UNDP SDG Impact and WAIPA Forms Partnership to Accelerate Private Capital Towards the SDGs
Geneva, September 15, 2022: SDG Impact, part of UNDP Sustainable Finance Hub and a flagship initiative working to accelerate private sector contributions towards the achievement of the Sustainable Development Goals (SDGs) by 2030 and The World Association of Investment Promotion Agencies (WAIPA), have entered into a partnership to leverage each other’s strengths and common goals to spearhead private capital towards the achievement of the SDGs.
Under the partnership, both organizations will collaborate in areas of mutual interestsuch as providing training events for investment promotion agencies (IPAs) and promoting the uses, including linking, of each other’s digital platforms, UNDP’s SDG Investor Platform and WAIPA’s Members Portal. The SDG Investor Platformhouses country-level SDG Investor Maps, a market intelligence tool that highlightsSDG-aligned investment opportunity areas (IOAs) where national development needs, government policy and market opportunity intersect. The WAIPA Members Portal is a community portal for WAIPA member IPAs, to connect, network, as well as to share knowledgeand best practices, and to stay up to date with what is happening in the world of Foreign Direct Investment (FDI).
As the premier organization that supports, gathers and connects worldwide IPAs, to exchange their experiences and expertise, WAIPA will work with SDG Impact to host investor and investee networking events to help realize the potential of the IOAs, as identified by the SDG Investor Maps. To date, there are 23 SDG Investor Maps and over 400 IOAs that span the developing world from Indonesia, Colombia and Ghana.
Marcos Neto, Director of UNDP Sustainable Finance Hub commented, “We are proud to partner with The World Association of Investment Promotion Agencies, whom we have always held in high regard. There is currently an SDG financing gap of US$3.7 trillion annually according to the OECD. Investment Promotion Agencies can play a fundamental role in closing that gap. Our SDG Investor Maps have done much of the groundwork in identifying where investors can make the most difference to people and planet and we will work hard with WAIPA to accelerate private capital towards the SDGs.”
Deepak Bagla, President of WAIPA mentioned, “WAIPA strongly believes in the philosophy of collaborating with our partners in creating a sustainable and equitable society. We are delighted to embark on this partnership with the SDG Impact, a flagship initiative of UNDP. Given the recent economic disruptions that continue to shape the investment regime globally, there is a paramount need for IPAs to rethink and realign their investment promotion strategies. With this partnership with SDG Impact, WAIPA is looking forward to playing a decisive role in enabling our members in attracting and facilitating sustainable investments and thereby creating a better future for all.”
About SDG Impact
SDG Impact is a UNDP Sustainable Finance Hub flagship initiative, working to accelerate private sector contributions towards the achievement of the Sustainable Development Goals (SDGs) by 2030. Its objective is to leverage businesses and investors’ ability to embed sustainability at the core of management decisions and direct capital to where it can make the most difference to people and planet through the SDG Impact Standards and SDG Investor Maps. Learn more at sdgimpact.undp.org and follow us on Twitter @SDGImpact
UNDP is the leading United Nations organization fighting to end the injustice of poverty, inequality, and climate change. Working with our broad network of experts and partners in 170 countries, we help nations to build integrated, lasting solutions for people and planet.
Learn more at undp.org