Joint Expert Group on financing for SDGs agrees on a roadmap towards establishment of the national integrated financing framework

The JEG members representing the UN Country Team, the Ministry of Finance and Economy, the Ministry of Foreign Affairs, the Ministry of Labor and Social Protection of the Population, the Ministry of Trade and Foreign Economic Relations of Turkmenistan, the State Committee on Statistics, the Central Bank and the State Bank for Foreign Economic Affairs of Turkmenistan agreed on the main goals and objectives of the Group and discussed approaches to promote SDG financing through various activities under the integrated financing framework mechanism.

“The establishment of the Joint Expert Group on financing the SDGs in Turkmenistan today is another proof of Turkmenistan's readiness to fulfil its commitments under Addis Ababa Action Agenda and support global initiatives in the area of financing for SDGs at the national level. As expected, the work of this group will support the national efforts to implement the 2030 Agenda for Sustainable Development in Turkmenistan”, noted Ms. Natia Natsvlishvili, UN Resident Coordinator a.i. and UNDP Resident Representative a.i. in Turkmenistan.

Implementation of the Integrated National Financing Framework (INFF) will contribute to the development of such strategic priorities of Turkmenistan as the development of the financial planning and budgeting, improvement of the investment climate and business environment, development of capital markets and the introduction of innovative financial instruments.

The main objectives of JEG on SDG financing:

1. Study of the INFF approach to financing for development, in particular, the implementation of the 2030 Agenda in Turkmenistan.
2. Study principles and theoretical foundations of the INFF concept, the use of assessment tools such as Development Finance Assessment (DFA).
3. Learn the experience of other countries on various forms and approaches to financing the SDGs, including those that implement the INFF approach;
4. To facilitate a series of continuing education activities for national experts;
5. To develop the strategy of the INFF implementation in Turkmenistan, including the development of Roadmap, support to the INFF inception phase, provide technical guidance, develop and provide practical policy proposal and recommendations.