UNDP and Islamic Development Bank Sign Partnership to Support the Sustainable Development GoalsMay 18, 2016
Jakarta, 18 May 2016 – The United Nations Development Programme (UNDP) and the Islamic Development Bank Group (IDBG) signed a Memorandum of Understanding (MoU) today, to strengthen the collaboration between the two leading development institutions, to support the effective implementation and achievement of the SDGs.
UNDP and IDBG will collaborate on shared priority areas such as crisis response and recovery, peacebuilding, poverty reduction, youth employment, innovation, disaster risk reduction, climate change, sustainable energy, capacity development, and knowledge sharing.
The new agreement also seeks to expand UNDP-IDBG cooperation beyond the Arab States region to Africa, Central and South Asia, and Southeast Asia and the Pacific.
“We are pleased to commit to a joint plan of action with the IDBG to enhance and expand collaboration in the countries we serve,” said Ms. Helen Clark. “Partnerships like ours will be invaluable in implementing the SDGs, we need collective action to deal with global development challenges.”
IDBG President Dr. Ahmad Mohamed Ali Al-Madani said, he was very pleased to sign the MOU.
“We agreed on concrete initiatives to scale up cooperation in shared priority areas both globally and at the country level,” he added. “I wish our two teams great success in jointly working on these initiatives for supporting our common member countries that will help achieve the SDGs.”
Information on UNDP and IDBG Partnership
UNDP and IDBG share 30 years of effective partnership and cooperation, following their first MOU in 1986. Since then, UNDP and the IDBG have collaborated on a variety of efforts including: IDBG funding more than US $240 million over the past 10 years for projects under UNDP’s Programme of Assistance to the Palestinian People related to agriculture, electricity and housing.
The partnership has also spearheaded trade reforms, promoted pro-poor growth and reduced unemployment, as part of the Aid for Trade Initiative for Arab States; and conducted a joint socio-economic assessment in 2012, together with the World Bank and the European Union.
The IDBG-UNDP partnership will focus on scaling-up ongoing initiatives, and exploring new opportunities to collaborate for the effective realization of the Sustainable Development Goals (SDGs), in areas including:
- Project development and implementation around shared priority areas and comparative advantages, such as crisis response and recovery, poverty reduction, youth employment, disaster risk reduction, and climate change. Project delivery will also be supported by joint diagnostics at the request of national governments to overcome implementation bottlenecks through trilateral partnerships to build capacity, design and implement development results effectively
- Development of private sector partnerships, to promote inclusive markets, business models for inclusive development and increased entrepreneurship; including advancing the Global Islamic Impact Investing Platform for blending Islamic financing and private sector resources in achieving the SDGs
- Strategy Development/SDG alignment, working together to align key IDBG Member Country Partnership Strategies to the SDGs; contributions to each other’s strategies and programs; and application of social and environmental standards
- Promoting systematic institutional cooperation, from broadening channels of information exchange, research, analysis and contacts to collaboration on key events; joint monitoring and communications to operationalize the new MOU and action plan.
UNDP partners with people at all levels of society to help build nations that can withstand crisis, and drive and sustain the kind of growth that improves the quality of life for everyone. On the ground in nearly 170 countries and territories, we offer global perspective and local insight to help empower lives and build resilient nations.
IsDB is a multilateral development bank with headquarters in Jeddah, KSA. It consists of 57 member countries in Africa, Asia, Europe and Latin America. The purpose of the bank is to foster the economic development and social progress in its member countries, and Muslim communities in non-member countries. The Bank has regional offices in Kuala Lampur (Malaysia), Rabat (Morocco), Almaty (Kazakhstan), Dakar (Senegal), and several gateway offices and field representatives in different parts of the world.