UN Development Programme’s International Center for Private Sector reviews progress to step up sustainable and inclusive development

UN Development Programme’s International Center for Private Sector in Development held its 5th Executive Council Meeting in Istanbul today, to review progress and to step up the private sector’s contribution to sustainable and inclusive development.

“Achieving the 2030 Agenda for Sustainable Development means going beyond business as usual. Sustainable development requires a range of government and cross-sectoral approaches, and new partnerships,” said Magdy Martinez-Soliman, UN Assistant Secretary General and Director of UNDP’s Bureau for Policy and Programme Support.

In 2016, the Center continued to support the G20 countries which represent 80 per cent of the world economy. The support comprised of creating training materials and policy options to build the public sector capacity to create incentives for inclusive business activities at the national level. The Center created new tools such as online surveys and inclusive business frameworks to measure the inclusiveness of core business operations, advanced value chains, initiated more partnerships to advance skills development, facilitated Islamic Finance to development projects and connected private sector in humanitarian action supporting the outcomes of the World Humanitarian Summit. The Center will continue to increase its activities with startups, Small and Medium Enterprises (SMEs) and advance women’s economic empowerment.

Mr. Y?lmaz Tuna, Deputy Undersecretary of the Ministry of Development, Government of Turkey said, “In partnership with UNDP we have built a strong foundation for the private-sector work, a promising pipeline of new projects and initiatives, we engaged new partners and a built a strong team here in Istanbul to deliver development impact at scale.”

The Executive Council members commended the Center for the new action oriented initiatives and support provided to over 40 countries, for example: Afghanistan, Brazil, Bosnia and Herzegovina, Colombia, Fiji, India, Kenya, Tajikistan, Kyrgyzstan and the Philippines. The Center produced 17 publications on inclusive business and the SDGs, private sector-led skills development and private sector engagement in resilience.

The Executive Council is the primary governing body of the Center providing overall oversight, strategic leadership and direction. The Executive Council includes senior officials from Turkey’s Ministry of Foreign Affairs, Ministry of Development, the Turkish International Cooperation and Coordination Agency (TIKA), and the Turkish Union of Chambers and Commodity Exchanges (TOBB). The Government of Kuwait also joined the meeting as an observer.

Source: United Nations Development Programme.