Integrated National Financing Framework

Project overview:

An integrated national financing framework (INFF) helps countries strengthen planning processes and overcome existing impediments to financing sustainable development and the Sustainable Development Goals (SDGs) at the country level. The main goal of this Programme is to ensure a more efficient, transparent, and results-oriented use of public financial resources, as well as a more coordinated and integrated use of private financing for national development priorities. It lays out the full range of financing sources – domestic and international sources of both public and private finance – and allows countries to develop a financing strategy to increase investment, manage risks and achieve sustainable development priorities, as identified in a country’s national sustainable development strategy.

In Kyrgyzstan, the INFF programme was launched in 2020 to assists the Government of the country in forming the concept of priority reforms required for the implementation of the INFF and building the capacity of the authorities to increase their ongoing efforts to develop institutions and train key individuals to increase the impact of various forms of financial resources on the achievement of the SDGs in the country. The INFF will engage policymakers and development partners in solving the most pressing socio-economic challenges prioritized in the National Development Strategy of the Kyrgyz Republic. The programme will ensure that public and private resources, budget allocations and execution, investment strategies, fiscal policy objectives and partnerships are efficient and effective for achieving sustainable development outcomes, with particular focus on vulnerable groups, including women and children.

Interim results:

The Government of Kyrgyzstan have begun working on the Development Finance Assessment (DFA), which is designed to:

·       map the financing landscape for the SDGs covering all types of finance

·       strengthen the links between the functions of planning and financing policies

·       strengthen public and private finance policy solve reforms to mobilize resources

·       strengthen effective results-based financial management

Analytical work is underway to identify innovative financing tools that would help attract the private sector in financing the country's development priorities.

Expected results:

·       Increased public revenue generation through supporting digitalization and e-taxation efforts

·       Linkages between financial flows and sustainable development outcomes are strengthened by creating efficiency gains over spending

·       Kyrgyzstan has an improved strategic planning and financial system to support NDS/SDG implementation

·       State institutions have the capacity to align their sectoral budgets with MTFF/MTEF and NDS/SDGs through integrated gender sensitive budgeting

·       Improved monitoring and oversight for NDS/SDG implementation through designing relative government mechanisms

Status: Active

Start date:  July 2020

Projected end date: June 2022 (extension until June 2023 is being considered)

Geographic coverage:

Subject area: Sustainable economic growth

Project coordinator: Zhanybek Ybraiym Uulu

Partners: Department of Political and Economic Research of the President’s Administration of the Kyrgyz Republic, Ministry of Economy and Commerce, Ministry of Finance

Funding Source: The program is financed by the United Nations Joint Fund for SDGs and implemented by the UNDP jointly with UNICEF. This project is a continuation of the constant support of the Government of the Kyrgyz Republic by the UN in the implementation of the global 2030 Agenda for Sustainable Development.

Overall Budget: $1,165,471

UNDP Budget for this programme: $750,191

Impact

START DATE

June 2020

END DATE

June 2022

STATUS

Completed

PROJECT OFFICE

Kyrgyzstan

IMPLEMENTING PARTNER

United Nations Development Programme

DONORS

MPTFO - Joint SDG Fund (previously known as The Joint Fund for the 2030 Agenda)

UNITED NATIONS DEVELOPMENT PRO

TOTAL CONTRIBUTIONS

$802,148

DELIVERY IN PREVIOUS YEARS

2020$24,880

2021$248,414

2022$58,373

Full Project information