What role for the private sector in financing the new sustainable development agenda?

07 May 2015 by By Marcos Athias Neto and Massimiliano Riva

Phasing out fossil fuels is one way to reduce investment in areas that can be harmful to the SDGs. Photo: UNDP in Somalia
The contribution the private sector can make through innovation, agility, ingenuity and financial resources can be better appreciated and maximized. In this blog series, our experts share their thoughts on key financing for development issues … Read more

Africa and Climate Finance – The state of the debate

23 Apr 2015 by Alice Ruhweza, Regional Team Leader for the Global Environment Finance Unit in Africa

Climate change threatens the lives and livelihoods of hundreds of millions of people in Africa. Photo: Benjamin Larroquette/ UNDp in Zambia
Climate finance to Africa has been growing considerably. However, only 45% of approved funding is delivered for adaptation measures. In this blog series, our experts share their thoughts on key financing for development issues … Read more

Five things we would do if we were really serious about finance for development

16 Apr 2015 by Ben Slay, Senior Advisor for UNDP Regional Hub for Europe and the CIS

wind turbines in CroatiaReducing fossil fuel subsidies in favor of green energy. Photo: UNDP in Croatia
It is now widely agreed that finance for development discussions should not only be about more money for official development assistance or climate finance. They should be about aligning international and domestic trade and financial systems with the logic of sustainable development. In this blog series, our experts share their thoughts on key financing for development issues. … Read more

The political economy of illicit financial flows

09 Apr 2015 by Max Everest-Phillips, Director, Global Centre for Public Service Excellence, Singapore

 Between 1980 and 2009, total illicit financial outflows from Africa grew by 11.9 percent per year. Photo: Carly Learson/UNDP Liberia
Tax evasion has often been the hallmark of the elites. In ancient Rome, the upper class viewed tax as ‘the mark of bondage.’ But the Roman Empire collapsed because the tax on land was largely passed on the poor, and later on the middle classes, while the elite carried less and less of the public financial burden. In this blog series, our experts share their thoughts and lessons learned on key financing for development issues … Read more

If it is not rights-based, it is not real human development

07 Apr 2015 by Magdy Martínez-Solimán, Director, Bureau for Policy and Programme Support, New York.

  In Mozambique, UNDP is putting an emphasis on human rights in its development work. Photo: UN/Mozambique
Today, as we witness widening inequalities within countries, intensifying competition around scarce natural resources, and the continued exclusion of marginalized groups, national human rights institutions are more relevant than ever. They are the cornerstones of our national systems for the promotion and protection of human rights, essential to sustaining development and successful implementation of the Post-2015 Development Agenda. … Read more

How will small island states finance our ambitious Sustainable Development Goals?

02 Apr 2015 by Gail Hurley and Stephen O'Malley

 Helen Manvoi and her children stand in front of what used to be their outdoor toilet in Port Vila, Vanuatu. Photo: Silke Von Brockhausen/UNDP
“Our development has been wiped out,” said Vanuatu’s President as Cyclone Pam laid waste to pretty much the entire South Pacific nation. With major shocks such as these so common, how can small states – from Barbados to Cabo Verde to Samoa – better plan for such emergencies? And will the international community make sure that adequate finance is made available? In this blog series, our experts share their thoughts on key financing for development issues … Read more

Bridging the gap: How the SDG Fund is paving the way for a post-2015 agenda

11 Mar 2015 by Paloma Durán, Director, Sustainable Development Goals Fund

Indigenous woman and her child in PeruPhoto: UNDP/Peru
We are fast approaching this September’s Summit on the Sustainable Development Goals (SDGs), with world leaders debating the 17 goals and 169 targets proposed by the United Nations Open Working Group. The post-2015 development agenda will focus primarily on strengthening opportunities to reduce poverty and marginalisation in ways that are sustainable from an economic, social and environmental standpoint. The SDG Fund, created by the United Nations Development Programme (UNDP) with an initial contribution from the government of Spain, has been designed to smoothen the transition from the Millennium Development Goals phase into the future Sustainable Development Goals. The rationale of the joint programme initiative is to enhance the development impact of technical assistance by combining inputs from various UN entities, each contributing according to its specific expertise and bringing their respective national partners on board. To illustrate, we are currently implementing joint programmes in 18 countries addressing challenges of inclusive economic growth for poverty eradication, food security and nutrition as well as water and sanitation. The majority of our budget is invested in sustainable development on the ground and is directly improving the lives of more than one million people in Latin America, the Caribbean, Asia, Arab States and Africa. National … Read more

