Innovative financing is approached by UNDP as a strategic lever for change, sitting at the core of the UNDP delivery system. UNDP Indonesia has made innovative finance a central part of its work on the SDGs with the objective to leverage new resources flows for sustainable development. It has established an Innovative Financing Lab (IFL) on 26 September 2018 that operates as collaborative space for Government, the private sector, financial institutions, investors, entrepreneurs, religious organizations, civil society, other UN agencies, and other interested stakeholders to work together and develop solutions for financing the SDGs.
Based in Jakarta but global in ambition to offer services to partners, the Lab aims to innovate on means to unlock and leverage new finance to help close the SDGs financing gap through designing and testing new innovative financing instruments, helping to enhance investments for higher SDGs-returns, and contributing to a stronger enabling environment for SDG-friendly finance. The Lab focuses on six interrelated clusters, namely Faith Based Finance , Integrated National Financing Framework (INFF), Climate Finance, SDG Aligned Debt & Loan, Impact Investing and Youth Entrepreneurship.
