Georgia launches Sustainable Development Goals Financing Report
09 February 2021
The United Nations in Georgia launched the first ever SDG Financing Report for Georgia.
This policy document, developed by the Office of the UN Resident Coordinator in partnership with stakeholders evaluates the local landscape, takes stock of the progress made, and makes recommendations for directing the available financing towards reaching the Sustainable Development Goals.
"Without objective assessment, Georgia has no way of knowing whether it is making progress towards its priority aims of achievement of the Sustainable Development Goals,” said UN Resident Coordinator Sabine Machl. “The SDG Financing Report highlights types of financial flows available to Georgia, how Georgia’s development partners and Government are making the linkages with SDGs and where course corrections are needed to align the available financing with the SDGs.”
The event brought together a wide range of representatives from government, state agencies, development partners, UN entities from Europe -Central Asia region and the private sector.
The meeting featured a presentation by a Georgian expert Nato Alkhazishvili who supported the Resident Coordinator’s Office with the report preparation. Alkhazishvili outlined the main findings of the report as well as the conclusions and recommendations.
One finding is that the SDGs are not currently the main planning framework for the country. Both Government institutions and the majority of international Development Partners plan according to their own declared priorities, which are then explicitly or implicitly linked with SDGs.
The report underlines the need for costing the SDG achievement in Georgia and urges the use of available information on SDG accelerators more actively to direct resources towards the implementation of those SDG targets that would have a positive multiplier effect.
The report also highlights the importance of promoting private sector engagement. It calls for strengthened collective action to tackle national policies to align the available financing in support of the 2030 Development Agenda.
The report is expected to galvanize action on the production of the SDG Financing Strategy for Georgia.