拉丁美洲经济委员会-拉丁美洲和加勒比国家实施综合国家融资框架的最新经验（英）-2025_48页_1mb

Summary of "Recent experiences in implementing integrated national financing frameworks for Latin American and Caribbean countries"

Core Content

Integrated National Financing Frameworks (INFFs) are strategic tools used by Latin American and Caribbean countries to align financial resources with sustainable development goals (SDGs). These frameworks are designed to identify and mobilize public and private funding sources, both domestic and international, and ensure that all dimensions of sustainability—economic, social, and environmental—are considered in the selection of financing instruments and reforms.

INFFs support the development of long-term strategies to finance national priorities and SDGs, emphasizing the need for comprehensive assessments, strategic financing, monitoring systems, and governance mechanisms. They are flexible and can be adapted to different national contexts, whether for broad development objectives or specific policy goals such as combating child malnutrition or promoting the blue economy.

Main Countries and Their Experiences

Colombia

• Objectives: Recognize financial flows supporting SDGs, design a budget tagging system, and automate related instruments.
• Implementation:
  • A budget tagging system was implemented in 2020, producing results in 2021, and automated in 2023.
  • The system enabled detailed tracking of public resources allocated to SDGs, with 89.2% of the 2023 General Budget of the Nation aligned with SDGs.
  • Key SDG allocations:
    • Goal 16 (Peace, justice, strong institutions): 17.9%
    • Goal 10 (Reducing inequalities): 16.3%
    • Goal 3 (Good health and well-being): 16.3%
    • Goal 4 (Quality education): 14.3%
  • Sovereign Green Bonds: Issued in September 2021 for C$750 billion (US$195 million), with additional tranches of C$1.72 trillion (US$423 million).
  • Tools Developed:
    • SDG Investor Map: Identifies 22 investment opportunities in seven priority sectors.
    • SDG Corporate Tracker: Monitors private sector contributions to SDGs and supports impact investment discussions.

Ecuador

• Focus: Combating chronic child malnutrition, aligned with Goal 3 (Good health and well-being).
• Key Activities:
  • Conducted cost assessments and analyzed fiscal and private financial flows.
  • Designed an INFF to support inclusive and sustainable economic growth, with a focus on policies that generate multiplier effects.
  • Prioritized policies such as quality education, health access, water management, and formal employment.
• Framework Components:
  • Development of a roadmap for INFF applicability.
  • Analysis of SDG financial flows and their alignment with national development plans.
  • Establishment of a governance mechanism to expedite implementation.

Dominican Republic

• Design: An action plan linked to the 2030 National Development Strategy and SDGs.
• Prioritized Policies:
  • Quality education
  • Higher education, science, and technology
  • Universal access to health
  • Water access and resource improvement
  • Territorial and municipal public policies
  • Formal employment
  • Rural development
  • Environmental sustainability and climate change
  • Transportation
  • Citizen security
• Process:
  • Conducted cost and gap analyses for the prioritized policies.
  • Identified sources and mechanisms for financing.
  • Emphasized the importance of stakeholder coordination and transparency in the implementation process.

Subnational Governments and INFFs

Subnational governments play a crucial role in the provision of public goods and services and in achieving SDGs. They face challenges such as:

• Territorial heterogeneity and inequality.
• Fiscal imbalances and debt management.
• Need for diversified financing strategies, including:
  • Own revenues
  • Intergovernmental transfers
  • Public-private partnerships (PPPs)
  • Borrowing
  • Non-profit organizations
• Monitoring and Information Systems: Essential for tracking financial flows and ensuring effective policy implementation.

Role of INFFs in the Labour Market

• Decent Work: A key component in achieving SDGs and reducing inequalities.
• Challenges in the Region:
  • High informality rates.
  • Gender gaps in employment and wages.
  • Youth unemployment.
• INFF Contributions:
  • Support the development of a roadmap for decent work.
  • Enable the identification of expenditure lines and projects relevant to thematic bond issuance.
  • Facilitate the alignment of public and private resources with SDG objectives.

Key Findings and Recommendations

• INFFs provide a conceptual visualization of financial flows and institutions, helping to coordinate various stakeholders.
• They are flexible and can be tailored to different national and subnational contexts.
• Coordination between government levels is essential for effective resource allocation and policy implementation.
• Transparency and accountability are critical for ensuring the efficiency and equity of public spending.
• INFFs can foster a virtuous cycle of investment, training, and inclusion, particularly in the context of sustainable development and decent work.

Conclusion

INFFs are a valuable tool for aligning financial resources with national and regional development priorities, particularly the SDGs. Their implementation has been supported by various countries in Latin America and the Caribbean, with notable examples in Colombia, Ecuador, and the Dominican Republic. These frameworks not only help in identifying and mobilizing financing but also in strengthening governance, transparency, and coordination across different levels of government. Their application in the labour market further highlights their role in promoting decent work and reducing inequalities.