1 February 2018, New York
Seeking to intensify its partnerships with other developing countries, today the Republic of India made an additional $1 million contribution to the India-UN Development Partnership Fund, a dedicated facility within the United Nations Fund for South-South Cooperation.
The India-UN Development Partnership Fund was established in June 2017. During the United Nations Pledging Conference for Development Activities held in November, India pledged to scale up its support to the facility through a multiyear contribution of $100 million. It has already provided $6 million within the 7 months since its launch.
The pipeline of proposals and partners expressing interest to access the fund is growing constantly. To date, 15 proposals were identified to receive financial support through the fund, including 7 projects already designed in detail and approved to begin implementation.
The fund has developed an impressive portfolio of projects ranging across varied thematic areas: climate resilience, improving maternal health, youth employment, agricultural development, and infrastructure. The fund is also facilitating reconstruction efforts in hurricanes-affected countries.
The United Nations Office for South-South Cooperation, the fund manager, collaborates with various project implementing partners, including governments, United Nations Agencies Funds and Programmes offices at country-level, and non-governmental organizations, to facilitate project development and monitoring of results.
Thanks to its success, the India-UN Development Partnership Fund has attracted much attention from Member States, particularly Least Developed Countries and Small Island Developing States, which are priority partners in this fund’s efforts to empower developing country governments to advance their sustainable development objectives.