LocationsAn action-oriented roadmap for climate action and pro-climate growth
The Government of Maldives and the United Nations in the Maldives convened the final Oversight Committee (OC) meeting of the Integrated National Finance Framework (INFF) in the Maldives as it draws towards closure, with a preliminary gender-responsive climate financing strategy and validation workshops with Ministry of Finance as the lead stakeholder and Frankfurt School
The OC meeting co-chaired by Deputy Minister of Finance and the Resident Coordinator of United Nations in the Maldives, presented the findings of the gender-responsive Climate Financing Strategy being developed together with the Frankfurt School of Finance and Management and discussed social sector financing strategy development, post-programming implementation and monitoring framework of the INFF.
The financing strategy identifies 16 broad objectives and key action points to mobilize financing for climate action, from both public and private spheres in the Maldives, while also ensuring gender equality and women’s empowerment is mainstreamed in the formulation, implementation and monitoring and evaluation of sustainable climate financing strategies.
In addition to the OC meeting, validation sessions were also conducted by UNDP in the Maldives and Frankfurt School to present the key findings of the climate-focused financing strategy, which sought feedback from the key stakeholders.
"INFF financing strategy provides an action-oriented roadmap to nudge domestic resources for climate action while also positioning Maldives as a net receiver of external capital for pro-climate growth," said Enrico Gaveglia, UNDP Resident Representative in the Maldives at the OC meeting.
