Latin America and the Caribbean

Cuba


SDG Finance - Component 1

Support for the Development of an Integrated National Financing Framework for the SDGs in Cuba

Sustainable Development Goals
Total funding allocated
SDG Finance - Component 1
US $ 800000
Co-funding by UN agencies
SDG Finance - Component 1
US $ 91860
#IntegratedFinancing
#ImpactMonitoring
#ResourceMobilization
#PolicyCoherence
#DebtSustainability

Brief Description

The country faces severe limitations on access to financial resources for the implementation of the Agenda 2030 as a result of its exclusion from key international financial markets and institutions. By contributing to the development of an Integrated National Financing Framework (INFF), the Joint Programme (JP) is expected to help the country evaluate the current financing architecture for the SDGs in Cuba, identify additional potential resources needed to accelerate their implementation, and design a policy framework for SDG financing, articulated and aligned with national sustainable development priorities and the Addis Ababa action areas to tackle the limitations.

Approach

By developing an integrated financing framework for the SDGs, aligned with the 2030 National Economic and Social Development Plan, the JP will enable the country meet critical SDG 17 targets by 2030 regarding domestic resource mobilisation, additional financial resources from multiple sources, debt sustainability, investment promotion, policy coherence, and statistical capacities to advance the 2030 Agenda in the country. There will be strengthened mechanisms for reviewing and monitoring the impact of SDG financing and institutional capacities, as well as improved mechanisms for governance and coordination of SDG financing policies.

Quick facts

Total budget:
US $891,860

UN Agencies:

Economic Commission for Latin America and the Caribbean, UNDP


National Partners:

Ministry of Economy and Planning


Duration:
Jun 2020 - Jun 2022

Financial Information