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UNIDO event focuses on partnerships with development finance institutions and the private sector to implement the 2030 Agenda

UNIDO event focuses on partnerships with development finance institutions and the private sector to implement the 2030 Agenda


Source : UNIDO

21-Nov-2016

Multi-stakeholder partnerships involving development finance institutions (DFIs) and the private sector play the key role in the implementation of the 2030 Agenda. This was emphasized by participants of a high-level panel discussion held today in Vienna as part of the 50th anniversary celebrations of the United Nations Industrial Development Organization (UNIDO).
Moderated by Todd Benjamin, a panel discussion between key UNIDO partners underlined the importance of multi-stakeholder partnerships for achieving the Sustainable Development Goals.
In his opening remarks, UNIDO Director General, LI Yong, said: “None of us can afford to act in isolation. National governments will continue shaping development policies and mobilizing the resources necessary for their implementation. However, we must engage other actors, especially the private sector and development finance institutions, for domestic and international resource mobilization to work. It is with this in mind that UNIDO has developed the Programme for Country Partnership (PCP).”
The panel discussion centred on the PCP, UNIDO’s multi-stakeholder partnership model advancing inclusive and sustainable industrial development. The PCP focuses on partnerships with DFIs and the private sector to mobilize large-scale resources and achieve a greater development impact.
Government representatives from Ethiopia and Senegal, the first two pilot countries of the programme, commended the PCP as an effective mechanism moving forward their industrial development agendas by mobilizing investments for industrial infrastructure development.
The delegate from Peru, the most recent PCP pilot country, reiterated Peru’s full commitment to partnering with UNIDO to foster modern, competitive and inclusive industry, in line with the country’s national development strategy and objective of accession to the Organization for Economic Cooperation and Development.
Mahmoud Mohieldin of the World Bank Group reported about the Bank's partnership with the UNIDO PCP in Ethiopia to support the government’s initiative to establish industrial parks. An agreement was signed between the two entities in June 2016 to solidify the collaboration.
Mohieldin said: “The World Bank Group provided US$250 million for the programme. UNIDO has accumulated solid experience in value chains for leather and textile sectors, skills training programmes, quality and standards, and technology know-how, which we will continue to leverage. This can strengthen linkages between foreign direct investment and small- and medium-sized enterprises in Ethiopia.”
“Companies that benefit societies and the environment they operate in do good for the future of their own business too,” said Jean-Francois Van Boxmeer, Chief Eecutive Officer of Heineken. He illustrated how the Heineken-UNIDO partnership pursues development and business objectives simultaneously.
Speaking about their cooperation on water stewardship initiatives and renewable energy for productive uses, he remarked: “UNIDO’s support in these areas is key to success. The Organization helps us to address some of the challenges that we meet as a business operating in developing markets. Heineken is fully committed to this partnership!”