Cuba faces severe limitations on access to financial resources for the implementation of the 2030 Agenda as a result of its exclusion from key international financial markets and institutions. The development of an INFF will help the country evaluate the current financing architecture for the SDGs in Cuba, identify additional potential resources needed to accelerate their implementation, and design a policy framework for SDG financing, articulated and aligned with national sustainable development priorities and the Addis Ababa Action Agenda.
By developing an financing framework for the SDGs, aligned with the 2030 National Economic and Social Development Plan, the INFF will enable the country meet critical SDG targets by 2030. Progress towards domestic resource mobilisation, diversifying financial resources from multiple sources, debt sustainability, investment promotion, policy coherence, and statistical capacities will advance the 2030 Agenda in the country. The INFF will establish strengthened mechanisms for reviewing and monitoring the impact of SDG financing and institutional capacities, as well as improved mechanisms for governance and coordination of SDG financing policies.
For more details, visit the Joint SDG Fund website.