Nur-Sultan, 30 October 2019 – A seminar on Rapid Integrated Assessment (RIA) of the national budget and Development Finance Assessment (DFA) in Kazakhstan was held today with participation of the United Nations Development Programme (UNDP), Asian Development Bank (ADB), Delegation of the European Union, Ministry of National Economy and Ministry of Finance of Kazakhstan.
The main objectives of the event were to officially launch the RIA and DFA multi-stakeholder process in Kazakhstan, explain the methodology, along with data requirements and timeline, raise awareness of the scope, purpose an added value of both processes for the Government of Kazakhstan and identify multi-stakeholder oversight team, which will revise future drafts, facilitate access to data and take ownership of the process outcomes.
"Financing for development is an important element of the SDG implementation that UNDP has expertise in. The latest UN report on Financing for Development shows that interest in sustainable investment has been growing but not yet materializing at the scale required and at places where it is needed. In an upper-middle income country like Kazakhstan, the bulk of the resources for financing sustainable development and the SDGs come from domestic sources – especially from the state budget. Thus, financing SDG achievement is very much about bringing the SDGs into public finance management. This can be done by clarifying the linkages between the state budget and SDGs and improving the efficiency with which public resources are used to finance development projects", - said Yakup Beris, Resident Representative of UNDP in Kazakhstan. See the full statement here.
On 16 July 2019, Kazakhstan presented its first Voluntary National Review (VNR) at the High-Level Political Forum in New York, showing its commitment to the 2030 Agenda on Sustainable Development and stating even more ambitious goals towards achieving the SDGs. Countries face several challenges in mobilizing the scale of public and private resources required while maximizing their impact on social, environmental and economic dimensions of the 2030 Agenda. These range from managing complex financing instruments, to designing and implementing effective policies, and collaborating with a diverse range of actors.
In this context, ADB and UNDP are joining forces to perform a Rapid Integrated Assessment (RIA) of the national budget; and a Development Finance Assessment (DFA) in Kazakhstan of the first 2 out of 5 dimensions of the DFA analytical framework. The RIA suggests clear steps and tools for policymakers to earmark finance to SDGs, both at the national and subnational level and assess the extent to which public expenditure aligns with national development plans and SDG targets. The DFA offers support for governments and their partners in identifying and building consensus around solutions to address financing challenges.
Both tools follow a process of a multi-stakeholder consultation informed by accessible analysis on finance policy issues and what they mean for a wide range of actors. They should lead to concrete, actionable recommendations to support progress across a range of areas. They aim at strengthening the Government of Kazakhstan’s abilities to link the SDGs to its public finance; explore the role of the Kazakh business sector and civil society in SDG finance; and identify new ways Kazakhstan can mobilize and measure the impact of its investments in terms of SDGs implementation.