to accelerate the development of a financing architecture that works for the SDGs, climate and environmental priorities?

i For example the Sevilla Platform for Action Initiative, Country-driven approaches to financing sustainable development and climate action.