BANGKOK — A new fund to boost smart affordable housing options in Bangladesh is one of the first major announcements from the UNDP’s SDG Impact Finance initiative — an enterprise that took UNDP’s David Galipeau four years to convince the U.N. it needed.
The United Nations Development Programme announced a partnership with nine leading universities to develop a research agenda that will better leverage private investment to finance the Sustainable Development Goals.
Prime Minister Sheikh Hasina has said the private sector needs to be taken on board to help developing countries plug the gaps in funding the Sustainable Development Goals (SDGs).
“The private sector in developing countries already account for 60% of GDP, 80% of capital flows and 90% of jobs. It bears logic that partnership with the private sector is actively factored in for financing SDGs,” she said at the meeting on SDGs.