INFFs have an important role to play both in the immediate response to the current crisis and in rebuilding better. Integrated financing strategies can serve as a starting point for locally driven reform processes, providing a foundation for action.
Regulators and other market participants have introduced a variety of mandatory and voluntary approaches to help investors align investments with sustainability goals.
Institutions and regulators could consider investing in requisite resources and building capacities in deploying sandboxes and experiments, with the medium- and long-term aims to advance agile, responsive and resilient approaches in adopting new technologies and in preparing for the future of digital government and sustainable development.
Favourable terms of trade provide much needed policy room to combat the pandemic and advance transformative reforms that can sustainably reduce poverty and inequality.
To address the existing barriers to the adoption of these technologies, it is important to invest in digital literacy in rural areas, establish a new generation of agricultural extension services, make digital platforms user-friendly for smallholder farmers and build up infrastructure for agricultural e-commerce.
The COVID-19 pandemic has posed new demands on development cooperation in its various forms: finance, capacity support, policy change and multi-stakeholder partnerships. The ongoing challenge of the pandemic and its consequences has also shown the durability and adaptability of development cooperation.
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