#1INFF Integrated National Financing Frameworks LDC5 SIDE EVENT: UNLOCKING SDG FINANCE THROUGH INFFS Unleashing domestic resources mobilization potential to finance the national plan (Djibouti ICI)#2Djibouti's integrated national financing framework $14bn COST OF 2020-2024 NDP ● • Process started in October 2021 Led by the Ministry of Finance Inclusive and participatory: government, civil society, private sector, development partners Main development partners: UNDP and UNICEF (EU, World Bank consulted) Aligned with National Development Plan (Djibouti ICI) ☐ Strong national ownership of the INFF#3Using the INFF to overcome specific challenges The Government of Djibouti is using the INFF to mobilize domestic resources especially through taxation The Government of Djibouti will reform tax system to mobilize additional funding for SDGS 11.3% TAX REVENUE-TO-GDP 90% TAX EXPENDITURES-TO-TAX REVENUE#4... and to deploy innovative solutions SDG Investor Map (finalized and match making event held in Istanbul January 2023) to attract private finance Green Bonds (feasibility study will start soon) to mobilize both domestic resources (from liquid local banking sector) and international fund • Tax for SDGs initiative (already started) to reform tax system 21 INVESTMENT OPPORTUNITY AREAS identified for private investment in key SDG priority sectors 8 INDUSTRY, INNOVATION DECENT WORK AND AND INFRASTRUCTURE SUSTAINABLE CITIES ECONOMIC GROWTH AND COMMUNITIES#5Opportunities for collaboration and partnerships Collaboration around the establishment of a bonds market for Djibouti (Islamic bonds Sukuk and conventional bonds) Partnership to enhance the international collaboration to end tax avoidance • Need for the International Community to support INFF implementation#6Thank you. For more information, visit www.inff.org