Development finance assessment

part of the policy development process. 
Many countries
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have undertaken similar costing estimates, or are in the process 
of doing so. South-south cooperation and peer learning can support building capacity 
and share best practices on how to integrate a systematic costing of financing needs in 
Uzbekistan’s planning processes. The UNDP Finance Hub, as well as ESCAP, have special-
ized staff that can support the identification, and implementation, of costing methodolo
-
gies best suited to Uzbekistan’s national context. 
The JP is planning to conduct several analyses over the next two years that will greatly 
complement this DFA. They include:
„
Costing estimates for SDGs 1, 8, 10 and 12 to integrate them into the national 
development strategies;
„
Public expenditure review of existing poverty reduction programmes to inform the 
financing strategy on poverty reduction;
„
Fiscal space analysis for reform options to strengthen social assistance in Uzbekistan;
„
Costing and cost-benefit analysis of reform options to strengthen social assistance; and,
„
Undertaking public expenditure review of social assistance in Uzbekistan.
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Cambodia, Malaysia and Thailand have all developed estimates of the scale of financing needed to realize their 
medium-term (4–5 year) plans. These include varying degrees of detail on which to delineate responsibilities and 
objectives into targets and policies for different types of finance. Bangladesh and Nepal have undertaken exercises to 
estimate the cost of achieving the SDGs, looking at both public and private resources.

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DEVELOPMENT FINANCE ASSESSMENT FOR THE REPUBLIC OF UZBEKISTAN
Monitor the contribution of public spending at the level of SDG targets.
Information on the contribution of public spending to respective SDGs is available only 
at the Goals’ level and for the Republican Budget. A more systematic and detailed analysis 
of the contribution of public spending to the SDGs at the level of individual targets would 
uncover SDG financing gaps, allowing for more targeted financing policies. Considering 
the ongoing fiscal decentralization process, understanding how it would affect SDG 
financing requires information on the contribution of local budgets to SDG progress. This 
may be addressed by undertaking a rapid integrated assessment of national budgets, 
complementing the authorities’ initial work already undertaken for mapping national plans 
with the SDGs. 
Integrate the DFA into the annual budget process.
The MoF’s macro-economic forecasting division could consider updating DFA analytical 
framework annually. Joining the different strands of Uzbekistan’s available development 
finance into a coherent and up to date ‘DFA dashboard’ would cement the ongoing SDF 
financing dialogue in the country. It would support systematizing the authorities’ holistic 
approach towards financing the SDGs beyond the public purse, and provide an ongoing link 
between public policies for private finance and national sustainable development objectives. 
In practice, this should not entail much additional analytical effort, but rather procedural 
reforms to ensure transparent, consensual and timely SDG financing information is made 
available to all the right interlocutors, and through the appropriate official channels.
This is an opportune moment to consider integrating this UIFF’s first dimension into 
Uzbekistan’s PFM system. The revamped PFM Reform Strategy and the transition towards 
adopting a MTEF and RBB provides the adequate policy momentum to integrate the 
DFA dashboard and its medium-term financing outlook into the budget process. A DFA 
dashboard would provide a practical link between the development Strategy’s long-term 
resource needs with the medium-term financing trends and financing approach. In addition, 
a summarized version of the annually updated DFA could be part of the ‘budget package’ 
provided for approval to the Parliament, in the form of a 2-page strategic assessment of 
the development finance landscape. This would greatly inform decision-making, as well as 
the success of the Citizen Budget.
Adopting a DFA dashboard would also serve the purpose of strengthening the data 
ecosystem by building up statistical capacity and strengthening institutional coherence 
between the State Committee on Statistics, the MoF, the CBU and the MoE. The broad 
range of data that underpins the DFA analysis would have to be centralized, updated and 
provided by the Statistics Committee, relying on medium-term revenue and expenditure 
data from the MoF, CBU and other relevant domestic sources.