Photo: UNDP/Michael Atwood
Photo: UNDP Barbados and the Eastern Caribbean
Photo: UNDP Mauritius and Seychelles
Photo: UNDP Mauritius and Seychelles
Photo: UNDP Zimbabwe
Photo: UNDP
Photo: UNDP/Karin Schermbrucker
Photo: UNDP Moldova/Dorin Goian
Photo: UNDP Kazakhstan/Yegor Goncharov
Photo: UNDP
Photo: UNDP Mauritius and Seychelles/Stephane Bellerose
Photo: UNDP Uruguay
Photo: UNDP Syria/Abdalmalek Alabdalaa
Photo: UNDP/Zaimis Olmos
Photo: UNDP
such as the G20 Sustainable Finance Working Group, the Financial Centres for Sustainability (FC4S), and the Sustainable Insurance Forum, we have been engaging range of actors to find workable solutions for countries to finance their sustainability targets. FFD4 is an opportunity to bring our partnerships to the next level, in order to advance joint initiatives that put the $450 trillion in global capital to work for people and our planet.
UNDP is playing a critical role in bringing together Member States, investors, international financial institutions, national development banks, development agencies and philanthropies. The Sevilla Platform for Action will be a catalyst, mobilizing partnerships to implement high-impact initiatives that address shared challenges.
comes at a critical moment in history. As developing economies forge their sustainable development pathways, UNDP is supporting their efforts to mobilize the needed capital. Our experts in national financing frameworks, public finance reform, private financing, insurance and risk finance are not only providing technical support, but assembling the right partnerships to close countries’ SDG financing gaps. AT FFD4, these partners are gathering with a common goal: building a financial architecture that serves us all.
UNDP also works with countries to create enabling environments for investment through public finance reform and strengthening their private sectors – enhancing their ability to mobilize domestic and foreign investment.
UNDP is advancing this approach to reducing investment risk by working with insurance markets to build financial resilience in agriculture and among small and medium-sized businesses. The Africa Minigrids Program aims to connect 33 million people across sub-Saharan Africa with electricity by improving the financial viability of solar minigrids.
Leveraging finance from national and international instruments, UNDP’s Platform for Investment Support and Technical Assistance (PISTA) promotes projects that help developing countries decarbonize and transition to climate-resilient economies. Established with support from the Government of Italy, PISTA’s interventions include building capacity in policy and regulation, and reducing investment risks, helping SDG-aligned projects to attract private capital.
In collaboration with the Government of Nigeria and the European Union, UNDP facilitated investments totalling $15 million for three SDG-focused small businesses in Nigeria.
And our timbuktoo initiative is bringing together governments, investors, companies, and universities across the continentto spark a pan-African start-up revolution.
Government of
Nigeria
European Union
Through its Climate Promise, UNDP works with countries to develop carbon pricing instruments. Through our “Equanomics” initiative, we work to dismantle economic structures that perpetuate gender inequality.
UNDP helps countries align their fiscal resources strategically for sustainable and inclusive growth. We have partnered with national governments in nearly 100 countries to put sustainable development at the centre of public finance – mobilizing resources for national priorities including climate action, gender equality, health and education. This support has led to more than $2 billion in additional tax revenue collected and $30 billion in bond issuances linked to sustainability targets.
and more than 50 are implementing financing policy reforms shaped by their INFFs. Analysis of reforms implemented by 17 of these countries finds that they have leveraged $16 billion in new finance for sustainable development, with a potential of more than $32 billion aligned with the SDGs.
To date, 86 countries are using the INFF approach,
But because it is classified as a high-income country, Seychelles does not qualify for development assistance, and borrowing to diversify its economy is expensive. The INFF process included an SDG Investor Map, which identified opportunities to mobilize private capital.
A Development Finance Assessment analysed the country’s financing landscape and readiness to take advantage of emerging financing opportunities.
of how countries are using INFFs to turn their development challenges into opportunities. Like other Small Island Developing States, Seychelles is highly vulnerable to the impacts of climate change.
INFFs enable countries to strengthen financial planning and strategies for mobilizing both public and private finance. These frameworks are part of many countries’ strategies for upholding their climate commitments and moving from crisis and fragility to peace and long-term stability.
At governments’ request, UNDP helps countries develop INFFs to transform their financing systems, tapping into public and private capital from domestic and international sources to accelerate progress toward the SDGs.
UNDP is supporting countries through its work across the public and private sectors, with a range of partners.
This translates into more than $870 billion in financing for development.
With a presence in over 170 countries and territories, UNDP is putting finance to work for development:
UNDP promoted nearly $60 in public and private investments aligned with the SDGs. For every $1 of funding received between 2022 and 2024,
are playing a catalytic role by bringing decision makers together to find solutions that work for countries as well as investors.
for global partners to come together in a joint effort to build a sustainable financial architecture that delivers on the SDGs, climate and biodiversity commitments.
(FFD4), taking place from 30 June to 3 July in Sevilla, Spain. The event brings together governments, development and finance institutions, business and civil society – all focused on financial reforms to mobilize capital for the SDGs, climate and biodiversity targets without contributing to higher debt.
By investing less than 1% of this amount each year, we can end extreme poverty in this generation and protect the environment so it can support the health and prosperity of future generations. Meeting the SDGs is not a question of availability of capital, but of aligning it with countries’ sustainable development targets.
This may seem like a large sum, but it is a drop in the bucket compared to the abundance the world holds.
committed to achieving the 17 Goals by 2030, but currently there is a US$4.3 trillion annual financing gap to meet the SDGs.
we have the resources to transform the world into one where everyone has a safe place to live, enough to eat and sense of security. This is the vision laid out in the Sustainable Development Goals (SDGs) that world leaders adopted in 2015.
Four ways UNDP is helping to finance the Sustainable Development Goals