World Business Jury Panel commends Nepal Micro-enterprise Development Programme

30 Sep 2008

The International Chamber of Commerce (ICC), The Prince of Wales International Business Leaders Forum (IBLF) and the United Nations Development Programme announced the 2008 World Business and Development Awards (WBDA) amidst a ceremony held in New York on 24 September as part of the High-level Event on the Millennium Development Goals (MDGs) convened by the Secretary-General of the United Nations and the President of the General Assembly. 

The International Judging Panel, greatly impressed by Nepal’s Micro-enterprise Development Programme (MEDEP) decided that the programme should be listed as one of the highly commended applications even if it was not among the 10 winners. 

Out of the 104 entries from 44 countries, ten private sector initiatives around the world were honoured on the occasion for their outstanding contribution in establishing linkages between core business practices and the MDGs. MEDEP, initiated by the Government in 1998 with technical and financial support from UNDP, DFID, NZAID and AusAID, has supported the development of over 30,000 microenterpreneurs (68% women, 20% Dalits and 67% Youth) and created about 40,000 sustainable jobs essentially targeting the poor and excluded groups in 31 districts. The overall sustainability success rate has been around 95% of all the enterprises established between 1998 to August 2008.