Accurate and timely evidence-based assessments that respond to the cascading poly-crises are much needed in the Arab region to bridge SDG-financing gaps.
To effectively tap niche opportunities and exploit various modes and channels of financing, Arab countries must overcome 5 major rifts on their path towards sustainable development: financing insolvencies; funding shortfalls; fiscal space constraints; debt-financing overhangs; and financing inequalities.
ESCWA launched the Financing for Development Gateway initiative to offer policymakers a wide range of empirical and artificial intelligence-powered tools to effectively harness, mobilize, incentivize and manage investments of all types.
The initiative provides:
- A single comprehensive platform to provide detailed analysis and measures of financing for development and document progress across its channels
- A dedicated Arab multi-stakeholder hub to connect and enrich global, regional, and national financing workstreams and solutions
- Digital solutions to furnish nationally tailored empirical tools and assessments to support financing decisions
The Gateway aims to align Arab economies with their national sustainable development ambitions to secure a sustainable finance trajectory that would eventually turn the region into an arc of prosperity.
Ministries of Planning, Economic Development, International Cooperation, Investment, Finance.
Central Banks, Tax Authorities and Administrations; Investment promotion authorities.
Regional and International Partners:
League of Arab States (LAS), Arab Monetary Fund (AMF), Council for Arab Economic Unity, Islamic Development Bank (IsDB), Union of Arab Banks (UAB), Economic and Social Commission for Asia and the Pacific (ESCAP), Economic Commission for Africa (ECA), Economic Commission for Europe (ECE), Economic Commission the Caribbean and Latin America (ECLAC), United Nations Department for Economic and Social Affairs (DESA), Inter-Agency Task Force on Financing for Development (IATF), Tax Justice Network (TJN)
The Financing for Development Gateway provides a comprehensive array of quantitative diagnostics, data-driven assessments, and in-depth analysis pertaining to the state of sustainable development financing at both the national and regional levels.