Kyrgyzstan, 22 January 2022 (TDI): A tweet was posted by the United Nations Development Program office in Kyrgyzstan promising the country that it could lead an increased influx of capital and investment if it makes the country more gender-equal, having equal rights for all genders within its society.
How Kyrgyzstan can attract finance through gender equality? @INFFplatform provides seven recommendations for government action.
Read more: https://t.co/LoD4aFRnWn— UNDP in the Kyrgyz Republic (@undpkg) January 21, 2022
According to the data collected by the international organization on the development assistancee given to developing contrives, the total amount was equivalent to 1.6 billion USD in the year 2020 alone.
During 2018-19, 53 billion USD was allocated and reserved for greater gender equality. In this case, Kyrgyzstan is provided with an opportunity. The framework called “Integrated National Financing Network” or INFF, the country can use the aid it received on gender equality can receive a boost in development.
What is the INFF
This initiative is one that was launched with partnership between the Kyrgyz government and the UNDP along with UNICEF (United Nations Children’s Fund). The purpose of the INFF is to increase the level of accountability and transparency regarding where public funds are being used.
Furthermore, it also plans and uses private funds to assist in implementing Kyrgyzstan’s National Development Strategy and making the country more sustainable inline with the 2030 UN (United Nations) SDG’s (Sustainable Development Goals).
Gender Equality
In the case of gender equality, the UNDP along with UN Women have worked together to develop guidelines that would encourage greater gender equality within nation-states. Amongst these guidelines, there are 7 basic recommendations for governments that they can use to create equality. These are as follows:
- Make it a priority to mainstream equality through INFF. This should follow the SDG commitments.
- There should be an explicit inclusion of women’s civil society organization within the INFF process. The dialogue exchanges with these organizations must be transparent and consultative.
- To target gender equality in national plans for development, there needs to be enhanced gender analysis so that the national development goals and the gender inclusivity goal are more aligned.
- There should be a flow of gender analysis within financing flows and within thematic areas through support and collaboration of academia, civil society and other development assisting partners.
- There should be a state financing profile that focuses on gender. Along with this financing profile, there needs to be supplemental analysis as well as of the financial flows through a perspective that is gendered in nature. Furthermore, authorities must discuss financing policies that would encourage gender equality.
- Through gender analysis of fiscal polices, along with analysis of financial flows, introduction of a way to incorporate capacity building for design and the deliverance of gender-based financing policies and instruments.
- Taking into consideration enhancing the state data as well as state statistical systems in order to collect sex-disaggregate statistics on financing.