In the context of an INFF, monitoring and review brings together existing data and tracking systems from across different types of finance, and links them to results. It does not aim to replace or duplicate these systems. Rather it acts as an ‘integrator’ by streamlining efforts and providing access to policy-relevant information across multiple financing policy areas, and feeding it back into integrated policy making processes.

Sections 2 and 3 of this guidance outline the value and role of INFF monitoring and review. Section 4 lays out relevant stakeholders, as well as processes that could be used as entry points. Section 5 focuses on steps countries can take to strengthen relevant monitoring and review systems and ensure the required data and information to guide overall INFF implementation is gathered and used by policy makers (Annex 2 provides an illustrative INFF monitoring and review frameworkFN 3 that may be used to bring together data and information from different systems). It puts forward key elements of a monitoring and review system in the context of an INFF and proposes two steps to strengthen (or establish) such a system, depending on a country’s existing processes, capacities, priorities and needs. The first is to establish a baseline, including levels of buy-in, roles and responsibilities, and data systems and capacity (a checklist for this step is included in Annex 1). The second step is to build on the baseline and fill any gaps, drawing on established good practice in the field and country examples, across four areas: i) institutionalise INFF monitoring and review; ii) integrate existing systems; iii) link the process to ongoing or planned data/ statistical reform processes, and make use of needs-based IT solutions; and iv) leverage insight and lessons from peers and regional/global knowledge-sharing platforms.

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