In Burkina Faso the challenges of achieving the SDGs are immense. According to the latest UNDP Global Report (2019), Burkina Faso is ranked 182nd out of 189 countries on the Human Development Index. A key constraint to development is the low level of national resources available to finance the SDGs. Estimates of SDG financing needs are not currently available; however, projections for funding the National Economic and Social Development Plan suggest that these needs are considerable.
The implementation of an INFF in Burkina Faso will address many of these challenges, particularly those related to gender-sensitive budgeting in policy formulation and development programmes. In 2020, only 18 out of 32 ministerial departments attempted to embed gender considerations and children’s rights within their budgeting processes. The INFF will ensure mainstreaming and consistency of gender-sensitive budgeting across national ministries through planning processes and funding systems that are more inclusive of non-state actors, such as the private sector, NGOs, women’s organisations and other development partners.
The INFF will help define a strategy to mobilise all internal and external financing sources, both public and private, by integrating them into a coherent framework. This will entail an assessment and diagnosis of funding needs, risks, policy constraints, effective integration of sources of financing (public, private, domestic, international) and the establishment of monitoring and accountability mechanisms with proper governance and coordination.