ObjectivesFund scope
As outlined in the Monterrey Consensus and Addis Ababa Action Agenda, the mandate of the United Nations includes financing the 2030 Agenda and developing policy and market innovations towards reaching the Global Goals. Although the United Nations already plays a leading role in accelerating financing gains, efforts need to be scaled-up if we hope to hit all Sustainable Development Goal (SDG) targets by 2030.
To secure growth that is inclusive, balanced, and sustainable the global financial system needs to be reformed so it can efficiently channel private and public resources. The 2030 Agenda Financing Strategy Trust Fund supports stakeholders in making policy, cooperation, and market changes at domestic and international levels. Action that leads to:
- Boosting domestic public and private savings (making them the most important sources of financing for the 2030 Agenda in the majority of countries).
- Generating broader international financing options and providing countries with alternative pathways for 2030 Agenda and Paris Agreement achievements.
- Aligning national financial systems with the 2030 Agenda and article 2.1.(c) of the Paris Agreement.
- Aligning international economic and financial policies with the above three priorities and 2030 Agenda.
- Benefitting from financial shifts that meet the 2030 Agenda aims and are in line with article 2.1.(c) of the Paris Agreement.
The Trust Fund builds on the broad and substantial body of financing work of the United Nations. Partners build on this work to accelerate progress in areas where the United Nations Secretary-General is making a difference in promoting action towards realizing the 2030 Agenda for Sustainable Development and Paris Agreement on Climate Change.
Theory of change and strategic framework
Should international and country-level financial and economic policy procedures and systems be better aligned to the 2030 Agenda a number of strategic financing initiatives will result that convene a large number of “change-makers” and an new narrative on financing for the 2030 Agenda. This shift will accelerate global sustainable finance reforms and help stakeholders effectively harness the power of innovative financing systems to drive programmes that hit 2030 Agenda and Paris Agreement on Climate Change targets.
To address ongoing challenges, the 2030 Agenda Financing Strategy Trust Fund promotes seven spheres of action:
- Strong narratives for ‘fair globalization’ that identify practical links between financial and economic policy-making and architecture.
- Creating conditions to support the mobilization and effective use of new avenues of finance.
- Improvements to existing financial and economic policy-making and architecture.
- Growing innovations that support financial flows.
- Using the power of digitalization to better mobilize and align financing.
- Aligning major investment initiatives.
- Ending illicit financial flows brought about by weak tax cooperation and other governance shortfalls in the international financial system.
The Trust Fund supports action that builds bridges in raising awareness and encouraging the adoption of United Nations-brokered norms, de-risking and increasing returns to financing in central areas of work (like peace and security, humanitarian action, and sustainable development cooperation), and boosting engagement on a range of financing activities at country, regional, and international levels.