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Resource mobilization in countries in special situations

Despite the impressive economic growth in recent decades, the overall economic and social development in Asia-Pacific region masks considerable variations between country groupings. In particular, the development of the countries in special situations (CSS), which comprises of least developed countries (LDCs), landlocked developing countries (LLDCs) and small island developing States (SIDS) in the region, has been uneven and slow, especially after COVID-19 pandemic started. Their economies are marked by persistent structural development challenges, volatile economic growth and highly concentrated production and export structure.

The Addis Ababa Action Agenda of the Third International Conference on Financing for Development (AAAA) recognized that the CSS group would need enhanced financing support to overcome the structural challenges to effectively pursue the 2030 Agenda for Sustainable Development and the associated Sustainable Development Goals (SDGs).

Financing needs in these countries are disproportionately large relative to the size of their economies, requiring greater domestic resource mobilization, complemented by strong international support. They will also need to identify additional and innovative financing sources to fill their development gaps.

The United Nations Economic and Social Commission for Asia and the Pacific’s project “Supporting the Countries with Special Needs in Asia-Pacific in meeting the challenge of resource mobilization for achieving the 2030 Agenda for Sustainable Development” aims to address these challenges.

The project implementation period was from March 2018 to December 2021 and the project’s main goals were:

  1. Increase capacities of policymakers to allocate and utilize existing resources more effectively; and
  2. Identify and formulate forward-looking policies and strategies to mobilize additional financing in target CSS.

Project Strategy

Resource Mobilization Project Strategy Diagnosis

1. Undertake primary diagnosis and analytical work

The project has developed a range of studies that analyse CSS’s financial needs and ensure effective allocation and utilization of existing resources to overcome structural challenges.

Resource Mobilization Project Strategy Workshop

2. National and group specific capacity building workshops

These workshops are crucial instruments for delivering tailored capacity building programmes to CSS’s policymakers so that they can better identify gaps and assess policies that allocate and utilize existing financial resources for sustainable development more effectively.

Resource Mobilization Project Strategy Networking

3. Networking platform and database

By recognizing that the process of formulating resource mobilization policies and strategies is lengthy and will extend beyond the life of the project, the project leveraged existing networking platforms to enable further collaboration and debate among participants on strategies to mobilize financing in support of sustainable development. The project also identified databases that allows tracking of policy reforms in areas of resource mobilization, especially to support sustainable development agenda.

Project Outcomes