Developed by UNDP, development finance assessments (DFAs) are a tool to identify opportunities to mobilise additional sources of finance and use existing financial resources more efficiently to achieve the SDGs. DFAs offer support for governments and their partners in identifying and building consensus around solutions to address financing challenges.
The Indonesia DFA forms part of a project to assess the financing challenges and opportunities that ASEAN countries face and the policies and institutional frameworks that governments can use to address them in implementing the SDGs. It is one of ten country studies undertaken alongside an ASEAN regional report, in order to facilitate dialogue at the country and regional levels about financing the SDGs.
The assessment makes three recommendations to strengthen Indonesia’s overall integrated national financing framework (INFF), as well as its approach to private sector development and leaving no one behind. First, establish a long-term holistic financing strategy that provides a foundation for developing policies for specific flows and also provides clarity on the types and scale of investments needed for the desired sustainable development results. Second, establish a comprehensive, results-oriented monitoring and review framework that tracks efforts to mobilize the necessary financing, as well as the impact of such financing on development outcomes. And third, formalize a mechanism for systemic public–private dialogue on private sector development to further stimulate private investment that can fulfil its potential in contributing to national and sustainable development goals.
