Joint resource mobilization to advance the SDGs
Mobilizing funding and financing for the SDGs
The Development Coordination Office (DCO)-hosted Joint SDG Fund has been instrumental in providing UN country teams with catalytic funding to enable integrated SDG programming and financing solutions.
Over $260 million in financial commitments
Since its establishment in 2019, the Joint SDG Fund has made over $260 million in financial commitments to 119 UN teams including in multi-country offices, involving 31 UN entities
Reached over 188 million people
The joint programmes on integrated social protection and SDG financing strategies supported by the Joint SDG Fund reached over 188 million people and supported Integrated National Financing Frameworks (INFFs) led by UNDP in 69 countries
Development Emergency modality
In 2022, the Joint SDG Fund developed a new Development Emergency modality, funding 85 UNCTs to support countries to address the global cost-of-living crisis, and dedicating $30 million for joint programmes to strengthen resilience in 42 Small Island Developing States (SIDS).
Every $1 invested in the Joint SDG Fund leverages $9.7
The Fund’s capitalization of $260 million has catalyzed additional investments of $2.3 billion over the years, primarily through new SDG bonds.
In Indonesia, two series of SDG bonds issued since 2021 have raised over $790M from global and local markets, the first enabling vaccinations of over 30 million children, scholarships for 11 million students and setting up of over 2,100 wireless communication systems in the remote areas of the country.
Green Financing Facility
In North Macedonia, the UNCT supported the establishment of a new blended finance mechanism, the Green Financing Facility, together with the Government, the European Bank for Reconstruction and Development (EBRD) and local private banks, mobilizing $46 million for renewable energy and energy efficiency solutions among small and medium size enterprises and underserved households.
Renewable energy fund
In Zimbabwe, under the RC leadership, the UNCT is launching a renewable energy fund with $10 million in financing from the Joint SDG Fund, matched by capital from a leading African investment management group to fund small renewable energy projects.
- The system-wide evaluation of the Joint SDG Fund highlighted that RCs play a strategic role in the programme design phase to unlock the resources of the Joint SDG Fund.
Resident Coordinators appreciate the value of the Joint SDG Fund in supporting their work.
Resident Coordinators, at times leveraging their humanitarian hat, also played a systematic role in leading UN submissions to access resources from other global pooled funds.
From the UN Central Emergency Response Fund (CERF), Resident Coordinators mobilized:
The RC obtained Peacebuilding Fund support for women’s and youth’s empowerment, promotion of social cohesion, reconciliation, and transitional justice
The RC helped to identify entry points for an immediate response by the Peacebuilding Fund to supports citizen participation in the June 2023 general elections
RCs also play an important role in establishing country-level SDG pooled funds to complement global pooled funds and incentivize integrated joint programming and implementation of Cooperation Framework priorities by UN teams.
- There are currently 28 country-level SDG pooled funds globally, 42% of them in Africa – 6 established in 2022.
In Uzbekistan, the RC supported the Swiss and Uzbekistan Governments in establishing a country-level SDG pooled fund to receive the restitution of assets forfeited in criminal proceedings, which has capitalized an initial $131 million so far.
In Uruguay, the RC facilitated a joint programme led by the UN Industrial Development Organization (UNIDO), with the UN Development Programme (UNDP) and the UN Entity for Gender Equality and the Empowerment of Women (UN Women), to establish a Renewable Energy Innovation Fund to support the country’s energy transition.