Innovative Financing of the United Nations' New Sustainable Development Cooperation Framework for Mongolia

Mongolia has made great strides in its development since its modern political founding in the 1960s and its subsequent membership into the United Nations (UN). To help the country achieve its ambitious development goals the UN System in Mongolia has been active across various sectors including economic development, environmental management, social services, and governance. The United Nations Resident Coordinator’s Office (RCO) in Mongolia enlisted the SIPA team to help develop an innovative financing strategy for the United Nations Sustainable Development Cooperation Framework (UNSDCF) for Mongolia, focusing on how to scale up financing for the UNSDCF’s second strategic priority on promoting green, inclusive and sustainable growth. The SIPA team had three main suggestions: an SDG Pooled Fund, a Development Impact Bond, and an Investment Screening Tool.