FfD Financing for Development 2022-2024
The United Nations (UN) estimate the financing gap for the Sustainable Development Goals (SDGs) at $2.5 trillion per year with an additional shortfall for 2020 of $1.7 trillion due to Covid-19. Financing for Development (FfD) is therefore a core issue for the UN. This credit proposal contributes to make the intergovernmental process of FfD more evidence-based, inclusive and participatory, with a focus on Switzerland’s priority themes: private sector engagement and multi-stakeholder partnerships.
Employment & economic development
Business support & economic inclusion
Public sector policy
The Addis Ababa Action Agenda (AAAA) is an integral part of the 2030 Agenda and is the framework on how to finance the SDGs. Before the Covid-19 crisis, the UN estimated the financing gap to achieve the SDGs at $2.5 trillion per year in developing countries alone. Now developing countries are facing a shortfall of USD 1.7 trillion in the financing they would need this year to keep them on track for the SDGs. The main body for the follow-up and review of the AAAA is the yearly ECOSOC FfD Forum that results in intergovernmentally agreed conclusions. The Group of Friends of Monterrey (FoM) is a more informal part of the follow-up mechanism, but equally important, because it constitutes an informal space for dialogue in order to advance important topics of FfD.
 OECD’s latest Global Outlook on Financing for Sustainable Development
The overall goal for the whole intervention (until 2030) as set out in the entry proposal is to give the FfD agenda a substantive push and contribute to the achievement of the SDGs by 2030. Switzerland will put a special focus on 2 priority themes: Private sector engagement, and multi-stakeholder partnerships
This credit proposal has 2 goals:
1. The global policy dialogue on FfD is enriched and evidence based by best practices from the field when engaging with the private sector. A particular focus will be put on how to “build forward better”.
The global policy dialogue is strengthened and more inclusive by the substantial contribution of different stakeholders
 This also includes GEWE (Gender Equality and Women Empowerment) in the whole recovery/build forward process, i.e. gender as a mainstreaming topic
 Including gender aspects
|Target groups||Civil society organisations, private sector representatives (incl. financial market actors), academia, member states and UN organisations|
Main outcome for goal 1:
Best practices and lessons learnt from SDC projects that engage with the private sector, particularly also on how to build forward better, are fed into the policy dialogue and follow-up process of FfD.
Main outcome for goal 2:
The FfD Forum and the FoM are more inclusive and participatory
 GZ, SZ und OZA in a first time, later also projects from SECO could be included
 This also includes a strong focus on social inclusion and gender equality
For goal 1: Best practices and lessons learnt from SDC private sector engagement projects, particularly also on how to build forward better, are identified and processed so that they are easily communicable
For goal 2: The FfD Forum and the FoM are shaped and organised in a manner that a wide variety of actors (civil society organisations, private sector, academia, LDCs) are systematically involved in the process and encouraged to actively participate
 These communication products will also be used by SDC for its own communication, i.e. it can be reused on social media
 Be it in a virtual, hybrid or physical format.
Results from previous phases: This is a first phase, however experience from small actions funded so far have been positive: the Group of Friends of Monterrey (FoM) meetings are important to build trust amongst delegations before the FfD negotiations. The LCD participation at the FfD Forum is crucial to give developing countries a voice.
|Directorate/federal office responsible||
|Coordination with other projects and actors||Building Bridges Week; Different EPS projects from GC and SC; UNCDF.|
|Budget||Current phase Swiss budget CHF 510’000 Swiss disbursement to date CHF 0|