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FINANCING SUSTAINABLE DEVELOPMENT IN ASIA-PACIFIC REGION IN TIMES OF VOLATILITY AND UNCERTAINTIES

Presentation

Date: 13^th June 2023

Venue: Novotel

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Outline of Presentation

National Planning Framework of Government
Aligning the national plan with SDGs

Mapping of PDS and SDGs
Example

Financing Strategy
Issues/Challenges

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National Planning Framework

Ministry of Finance - Economic Policy & Planning Division (April 27, 2023)

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SDG’s link to PDS Key Priority Areas

All the SDG’s are linked/aligned to the key outcomes of the SDS

SUSTAINABLE DEVELOPMENT GOAL

Goal 1. End poverty in all its forms everywhere

Goal 2. End hunger, achieve food security and improved nutrition and promote sustainable agriculture

Goal 3. Ensure healthy lives and promote well-being for all at all ages

Goal 4. Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all

Goal 5. Achieve gender equality and empower all women and girls

Goal 6. Ensure availability and sustainable management of water and sanitation for all

Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all

Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all

Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialization and foster innovation

Goal 10. Reduce inequality within and among countries

Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable

Goal 12. Ensure sustainable consumption and production patterns

Goal 13. Take urgent action to combat climate change and its impacts*

Goal 14. Conserve and sustainably use the oceans, seas and marine resources for sustainable development

Goal 15. Protect, restore and promote sustainable use of terrestrial ecosystems, sustainably manage forests, combat desertification, and halt and reverse land degradation and halt biodiversity loss

Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels

Goal 17. Strengthen the means of implementation and revitalize the global partnership for sustainable development

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Example:

SDG 3: Ensure healthy lives and promote well-being for all at all ages

PDS Key Priority Area

Key Priority Area 2:

Health care services and facilities improved;
Prevalence of Non-Communicable Diseases and infections diseases reduced;
Life expectancy increased.

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Financing Strategy

The Government Budget is the most powerful instrument for the government to implement the national development priorities, the PDS and the 2030 Agenda, and Sustainable Goals.
The Public Sector Investment Program (PSIP) provide information on Government’s priority sectors and projects for donor consultations. An annually list of ongoing projects in the PSIP provided transparency and accountability on the Government of Samoa’s plans/policies and the financing required to implement.
The Cabinet Development Committee (CDC) has played a significant role in the growth of Samoa’s economy.
Legal Framework (Public Finance Management Act 2001).

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Issues/Challenges

Despite significant development progress in Samoa over the past years, challenges remain including:

Accelerate economic growth and attract more investment: For the ten years before COVID-19, Samoa achieved an average growth of 1.6% annually, significantly lower than the 4.0% target set in Vision 2040. However, for the six quarters since December 2019, GDP has shown year on year declines.

Recover from the aftermath of COVID-19 and build back better: A robust recovery from the effects of COVID-19’s particularly for tourism and seasonal workers in Australia and New Zealand, will lift economic growth. Etc.

Samoa faces the challenges in mobilizing existing financial resources and exploring new resources in meeting sustainable financing requirements.

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THANK YOU ☺

Ministry of Finance - Economic Policy & Planning Division (April 27, 2023)