CDIA Shares Insights on Localizing Finances
October 30, 2017
In order to feature the implementation experiences of the SDGs (Sustainable Development Goals) from selected projects worldwide, GIZ headquarters hosted the conference titled, “2030 Agenda – From Theory to Practice” from 26-27 of October, in Eschborn, Germany.
SDG finance is crucial to realize the 17 goals of the 2030 Agenda. The Addis Ababa Action Agenda (AAAA) underlines the need to implement integrated national funding strategies to implement the SDGs. Additional funds need to be mobilized, but financial flows are also to be diverted, or that cash outflows need to be made more efficient. State ownership, international and national private investment and international cooperation do not flow independently, but show interfaces and interactions.
During the workshop, “Let’s tear down the silos! Why we need an integrated approach to financing the 2030 Agenda,” CDIA’s Program Coordinator Eva Ringhof shared CDIA’s efforts in closing the infrastructure financing gap by mobilizing different financial resources; and closing the capacity gap by supporting organizational learning in and between local governments. The participants highlighted the relevance of involving the private sector, developing financial systems and innovative approaches, making use of a mix of funding resources, and relieving the household budget of local and national governments.