Development finance assessment

ADDRESS KNOWLEDGE 
GAPS
• Conduct costing assessment of the national development strategy and priority 
Sustainable Development Goals and targets.
• Monitor the contribution of public spending at the level of SDG targets, e.g. 
Rapid Integrated Assessment
• Integrate the DFA into the annual budget process.
BUILD 
ADMINISTRATIVE 
CAPACITY
• Strengthen GoU’s national statistics and capacity to effectively monitor SDG 
progress and corresponding financing strategies.
• Building capacity and raising awareness of Parliamentarians regarding the 
gender and environmental dimensions of SDG financing. 
Therefore, this DFA argues that financing a durable and resilient recovery from 
the pandemic requires developing a mid-term comprehensive COVID-19 recovery 
programme. 
Such a programme would support simultaneously addressing these cross-
cutting challenges and deliver reforms across many aspects of public, private, domestic and 
international financing, to mobilise necessary investments. 
Operationalising an INFF can strengthen national efforts to re-build better. 
It would 
bring together Uzbekistan’s multiple on-going financing reforms, including the COVID-19 
Anti-crisis measures, within a coherent, overarching framework that helps prioritizing the 
most strategic ways for financing building back better. It provides strategic guidance about 
the various public and private finance flows to be mobilized for achieving the nationalized 
SDG targets according to different financial flows’ and stakeholders’ comparative advantages.
This DFA’s recommendations are to be reviewed, discussed and validated by the DFA 
Oversight Committee towards agreeing on next steps
. This involves i) working out the 
practical details of the priority recommendations into an INFF roadmap; ii) convening a broad 
constituency of stakeholders to discuss and validate this INFF roadmap; iii) championing the 
INFF roadmap and its implementation among government actors and wider stakeholders; iv) 
identifying clear institutional ownership – for example by transforming the ‘DFA Oversight 
Committee’ into an ‘INFF Oversight committee’. The UN Resident Coordinator’s Office can 
drive this process by aligning it with the ongoing activities of the Joint UN SDG Fund’s Joint 
Programme for establishing an INFF in Uzbekistan. 

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10
DEVELOPMENT FINANCE ASSESSMENT FOR THE REPUBLIC OF UZBEKISTAN
INTRODUCTION
The 2030 Agenda for Sustainable Development (2030 Agenda) presents an ambitious, 
complex and interconnected vision that countries around the world have committed to 
working towards. Countries face several challenges in developing an integrated approach 
to financing the SDGs. Mobilizing the scale of public and private resources required while 
maximizing their impact on social, environmental and economic dimensions of the 2030 
Agenda presents a range of challenges, from managing complex financing instruments, to 
designing and implementing effective policies, and collaborating with a diverse range of 
actors. These challenges are often rooted in, or made more difficult by, misalignment between 
the planning and finance policy functions of government, as well as the participation of only 
a narrow group of stakeholders in dialogue and decisions on financing.
United Nations’ Member states recognized these challenges of SDG financing in the Addis 
Ababa Action Agenda. The 2019 Financing for Sustainable Development Report recommends 
countries to consider developing Integrated National Financing Frameworks (INFFs) to 
support their national development strategies. INFFs support shifting financing perspective 
towards long-term investment horizons and integrating sustainability as a central concern 
of investment decisions. It enables aligning private and public incentives with sustainable 
development, and better measuring the impacts on sustainability. 
The UNDP developed several tools to analyze existing financial resources and identify 
opportunities to mobilize additional sources of finance more efficiently to achieve the SDGs, 
including the Development Finance Assessments (DFAs). The onset of the COVID-19 crisis 
has slightly modified the scope of the DFAs. They now increasingly support operationalizing 
INFFs for building back better and transition to stronger, more resilient and inclusive 
sustainable development paths. 
In the case of Uzbekistan, this DFA provides the context analysis for financing a durable and 
resilient recovery from the COVID-19 crisis in line with the country’s longer term sustainable 
development priorities. It is the UN country team’s main effort to date to address some of 
the critical knowledge gaps with regards to the available development finance in Uzbekistan 
and SDG financing opportunities and challenges. 
This up-to-date context analysis supports developing a consensual approach among 
government and its partners around what ‘building back better’ from COVID-19 means for 
Uzbekistan. Its key findings and recommended SDG financing reforms are closely interlinked 
with the implementation of the two-year Joint Programme of the UN Joint SDG Fund. This 
Joint Programme activities support accelerating SDG financing reforms in Uzbekistan and 
would represent the main institutional vehicle for implementing the INFF roadmap proposed 
by this DFA.