## Integrated National Financing Frameworks in Africa ## Source details **Canonical URL:** [Integrated National Financing Frameworks in Africa](https://www.imf.org/-/media/files/news/seminars/2021/sdg-event/integrated-national-financing-frameworks-africa.pdf) ## Other formats - [Markdown version](/-/media/files/news/seminars/2021/sdg-event/integrated-national-financing-frameworks-africa.pdf.md) - [Structured JSON version](/-/media/files/news/seminars/2021/sdg-event/integrated-national-financing-frameworks-africa.pdf.json) --- ### Objective of an INFF - The objective of an INFF is to strengthen financing of national sustainable development priorities. - National sustainable development plan linked to policies governing each type of public & private finance. - Many plans are not costed. - Many plans do not have a strategy detailing how they will be financed. - Where there is a financing strategy, it often only considers public finance. *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Three levels of integration and common policy spectrum - Three levels of integration: - INTEGRATING PLANNING AND FINANCING POLICIES AND PROCESSES - INTEGRATING PUBLIC AND PRIVATE FINANCE (POLICIES, REGULATIONS, INSTITUTIONS) - INTEGRATION AND COLLABORATION ACROSS PARTNERS - Common policy spectrum (from public finance focus to private finance focus): - Government finance: - Revenue strategy - Annual / medium term budget - Public debt management - Public entity management - Development cooperation - Private participation in public investments: - Public-private partnerships - Blended finance - Thematic bonds - Markets that work for the SDGs: - Private investment - Financial sector - FDI, portfolio investment - Illicit finance - Engaging non-commercial private finance: - NGOs, FBOs - Foundations - Diaspora and remittances *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Relationship to the Addis Ababa Action Agenda and the Financing for Sustainable Development Report 2019 - Thematic chapter on INFFs states: “cohesive, nationally owned sustainable development strategies, supported by integrated national financing frameworks, will be at the heart of our efforts” *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### INFFs in Africa — coverage and classification - INFF countries listed: Benin; Botswana; Burundi; Cameroon; Comoros; Democratic Republic of the Congo; Djibouti; Egypt; Eswatini; Gabon; Guinea; Lesotho; Madagascar; Malawi; Mali; Morocco; Mozambique; Sierra Leone; South Sudan; Tanzania; Togo; Tunisia; Zambia. - INFF pioneers listed: Burkina Faso; Cabo Verde; Côte d'Ivoire; Ghana; Kenya; Namibia; Nigeria; Rwanda; Senegal; Uganda. *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### INFF process: stages and key activities - INFF and scoping: - Agree purpose, scope, added value of INFF - Agree INFF oversight structures, housing of Financing dialogues - Agree focus of inception phase assessment - INFF inception phase: - Financing flows analysis and report - Financing Dialogues - INFF Roadmap discussed and agreed - Financing strategy and other building blocks: - Financing strategy articulated and agreed - Monitoring and review frameworks brought together - Governance and coordination systems adapted - Further assessments undertaken (digital, risk, etc) - INFF operational: - Implement financing strategy to support delivery of National Development Plan - Deliver reforms prioritised in financing strategy (SDG Budgeting; Debt Instruments; Tax reforms; Investment strategy, etc) - Ongoing monitoring - Adapt and adjust financing strategy within national policy cycles *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Reported outcomes and added value from INFF processes (country-reported) - New financing strategy: 12 countries - Strengthening financing strategy: 10 countries - Plan will be costed for the first time: 10 countries - More integrated or holistic: 1 (implicit from chart labeling) - More coherent: 1 (implicit from chart labeling) - Wider ownership of financing strategies: (chart labels indicate counts) - FINANCING STRATEGIES: ADDED-VALUE RELATED TO PLANS — counts shown: 3, 5, 11, 1, 2, 0, 2, 4, 6, 8, 10, 12 (as presented) *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Thematic focus of financing strategies and areas covered - Financing strategies cover: - Public finance, 24 - Public-private finance, 23 - Private finance, 24 - Tax and revenue policy, 8 - Budgeting, 10 - Public entities, 1 - Development cooperation, 5 - Public-private partnerships, 10 - Remittances / diaspora investment, 6 - Digitisation, 7 - Financial sector, 9 - Access to finance / SME financing, 5 - Foreign direct investment, 5 - Fintech, 3 - Philanthropic funding, 1 - Other, 1 - Thematic focus (proportion of countries) includes: - Gender equality - Climate, energy - Social protection - Health - Education - Water and sanitation - Agriculture - Infrastructure - Others - (Proportions presented as a 0%–75% bar chart in source) *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Reforms: policies, regulations, instruments, institutional capacity - Reforms addressed within INFFs include policy, regulatory, instrumental, and institutional capacity changes across the thematic areas listed above. *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Financing strategy examples (country summaries) - TANZANIA: - Integrated National Financing Strategy for the third Five-Year Development Plan - More holistic approach to financing, including introduction of innovative financing in tax, public-private mechanisms - Capacity building for green financing - GHANA: - Bottom-up approach to financing strategy - Five district-level Integrated Assembly Financing Frameworks - Connected to national Ghana CARES recovery plan - Introduction of a range of financing innovations - NIGERIA: - Financing strategy under development - Informed by new DFA process - Focus on mobilising private investment in renewable energy, climate finance, water and sanitation, as well as remittances/diaspora investment - NAMIBIA: - NDP 6 Financing Strategy - Financing strategy informed by costings and DFA exercise - Linked with NDC Agenda and financing framework - Chapter on Digital Finance *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Formalisation, governance, and coordination of INFFs - Formalisation status: - Formalised or being formalised, 76% - Under discussion, 24% - INFF oversight committees: - Among those formalised and being formalised: - 53%: Embedded within an existing mechanism - 37%: New mechanism created - 10%: Under discussion - Oversight committee chairs (proportion of countries): - Ministry of Finance (incl. as co-chair) - Ministry of Planning - Ministry of Economy - Other - (Proportions presented in a 0%–80% bar chart in source) *Source: Integrated National Financing Frameworks in Africa (presentation content).* ### Knowledge platform and contact - INFF knowledge platform: www.inff.org - Social: @INFFplatform --- _Source: https://www.imf.org/-/media/files/news/seminars/2021/sdg-event/integrated-national-financing-frameworks-africa.pdf_