Strategic Policy Options for SDG Financing
Project properties
ALB/20/50/UND Europe and Central Asia World Albania MPTF/UNDP Completed This project is part of the Global Flagship Programme on Building Social Protection Floors for All
Description
Towards the SDG Financing Ecosystem in Bosnia and Herzegovina - BiH SDG Financing Ecosystem The ILO has joined forces with other UN agencies (UNDP, UN Women, UNICEF and WHO) to build an SDG Financing Ecosystem in Bosnia and Herzegovina under the Joint SDG Fund. An SDG Financing ecosystem is a network of different stakeholders that enables the generation of additional funding to promote and achieve the Sustainable Development Goals (SDGs). Bosnia and Herzegovina has a complex political governance system whose fragmentation of policy processes makes the achievement of the SDGs more challenging than in other countries in the Western Balkans. The 2-year joint programme between the five different UN agencies aims to develop finance assessments and expenditure reviews, foster social dialogue and support the governments at national and sub-national levels through capacity building activities. These interventions shall help to establish SDG-informed resource planning of public spending and assess the efficiency of past spending. By doing so, an SDG financing ecosystem is strengthened and additional finances are catalysed towards the achievement of the SDGs. The ILO’s contribution to this joint programme focuses on bringing additional resources to SDG 8 “Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all”. More specifically, the ILO will contribute to building the capacities of statistical bureaus to conduct input/output (IO) analysis. For many decades, the ILO has been using Input-Output Tables (IOT) to analyse the impact on employment of policies. A closed Input-Output framework, which introduces feedback loops of higher income achieved through employment generation, stimulating the economy and government revenues through additional tax collection, could provide additional insights into the financing of SDGs. Output and employment multipliers can be analysed to understand the employment impacts of alternative policies in different branches of the economy. Additionally, capacity building on input-output modelling of labour productivity could provide insights into sectoral productivity and the impact of changes in demand for goods and services or, for instance, in policies related to wages and working hours.SDG
Goals
- Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Time
25.06.2020 - 30.06.2023
Budget
135,000 / 135,000
Development Cooperation