7.2 Recommendations and management response RECOMMENDATION 1. The UNDP Strategic Plan ‘moon shot’ to align over $1 trillion of public expenditure and private capital with the Sustainable Development Goals requires a clearly articulated strategic road map.197 Spanning programme delivery and engagement, influencing and advocacy, the strategic road map should identify the distinctive approaches and added value of UNDP and set clear priorities backed by resource allocations. The objectives set in the strategic road map should be underpinned by practical and achievable approaches with the prospect of delivering results, and by metrics for accountable reporting on delivery. In framing the new strategic approach, UNDP should start from an assessment of how the organization can contribute to SDG financing in the three streams: domestic resource mobilization and efficient/equitable public spending; international public finance; and private capital markets, and not from a framework of delivery of the current toolkit, flagships and approaches. Development of a successful development financing strategic road map to underpin the Strategic Plan would address many of the problems identified in this report, filling the large gap observed by the evaluation team between the headline goals that have been set and the wider organizational understanding of how the goals will be achieved. It would provide staff across the organization with a clearer picture of how UNDP plans to address the crisis in SDG financing. It would provide individual teams working to deliver projects with a clearer understanding of how they are contributing to a collective UNDP effort. It would provide a basis for explaining which countries, regions, tools and approaches are being prioritized. Above all, though, a development financing strategic road map would provide a vehicle for making the tough choices that will be necessary to deliver on the $1 trillion alignment commitment. The development financing strategic road map would be entirely geared towards the Strategic Plan and the identification of pathways through which UNDP will drive delivery, detailing where UNDP will act, which competencies it will develop, how the Sustainable Finance Hub will work with countries and regions and which metrics will be used to measure the alignment of new and additional finance to the SDGs. It could usefully cover the three development finance streams considered in this report: domestic, international public finance and private capital. The development finance strategic road map should reflect the urgency of the crisis. Developments over the next two to three years will determine whether the SDG ambition remains achievable. There is a shared ambition across the organization to leverage the impact and influence of UNDP and to achieve the $1 trillion ‘moon shot’. Leadership at headquarters, in regional bureaux and in country offices should agree on a small set of goals which, if achieved, would have transformative impacts, contributing to wider United Nations and international efforts. The Sustainable Finance Hub and the Strategic Policy Engagement Unit could then frame a delivery strategy for the Strategic Plan period.
197
Connected to conclusion 1.
CHAPTER 7. CONCLUSIONS, RECOMMENDATIONS AND MANAGEMENT RESPONSE
84
