Published on June 1, 2022

Ecuador participates in the launch of a platform to finance the Sustainable Development Goals

The Vice Minister of Finance, Bernardo Orellana, participated in the first forum of the launch event of the National Integrated Financing Frameworks (INFF) platform, where he addressed the reality of the economic environment that surrounds Ecuador after the pandemic by COVID 19, the current challenges of financing for development at the national level and the opportunities that can be observed as a result of the launch of this tool.

The INFF platform is a space that will bring together international partners to expand and align support to countries that are implementing National Integrated Financing Frameworks, with the aim of channeling investment towards the Sustainable Development Goals (SDGs). This platform will work under three main axes: intermediate technical support for the preparation of INFFs, deepen cooperation between actors from various sectors at the national and global levels, and provide a connection space where countries share and learn from each other.

Integrated Country Financing Frameworks (INFFs) were introduced by UN Member States in the 2015 Addis Ababa Action Agenda as a country-led approach to strengthening public and private financing for sustainable development. Today, Ecuador is part of the more than 80 countries that are developing an INFF, identifying and carrying out financial reforms to mobilize and align larger amounts of financing from various sources with the SDGs. This process is carried out with the support of the United Nations System in Ecuador, through the joint program Financing the SDGs and attacking Chronic Child Malnutrition,

The vice minister of finance, Bernardo Orellana, stated that Ecuador is in an early stage of implementation and that the INFF offers a great number of opportunities. “We need to take full advantage of this multilateral support, we have many opportunities and a lot of technical support on specialized topics”

For his part, Achim Steiner, administrator of the United Nations Development Program (UNDP), spoke about the advantages offered by this new platform, the National Financing Frameworks for countries, and the right time to launch this platform. new space “since we need to scale our support but also provide countries with the means to quickly introduce policy reforms that allow reaching the amounts of investment that are required and leveraging private capital”

Financing the SDGs and attacking chronic child malnutrition is a joint program involving the United Nations Development Program (UNDP) , UNICEF and the World Food Program (WFP) , agencies of the United Nations system in Ecuador such as support to the national government. The interagency program, promoted by the United Nations Joint Fund (SDG Fund), proposes to create an environment to improve the management of financing for sustainable development in Ecuador and leverage both public and private resources for the SDGs. Specifically, the strengthened financial structure will be applied to one of the country's main health problems, chronic child malnutrition, to help improve its indicators with multiplier effects on the SDGs.