Innovative public-private partnerships are key to Post-2015 success

13 Feb 2015 by Neil Buhne, Director of UNDP's Geneva Liaison Office

 Kazakhstan produces 343,000 tonnes of electronic waste each year. Through a public-private partnership the country is now making positive changes to their e-waste disposal. Photo: UNDP Kazakhstan making changes to e-waste disposal through an unusual public-private partnership
In this blog series, UNDP experts and practitioners share their experiences and views on innovation in development practice. In a world where links between countries are greater and faster than ever, disasters that once might have had only local effects now increasingly have international ramifications. The effects from the tsunami/meltdown of Japan’s Fukushima reactor, for example, had devastating local consequences, but also impacted communities and economies thousands of miles away. In such an interconnected world, with impacts that touch upon all of society, locally and internationally, we need equally all-embracing approaches. While challenging, an increasingly interlinked world also provides unprecedented opportunities to reduce risk. Countries that might have once been at a dire disadvantage from a skills and knowledge perspective now have the ability to draw upon international resources. And the private sector—which operates in perhaps an even more hyper-connected environment than governments—can be called on to provide expertise. Our goal then, as we move into the post-2015 context, is to learn how to tap into these areas and to make use of innovative partnerships that draw on specific strengths and address identifiable gaps. The Get Airports Ready for Disasters (GARD) programme, a joint venture between UNDP and Deutsche Post DHL, … Read more

Infrastructure for Development: Show me the Money!

10 Feb 2015 by Magdy Martínez-Solimán, Director, Bureau for Policy and Programme Support

Solar panels in GazaA Renewable energy generation project, implemented by UNDP and funded by the OPEC Fund for International Development (OFID), installed solar panels in schools and maternity clinics in Gaza. Photo: UNDP/PAPP
According to the Oxford University Said Business School, we are facing an unprecedented infrastructure mega-project investment era, amounting to 6-9 trillion US$ annually, or 8% of the global GDP. Whether it involves revamping old infrastructure, developing new sources of energy, providing access to social services and utilities to more people (with the paradigm of universal access in sight) or developing our communications infrastructure, it is easy to be in favour of more, and better, infrastructural development. The issue is not for poor countries alone to struggle with. President Obama wants to upgrade the US roads, bridges and ports by imposing new taxes on overseas earnings by American companies. Little can be said against infrastructure as a public good. The problem is how to interest private finance in that public good.       As the Secretary-General said in his post-2015 agenda Synthesis Report last December, “Urgent action is needed to mobilise, redirect, and unlock the transformative power of trillions of dollars of private resources to deliver on sustainable development objectives.” Infrastructure makes life better, economies more competitive, and while being built, offers jobs to the value chain. On the other side, however, infrastructure also massively consumes cement and increases emissions. It is one … Read more

2015: Many things could go well!

02 Feb 2015 by Magdy Martínez-Solimán, Director, Bureau for Policy and Programme Support

 The 3x6 approach in Burundi allows people, through an integrated approach to control the development process themselves. (Photo: UNDP Burundi)
This year is iconic, and has been branded as a year of opportunity. Like Y2K, it could be an annus mirabilis (year of miracles). UNDP can make a serious contribution: the Strategic Plan (2014-2017) is designed to chart the way forward in the major conferences ahead, and in the final definition of the Sustainable Development Goals (SDGs). 2015 is the European Year of Development, the UN’s 70th Anniversary and the 20th Anniversary of Beijing (the platform to advance women’s rights).  In 2015, the African Union Summit will focus on Ebola and beyond, and the Turkish G20 Presidency priorities are focused on Inclusivity, Implementation and Investment for growth. We are on the road to Sendai for the 3rd World Conference on Disaster Risk Reduction (DRR), to Addis for the 3rd Conference on Financing for Development (FfD). The events complement each other leading to the General Assembly (GA) on Post 2015 and the CoP21 in Paris. UNDP is ready for the challenge. It is strong, fit, and cost-effective. It is state of the art in development thinking and is in the lead of the UN Development System. What will be our key messages? I suggest the following five: UNDP is ready to support … Read more