Kathmandu, Nepal – Nepal has taken a significant leap toward achieving sustainable and inclusive growth by validating its Integrated National Financing Framework (INFF) Financing Strategy. This landmark initiative brought together over 60 experts from various sectors, including government representatives, development partners, civil society leaders, and private sector stakeholders, to finalize a roadmap for smarter, greener, and fairer financing.
The INFF Financing Strategy is anchored on three transformative themes—pro-employment growth, climate resilience, and alignment with the Sustainable Development Goals (SDGs). It incorporates six strategic pillars aimed at catalyzing impactful development outcomes.
Key Highlights of the INFF Strategy:
Pro-Employment Focus: Emphasizing job creation to address unemployment challenges and foster equitable economic growth.
Climate Resilience: Preparing Nepal to adapt to the increasing threats of climate change while pursuing eco-friendly development.
SDG Alignment: Ensuring that all financing strategies are in sync with the global framework for sustainable development.
The framework’s validation signifies Nepal’s commitment to innovation in financial management, particularly for Least Developed Countries (LDCs) transitioning to middle-income status. UNDP has played a crucial role in supporting this effort, demonstrating the potential for Nepal to serve as a model for other countries in the region.
Strategic Pillars Unlock Opportunities:
The strategy prioritizes mobilizing domestic and international resources, encouraging private sector investments, and strengthening governance to ensure transparency and accountability. It also focuses on creating partnerships to harness innovative financing mechanisms, including green bonds and climate funds, to accelerate progress toward the SDGs.
Experts at the validation meeting applauded the INFF Financing Strategy as a pioneering effort that addresses Nepal’s unique challenges while positioning the country as a leader in sustainable financing in South Asia.
As Nepal progresses toward achieving its 2030 SDG targets and graduating from LDC status, the INFF Financing Strategy is expected to play a critical role in unlocking development opportunities and ensuring that no one is left behind.
