Seven years after the adoption of the 2030 and Addis agendas, mobilization of sufficient finance remains a critical challenge in most countries. While the COVID-19 pandemic has undermined fiscal and external balances, additional disruption to food and energy prices caused by the war in Ukraine plus rising global interest rates and unprecedented natural disasters are threatening countries’ prospects for the achievement of the Sustainable Development Goals (SDGs). In this context, integrated national financing frameworks (INFFs) can help policymakers map the landscape for financing sustainable development – including domestic public resources, development cooperation, and domestic and international private finance – through (i) aligning financing policies with national sustainable development priorities, and (ii) strengthening the links between national planning processes and financing policies.
Streamlining and enhancing financing for the SDGs is particularly important in Pakistan. Improving the country’s capacity to plan the financing of the SDGs appears particularly important, especially in the wake of the calamitous floods of 2022, estimated to cost $30 billion in damages and economic costs plus $16 billion in rehabilitation and reconstruction.
This workshop will discuss (i) challenges and opportunities for Pakistan to advance the financing of its sustainable development and (ii) elements of an INFF that the country could prioritize to improve the country’s planning and implementation of financial policies to achieve the SDGs.