Welcome to this discussion on Development Financing (Keeping People out of Poverty)!
The second discussion in the ‘keeping people out poverty’ series is on development financing, with the reflection paper as a starting point. The discussion aims to capture the impact of the COVID-19 outbreak and the associated social and economic crisis on development finance and UNDP’s direct and collaborative responses in assisting countries to manage these impacts and articulate forward-looking risk-informed measures and strategies. It will also collect insights on more recent developments and UNDP’s role in the development finance space. In 2021/2022, IEO is conducting a formative evaluation of UNDP’s contribution towards financing the pandemic recovery, and your contributions to this discussion will help inform it. We welcome your inputs, insights, comments, insights, and lessons learned are welcome until 2 July 2021!
Overall Lessons Learned
1. Have you come across similar lessons to those in the Reflections paper on Development Financing in your work? Feel free to share lessons around what worked and why.
UNDP and UNCDF Development Finance Support
2. Please share innovative examples of UNDP or UNCDF’s work in development finance (e.g., digital, INFF, national SDG financing framework, local development finance, SDG budgeting, financial inclusion, tax and debt instruments, mobilising private capital, risk finance and insurance etc.), including what worked and why with regard to programme design, partners, institutional arrangements.
3. Are there capacity building initiatives supported by UNDP to improve policy for better development financing options?
Country Typology: Specific Development Finance Support Needs
4. What are the challenges specific to different country typologies (such as MICs, LDCs, SIDS, conflict countries) in attracting and scaling up development finance? How can UNDP better use its efforts to address these challenges, including by helping countries in their efforts to mobilize more resources domestically as well as tap into innovative financing options?
Private Sector SDG Finance and Involvement
5. How can UNDP increase its engagement of the private sector and promote its alignment with sustainable development at national and the local levels? How can UNDP assist governments in their efforts to attract investment in priority areas for the SDGs and engage regional and international private investors for sustainable development? Any examples, including, as regards effective tools, methodologies, and approaches to facilitate engagement on addressing policy bottlenecks?
UNDP Fiscal Policy Support
6. Rising debt levels across a wide range of countries in the wake of COVID-19 posed a significant constraint for countries to deliver services to the poor and finance inclusive recovery plans as well with regard those hit hardest in restructuring their debt portfolios in ways that could release fiscal space for priorities. What has been UNDP’s role assisting governments in these areas, including in respect to national and local budgets, and what can it do to enhance the impact of its support?
7. What efforts did UNDP take to assist governments in their efforts to boost the national revenue base? What are the challenges and opportunities?
Please indicate which question(s) you are responding to in your comment.