To address misalignment between the national development plan and the national budget, Benin will develop a country-specific INFF. Building on the development finance assessment (DFA) conducted in 2018, the INFF will cover analysis and solutions in planning, budgeting, and monitoring of public and private investments to increase the efficiency and effectiveness of public expenditures and widen the fiscal space. Ultimately, the INFF will create a space for partnership and dialogue to increase resource mobilisation.
The implementation of the INFF will be placed under the Steering Committee of the national mechanism for the implementation, monitoring and evaluation of the Growth and Sustainable Development Program under the National Development Plan. The INFF process will facilitate technical assistance, capacity development, and systems strengthening to stakeholders within national planning, programming, and budgeting processes. As a result, the INFF will help Benin to not only mobilise more resources but align the way the money is invested and spent with national development priorities and the SDGs.
For more details, visit the Joint SDG Fund website.