This press release originally appeared on the UNDP Nepal Medium website.

The Ministry of Finance successfully concluded a Multi-Stakeholder Development Dialogue on April 10th. Bringing together a diverse range of stakeholders, including development partners, private sector actors, and civil society, the dialogue served as an essential platform to strengthen multi-stakeholder collaboration in support of Nepal’s national development priorities and achievement of the Sustainable Development Goals (SDGs).

During his opening remarks, Mr. Toyam Raya, Finance Secretary at the Ministry of Finance, highlighted the benefits of engaging with a diverse group of stakeholders when discussing key issues impacting Nepal’s development journey.

“Inclusive, multi-stakeholder dialogue can and must inform every aspect of Nepal’s development journey. By engaging with a diverse pool of stakeholders, including bilateral, multilateral, and UN partners, CSOs, the philanthropic sector, and academia, we create a chorus of voices that strengthens our collective pursuit of progress. Inclusive dialogue also fosters transparency and empowers diverse voices to influence development cooperation, ensuring that no one is left behind,” said Mr. Raya.

The dialogue event provided an important opportunity for the Government of Nepal to formally launch both a planned review of its 2019 International Development Cooperation Policy and Nepal’s participation in the 4th Global Partnership for Effective Development Cooperation (GPEDC) monitoring round.

Nepal’s Ministry of Finance also announced its intention to develop an Integrated National Financing Framework (INFF), which will serve as a crucial financing strategy to support the country’s efforts toward achieving national development priorities and the SDGs. The INFF will provide Nepal with a comprehensive approach to bridging its SDG funding gap, while unlocking new financing opportunities through public and private partnerships.

In announcing this initiative, Mr. Shreekrishna Nepal, Joint Secretary of the International Economic Cooperation Coordination Division, Ministry of Finance said, “I am pleased to announce that the Ministry of Finance will soon be pursuing the development of a broader, comprehensive, and integrated financing framework with blended finance as a critical component to better mobilise public and private financing in support of long-term development goals, including the SDGs. This financing strategy will align development planning and financing processes, establish resource mobilisation targets, and address barriers, such as those faced by blended finance.”

The Multi-Stakeholder Development Dialogue underscored the Government of Nepal’s commitment to fostering robust partnerships aligned with its national development priorities and long-term vision for achieving the SDGs.

The Multi-Stakeholder Development Dialogue event was supported by the Effective Development Financing and Coordination II (EDFC-II) project, a four-year initiative by the United Kingdom Foreign, Commonwealth and Development Office (FCDO) and UNDP delivered via UNDP’s national implementation modality that promotes national ownership and fosters institutional capacity development among government counterparts.

The EDFC-II project aims to accelerate Nepal’s achievement of the SDGs by increasing the availability and ensuring the effective use of a more diverse range of development finance. The project focuses on building the capacity of the Government of Nepal to mobilise and manage development finance effectively and increasing the availability and use of high-quality, comprehensive, and timely development finance data.

[Read more from UNDP Nepal’s website: www.undp.org/nepal]

Please explore Nepal's page on the GPEDC Global Dashboard for updated information on the country’s participation in monitoring processes, development co-operation policies, mechanisms and more.