Asia Pacific

Maldives


SDG Finance - Component 1

Operationalizing Integrated National Financing Framework in the Maldives to prioritize and mobilize financing for Climate Action and Quality Social Service Delivery to accelerate the achievement of Agenda 2030

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 931634
Co-funding by UN agencies
SDG Finance - Component 1
US $ 540900
#IntegratedFinancing
#Climate
#ServiceDelivery
#GenderEquality

Brief Description

This Joint Programme contributes to the operationalizing of an Integrated National Financing Framework (INFF) process in the Maldives. Complementing the ongoing Development Finance Assessment (DFA), the JP will support financing needs assessments and costing exercises to estimate the SDG financing gap taking account the impact of the ongoing Covid-19 crisis on the Maldives SDGs. It will also consolidate the existing institutional arrangements into a full-fledged, gender balanced INFF Oversight Committee and provide capacity building support to the committee to strengthen the core functions and to improve its effectiveness.

Approach

The JP aims to anchor climate action and gender responsive and equity focused social sector service delivery at the heart of national financing agenda in order to address sustainability and leave no one behind elements of the Agenda 2030. In detail, the programme seeks to (a) strengthen the core system of governance of planning and financing and (b) to mobilize and improve the targeting of financing towards two long term development priorities that are (i) climate action and (ii) reforms required to deliver quality, equitable, gender responsive and sustainable social services. The overall goal is that the population benefits from increased climate resilience and quality social services.

Quick facts

Total budget:
US $ 1,472,534

UN Agencies:

UNDP, UNICEF, WHO, UNFPA


National Partners:

Ministry of Finance, Ministry of National Planning and Infrastructure, Ministry of Foreign Affairs, Policy Office of the President’s Office, Parliament’s Public Finance Committee, Auditor General’s Office, Maldives Monetary Authority, National Bureau of Statistics, Local Government Authority, Ministry of Economic Development, Ministry of Environment, Ministry of Health, Ministry of Education, Ministry of Higher Education, Ministry of Gender, Family Protection and Social Services, Maldives Pension Administration Office, Maldives Capital Market Development Authority, Maldives Fund Management Corporation


Duration:
Jul 2020 - Jun 2022