Turkmenistan and UN discuss financing of SDGs
The seventh meeting of the joint expert group of the Government of Turkmenistan and the UN on financing the SDGs was held. The members of the group reviewed the progress made in the implementation of Integrated National SDG Financing Mechanisms in Turkmenistan and identified a plan for further actions, taking into account the results of the assessment of development financing in the country.
During the meeting, a step-by-step guide on the development of financial strategies for Integrated National Financing Mechanisms and possible accelerators for achieving the SDGs were presented.
The experts suggested inviting the Union of Industrialists and Entrepreneurs of Turkmenistan, as well as the State Development Bank to join the group, emphasizing the importance of involving a wider range of stakeholders in supporting the financing of the SDGs in the country.
Integrated national financing mechanisms are developed and implemented through four building blocks: assessment and diagnosis, financing strategy, monitoring and review, management and coordination. Integrated national financing mechanisms allow countries to monitor resources more accurately and comprehensively and direct financial flows to areas where they are most needed.
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