DEVEX: Can a UN social impact fund spark further reform at the organization?
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.
On the sidelines of the 72nd United Nations General Assembly in New York, U.N. Development Programme chief Achim Steiner and Bangladesh Prime Minister H.E. Sheikh Hasina together unveiled an impact fund that aims to raise $100 million from private investors – Read more
Press Release: UNDP announces partnership with top universities to set development yardstick for impact investing
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.
The announcement came on the sidelines of the 72nd United Nations General Assembly, at an event titled “Big Data, Impact Management & the SDGs”, which was co-hosted by the UNDP and the UN Global Pulse. — Read more
Dhaka Tribune: PM Hasina urges private sector help for SDG financing
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).
Addressing a high-level discourse on the sidelines of the United Nations General Assembly (UNGA) in New York late on Wednesday, the premier said achieving the UN goals has presented a major financial challenge for governments. – Read more
Bdnews24: Bangladesh creating policy vision, facilitating private sector investment in SDGs: Sheikh Hasina
“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.
“In Bangladesh, the private sector is coming forward as a strong and willing partner. Under our Seventh Five Year Plan, we expect the private sector to finance two-thirds of our national development efforts.” – Read more
Press Release: UNDP’s first Asia-Pacific ‘impact fund’ backs affordable housing for urban migrants in Bangladesh
The United Nations Development Programme, in partnership with Build Bangladesh, today launched a new ‘impact fund’ that aims to raise over US$100m from private investors willing to back profitable ventures that create positive social and environmental impacts in Bangladesh.
The ‘Build Bangladesh-UNDP SDGs Impact Fund’ was unveiled by Bangladesh’s Prime Minister H.E. Sheikh Hasina, the Hon. Marie-Claude Bibeau, Canada’s Minister of International Development, and UNDP Administrator Achim Steiner, at a joint event on the sidelines of the 72nd United Nations General Assembly in New York. — Read more
Press Release: European Investment Fund, UNDP accord to boost cooperation to achieve Global Goals
New York — The United Nations Development Programme (UNDP) and the European Investment Fund (EIF) today signed a Memorandum of Understanding (MoU) that will boost cooperation between the two institutions.
The MoU emphasises the role small and medium size enterprises (SMEs) will play in achieving the Sustainable Development Goals (SDGs). — Read more
UNB: UNDP’s ‘Build Bangladesh Fund’ to help achieve SDGs: PM
New York, Sept 20 (UNB) – Extending her thanks to the UNDP for launching the ‘Build Bangladesh – UNDP Impact Fund’ and creating the UNDP Social Impact Finance (UNSIF), Prime Minister Sheikh Hasina on Wednesday said this could be a critical tool for unlocking private investment to complement government and donor funding for SDGs.
“The first investment of this fund will be in Bangladesh under the banner of the “Build Bangladesh – UNDP Impact Fund”. It adds to the list of many innovative firsts that Bangladesh has offered to the world. – Read more
Xinhua Net: UNDP, listed industrial zone sign deal on enhancing economic, social impact of SEZs in Cambodia
PHNOM PENH, June 29 (Xinhua) — The United Nations Development Program (UNDP) and listed Phnom Penh SEZ (Special Economic Zone) on Thursday signed a Memorandum of Understanding (MoU) on enhancing the economic and social impact of the SEZs in Cambodia.
The deal was inked in Phnom Penh between UNDP-Cambodia Representative Claire Van de Vaeren and Phnom Penh SEZ’s chairwoman Lim Chhiv Ho. — Read more
Daily News: Egypt, UNDP to establish new investment fund for development
Egypt signed an agreement with the United National Development Programme (UNDP) to establish the first investment fund for social development projects on Wednesday, according to the Minister of Investment and International Cooperation, Sahar Nasr.
The fund will be jointly financed by Misr Company for Entrepreneurship and the UNDP, said Nasr. — Read more
Press Release: UNDP and HIFC sign MOU to promote social impact investing
New York – The United Nations Development Programme (UNDP) and the Haifu International Finance Holding Group Limited (HIFC) today signed a memorandum of understanding (MOU).
The agreement is the first under the new United Nations Social Impact Fund (UNSIF), which aims to create partnerships between participating UN agencies and impact investors to support the achievement of the Sustainable Development Goals (SDGs). — Read more