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Santo Domingo. – Identifying financing options to meet the Sustainable Development Goals (SDGs) and for countries to achieve the expected results in each of the goals of the 2030 Agenda was the main debate during the panel entitled "Instruments on financing for partnerships developed by the United Nations System”.
The event was held within the framework of the "Alejandro E. Grullón E." Sustainability Chair, organized by the Popular Foundation and the Pontificia Universidad Católica Madre y Maestra (PUCMM), through its Technology and Permanent Education unit (TEP ), within the framework of the specialized course on Public-Private Partnerships for Sustainable Development in the Dominican Republic.
The panel was headed by Inka Mattila, resident representative of the United Nations Development Program (UNDP) in the Dominican Republic; Mildred Samboy, from the office of the United Nations Resident Coordinator in the Dominican Republic, María Laura Tinelli, UNDP Advisor on Impact Investing Markets and Leader of Commitment Latin America, moderated by Víctor Rodríguez, private sector specialist from the UNDP.
"Complying with the sustainable development goals requires a joint effort inside, outside and between countries, which implies collaboration, innovation and of course: financing", highlighted Inka Mattila, extending a greeting from the UN Resident Coordinator in the country and affirming the commitment of the entire United Nations system to support the financing of the SDGs.
She added that “This issue is one of the main challenges for countries to achieve the expected goals in each of the objectives of the 2030 Agenda and the arrival of the COVID-19 pandemic has posed new challenges on this path. However, it has made the need to continue advancing towards these objectives even more pressing, and reinforced the need to activate the capacities of all sectors of society, to work together on innovative solutions to development challenges, and to promote a socio-economic recovery. timely.
In the case of the Dom. Rep., progress has been made in defining and specifying the “what”. The United Nations System has developed a variety of tools and methodologies for landing the SDGs, such as the Mainstreaming, Acceleration and Policy Advisory missions (MAPS), the Rapid Integrated Analysis (RIA, by its acronym in English), the Combos methodology (UNDP), which have been applied in different countries.
However, the challenge at this time is to move quickly in defining a roadmap for a comprehensive financing framework, including understanding the use of existing resources, how to explore new financing opportunities.
“From the United Nations system there is a commitment to maximize the potential of the tools at our disposal and guarantee that they can be a force to promote the achievement of the Sustainable Development Goals, combining them with solid policies that empower citizens and allow financial systems face the investment challenges that we must overcome” added Mattila.
During the presentations, among the emerging instruments to finance the 2030 Agenda were cited: green and blue bonds, debt-for-nature swaps, sustainable investment, carbon financing, payments for ecosystem services, sovereign insurance groups, among others such as the SDG Impact , a UNDP initiative that offers investors expert, personalized and practical support to help them channel private investment and capital to achieve the vision of the SDGs.
Part of the conclusions indicate that financing the 2030 Agenda, at the national level, requires integrated and coordinated actions and focused on the optimization of available resources, the identification of financing gaps and the mobilization of the necessary resources from the different sectors.
The words of welcome were given by Elías Dinzey, manager of the Popular Foundation. The question and answer session was led by Víctor Rodríguez, private sector specialist, UNDP in the Dominican Republic, and closing remarks were given by Rafael Berigüete, academic coordinator of the Specialized Course on Public-Private Partnerships for Sustainable Development.