UNDP and the private sector
Private sector plays an important role as an engine of economic growth and job creation in developing countries. It provides goods and services, generates tax revenues to finance essential social and economic infrastructure, develops new and innovative solutions that help tackle development challenges and it is a central actor in addressing climate change. As such, the private sector is an important strategic partner for UNDP in achieving its vision to help countries eradicate poverty and reduce inequalities and exclusion within broader sustainable development.
UNDP has projects related to private sector development or engagement in most of the about 170 countries and territories where we provide assistance. UNDP works with companies from a variety of sectors, for example, water, energy, extractives, food and agriculture, consumer products, healthcare, finance and information technology.
UNDP’s collaboration with the private sector can take various forms:
- Facilitate discussions between public and private sector and the civil society on a specific development theme or industry sector;
- Find solutions for development challenges through core business activities and initiatives that include low-income groups into value chains as producers, suppliers, employees and consumers;
- Mobilize private sector financial and in-kind resources for development projects;
- Leverage innovative technologies and solutions for development;
- Form broader collective action initiatives on key development issues.