Reshaping market conditions and strategy to finance the transition to sustainable development in Uruguay
Uruguay has recently put in place a number of sectoral and intersectoral strategies that contribute towards SDG implementation, although an official planning framework linking to the SDGs is yet to be developed. The main goal of the Joint Programme is to create an ecosystem that allows the private, public and international cooperation sectors finance and implement together transformative strategies for SDG acceleration. To achieve this, the programme will work on four key interlinked areas, each one contributing to the development of an Integrated National Financing Framework that helps organize the actors, capacities and governance of a development financing ecosystem.
The four interlinked areas to ensure the objectives of the programme are: (i) awareness raising and capacity building essential to shifting perceptions; (ii) creation of the dialogue spaces to enable a shift in culture, attitudes and the collaborative definition of Uruguay’s sustainable development agenda; (iii) development and testing of investment vehicles that address the financing needs, levels of risk, size and investment periods of both investors and projects alike; and (iv) developing and agreeing on a common reporting and accounting framework and data management protocols adapted to internationally approved standards, for the monitoring, and reporting of impact and progress towards the SDGs in Uruguay that will enable evidence- based policy making and investment allocation.
UNDP, UNICEF, UN-Women, WHO/PAHO, IOM
Presidency of the Republic, Central Bank of Uruguay, Ministry of Foreign Affairs