What is the program about?
The Joint Program Roadmap for an Integrated National Financing Framework in Colombia (INFF) is a medium-term strategy focused on accelerating the implementation of the Sustainable Development Goals. (ODS) in Colombia.
The project aims to support national and local authorities in strengthening their capacities to monitor the financing of the Sustainable Development Goals, the identification of financing gaps, and the implementation of a financing strategy.
INFF focuses on two interconnected outcomes:
- The availability of a credible analytical framework for financing the SDG targets in Colombia , which will diversify financing mechanisms and increase awareness of the need to mobilize additional resources through public, private, national and international sources.
- Offer a national financing strategy for the SDGs , in order to improve coherence of financing for the SDGs and provide a roadmap for integrated financing solutions.
Gender equality and the empowerment of women, and the protection of children and adolescents in Colombia are priority aspects of the INFF project.
Lines of action
- Mapping and evaluation of the financial architecture of the Sustainable Development Goals.
- Identification of financing flows for the Sustainable Development Goals.
- Definition of investment priorities for Sustainable Development Goals with a gender equity approach.
- Implementation of a national financing strategy for the Sustainable Development Goals.
- Generation of a monitoring platform for the financing of the Sustainable Development Goals.
What are the challenges?
During the conception of the National Development Plan 2018 - 2022 (Pact for Colombia, Pact for Equity), the Colombian government fully aligned the national goals with the SDG agenda. 98.2% of the national targets have a direct or indirect connection with the targets of the SDGs.
Although the government has made a great effort to implement the SDGs, there are still several challenges for a more effective implementation.
By 2020, Colombia was ranked 67th out of 166 countries in the global performance index for implementation of the 2030 Agenda and the SDGs (SDR, 2020).
The main challenge is to more efficiently integrate the allocation and budget systems for the acceleration of the SDGs at the national and territorial level, with a greater integration of private funds and international financial flows to national priorities.
What are the results?
The project has two expected results:
- The project stakeholders are clear about the financial flows of the Sustainable Development Goals in Colombia (private, public, national and international), which leads them to consider the implications of the SDGs when making decisions related to allocation public resources and incentives for private actors.
- Launch of a national SDG financing strategy, used by stakeholders.
What SDG does it respond to?
With the National Integrated Financing Framework for the SDGs, it will be possible to determine the financing of the 17 Sustainable Development Goals and their 169 targets in Colombia.
- SDG 1 - End poverty
- SDG 2 - Zero hunger
- SDG 3 - Health and well-being
- SDG 4 - Quality education
- SDG 5 - Gender equality
- SDG 6 - Clean water and sanitation
- SDG 7 - Affordable and clean energy
- SDG 8 - Decent work and economic growth
- SDG 9 - Industry, innovation and infrastructure
- SDG 10 - Reduction of inequalities
- SDG 11 - Sustainable Cities and Communities
- SDG 12 - Responsible Consumption and Production
- SDG 13 - Climate Action
- SDG 14 - Underwater life
- SDG 15 - Life of terrestrial ecosystems
- SDG 16 - Peace, justice and strong institutions
- SDG 17 - Partnership to achieve the Goals
UN System: UNDP, UN Women, UNICEF.
National Authorities: National Planning Department (DNP), Ministry of Finance and Public Credit, Presidential Agency for International Cooperation, Presidential Council for Women's Equality, Presidential Council for Children and Adolescents, Bancóldex, DANE, Department for Prosperity Social.
International financial institutions: World Bank.
Other partners: European Union, Secretary of State for the Economy (SECO), Swedish International Cooperation Agency, Spanish Agency for International Development Cooperation (AECID).