UNDP and EBRD Join Forces to Drive Growth and DevelopmentOct 13, 2014
New York, USA—The United Nations Development Programme (UNDP) and the European Bank for Reconstruction and Development (EBRD) signed on 7 October, 2014, a Memorandum of Understanding to drive and sustain growth and development in countries in Central and Eastern European, Central Asia, Mongolia, and the Southern and Eastern Mediterranean.
“UNDP is pleased to sign this Memorandum of Understanding, which brings the expertise and solutions of UNDP and EBRD together in support of sustainable development process,” said UNDP Administrator Helen Clark. “By working together with EBRD, we can promote innovative partnerships and solutions which can create jobs, promote SME growth, tackle corruption and support transparent, accountable and efficient government.”
The President of EBRD Sir Suma Chakrabart added, “We are very pleased to sign this Memorandum of Understanding with UNDP today because it will facilitate deeper cooperation between our two institutions. We share a focus on local economic development where, in addition to providing access to finance, we are more and more working on key issues like governance, inclusion and integration. We are also in full agreement that implementation is key.”
Through this partnership, the two organizations will work together on issues such as strengthening democratic governance, local economic development, gender equality, civil society, and regional cooperation and integration.
Through their global and regional networks, UNDP and EBRD will also share information about strategic priorities, needs, and opportunities about possible new initiatives.
Since 1966 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 more than 170 countries and territories, UNDP offers global perspective and local insight to help empower lives and build resilient nations.
The EBRD, owned by 64 countries and two intergovernmental institutions, is supporting the development of market economies and democracies in countries from central Europe to central Asia and southern and eastern Mediterranean. Investing primarily in private sector clients whose needs cannot be fully met by the market, the Bank fosters transition towards open and democratic market economies. In all its operations EBRD follows the highest standards of corporate governance and sustainable development.
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