Pakistan affirmed its commitment to the 2030 Agenda for Sustainable Development in 2015 by adopting the SDGs as its own national development agenda. It is also committed to build a conducive national ecosystem for SDG investments, and to mobilize a significant amount of climate financing through innovative and blended capital approaches.
Pakistan’s financing gap for the SDGs has been estimated by the IMF at $16.1 percent of GDP ($3.72 billion) in 2030 from the private and public sector combined, while financing climate action - including mitigation and adaptation measures - requires large additional investments. The Government in its updated Nationally Determined Contributions estimates that $7 billion to $14 billion must be raised for climate adaptation in the country. These large needs, along with Pakistan’s macroeconomic and climate vulnerability, underscore the importance of adopting an effective integrated financing approach to facilitate its macroeconomic recovery and achieve medium-to-long term national sustainable development objectives.
To support the Government of Pakistan and key stakeholders in developing a coherent approach to financing national priorities and the SDGs, UNDP and ESCAP propose to implement a Public Finance Management workshop through UNDP’s SDG Investment & Climate Financing Facility, SDG Finance Academy, and the INFF Facility, leveraging their ongoing initiatives on financing for development and partnerships with the Pakistan government at the national and sub-national levels.
Objectives of the Workshop
The proposed training workshop will aim to:
- Build a shared understanding among federal and provincial government officials on national development plans and aligned financing plans and the what-why-how of the Integrated National Financing Framework (INFF), with particular focus of its added value to Pakistan;
- Strengthen the knowledge of federal and provincial government officials and other stakeholders with regards to fostering the implementation of national priorities and policy coherence by anchoring the SDGs/NDC’s in national budgets and Public Financial Management systems;
- Identify key next steps, actions and support.