LocationsINFF is a Joint Programme (JP) to support the Government of Timor-Leste to align, identify, and leverage additional finance for its sustainable development objectives.
Integrated National Financing Framework (INFF) and Financial Diversification in Timor-Leste
Summary
INFF is a Joint Programme (JP) to support the Government of Timor-Leste to align, identify, and leverage additional finance for its sustainable development objectives. It seeks to achieve this through growing the fiscal space, increasing the domestic and international private and public sector investments, and increasing the planning and budgeting aligned with the SDGs and the national Sustainable Development Plan. INFF will also help improve the governance and coordination, articulate a financing strategy, and strengthen the monitoring and oversight framework. This will create the systematic change needed to support the mobilization of additional financial resources.
Salt farm in Tibar
Background
The current development finance landscape in Timor-Leste is dominated by domestic public financing via petroleum and gas revenues. Substantial fiscal and economic reforms are urgently needed to slow down the rapid depletion of the Petroleum Fund. Although many reforms are currently being undertaken, many are on a sectoral and piecemeal basis. Integrated National Financing Framework and Financial Diversification in Timor-Leste offers the opportunity to bring all these pieces together and establish a strategic framework that would outline policy options across different SDG related areas.
In 2019, Timor-Leste expressed its commitment during the UN General Assembly to become one of the 15 pioneer countries to establish and implement an Integrated National Financing Framework (INFF).
Under the overall integrated financing framework, financing reforms in health, diaspora, and climate financing will be developed. These three areas will channel SDG investments into three development pillars of People (health), Planet (climate), and Prosperity (diaspora). In addition to developing the overall INFF framework, UNDP will be developing climate financing.
Major
Achievements
- Increased public investments mobilized within SDG-aligned programs
- A solid multi-sectoral governance and coordination structures to implement the INFF is established, including an INFF Oversight Secretariat
- An integrated financing strategy will be articulated bringing together the policies, instruments and partnerships used to govern public and private finance
- An INFF Roadmap will be articulated to prioritize the subsequent steps to be taken, including priority financing reforms
- Climate finance capacity assessment, budget review, and road map is prepared
- Scalable sectoral climate financing mechanisms to channel investments into sectoral development plans are developed
- Innovative and scalable climate financing programs developed and climate change project piloted to leverage public and private sector resources into SDG implementation
Project Outcome
The Project aims to:
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Project Details
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