Locations
Operationalizing Integrated National Financing Framework in the Maldives
This joint programme contributes to the operationalizing of an Integrated National Financing Framework (INFF) process in the Maldives. The programme seeks to:
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Strengthen the core system of governance of planning and financing
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To mobilize and improve the targeting of financing towards two long-term development priorities
The programme centres around two development priorities: climate action; and reforms necessary to deliver quality, equitable, gender responsive and sustainable social services. The joint programme complements the on-going Development Finance Assessment (DFA), while supporting the financing needs assessments and costing exercises to estimate the SDG financing gap, concurrently taking account of the on-going COVID-19 crisis on the Maldives SDGs. The joint programme consolidates the existing institutional arrangements into a full-fledged, gender balanced, INFF Oversight Committee.
Maldives stands on the frontlines of climate change in the Indian Ocean. With 80% of land less than one metre above sea level, rising sea levels will submerge the islands. Thus the government of Maldives has strong ambitions to combat climate change and to increase the country’s adaptability to such disasters. Despite the efforts only less than ideal amounts of resources are available for the Maldives to meet these targets.
The INFF aims to provide a coherent framework to bring all the stakeholders together under one umbrella in the Maldives for climate actions as one priority area, allowing optimal use of available local and international funds. DFA runs diagnostics exercises to understand climate financing requirements for the Maldives to create a nationally owned finance strategy in order to mobilize resources for climate action. The joint programme leads the country two steps closer to achieving the SDGs.
Major Achievements
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Costing and analysis of social sector: Completion of the National Transfer accounts and Reproductive Maternal, Newborn, Child and Adolescent Health (RMNCAH) strategy which are the primary inputs to understand the costing requirements for providing quality social sector services.
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Costing of climate finance needs: A detailed climate finance analysis to be presented as a special chapter part of the DFA in early 2022.
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Commencing INFF awareness and capacity building activities: PUNOs began capacity building for major stakeholders starting with the Parliament of Maldives during October 2021, on global best practices for budgetary cycling and on developing equity and gender-based budgeting practices.
The project outcomes are as follows:
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Identification of stock taking of the overall landscape and trends in SDG financing in the aftermath of the COVID-19 crisis. In addition, long-term investments required for climate action, equitable and gender responsive social service provision
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National Integrated Financing Strategy is developed and operationalized
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Integrated National Financing Framework (INFF) architecture strengthened, including improved monitoring of financing impact.
- In-depth gender responsive costing of social sector reforms completed for achieving quality, equity, and sustainability in services, starting 2022
- A gender-responsive integrated financing strategy has been launched in 2023
- Implementation of a gender responsive integrated financing strategy supported, including building the capacity of the line ministries to conduct gender audits of budgets, starting 2023
- Design of a gender-balanced full-fledged INFF oversight committee completed and the committee is operational.