{"id":216563,"date":"2022-02-15T07:34:48","date_gmt":"2022-02-15T05:34:48","guid":{"rendered":"https:\/\/www.africa-newsroom.com\/press\/historic-expansion-of-joint-un-fund-to-boost-sustainable-development?lang=en"},"modified":"2022-02-15T07:34:48","modified_gmt":"2022-02-15T05:34:48","slug":"historic-expansion-of-joint-un-fund-to-boost-sustainable-development","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/historic-expansion-of-joint-un-fund-to-boost-sustainable-development\/","title":{"rendered":"‘Historic Expansion’ of Joint UN Fund to Boost Sustainable Development"},"content":{"rendered":"
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The\u202fUN\u202fJoint SDG Fund\u202fannounced on Monday\u202fan additional $54.5 million\u202fin\u202finvestments for projects across five countries, to try and get the Sustainable Development Goals (SDGs) back on track. <\/p>\n

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“The Fund is in a position to bridge the gap in giving and impact investing”, said Hiro Mizuno<\/a>, UN Special Envoy on Innovative Finance and Sustainable Investments, adding that it offers “a sustainable investment model by leveraging the power of markets to accelerate businesses, empower communities, and provide a clear path to self-sufficiency.”.  <\/p>\n

From health\u202fin a world still plagued by the COVID-19<\/a> pandemic to\u202fyouth empowerment and climate change, the investments will respond to the challenges of our time, said the Fund in a press release. <\/p>\n

The Fund is in a position to bridge the gap in giving and impact investing – UN Special Envoy<\/em><\/p>\n

Kenya, Madagascar, North Macedonia, Suriname, and Zimbabwe\u202fwere selected from proposals submitted by over 100 countries, as being the most impactful and investment-ready to take public. <\/p>\n

Resident Coordinators in the lead <\/strong><\/p>\n

Under the leadership of UN Resident Coordinators<\/a>, implementation of investment programmes will fuel the UN footprint in the five nations – ushering in a new generation of collaborative action by the UN, government, civil society, and private sector investors.\u202f\u202f <\/p>\n

Through a development impact bond, the investments include a platform that encourages healthy sexual and reproductive habits, and\u202fHIV\u202fprevention in Kenya. Madagascar will use a variety of financial instruments, including a newly established sovereign fund,\u202fto finance\u202frenewable energy projects, and expand access to affordable, sustainable energy.\u202f <\/p>\n

North Macedonia’s newly created Green Financing Facility will help finance a transition to renewable and efficient energy for underserved households and businesses.  <\/p>\n

Meanwhile, Suriname will implement an innovative guarantee facility to ease access to credit, a business incubator, and a farmer-owned cooperative, to develop a sustainable and resilient value chain for the country’s pineapple industry.  <\/p>\n

And with a focus on empowering women and youth participation, Zimbabwe is set to launch a renewable energy fund to initiate the development of the country’s renewable energy system and infrastructure.\u202f <\/p>\n

Investments that count <\/strong><\/p>\n

This announcement comes less than a year after the Fund\u202flaunched its first investment of $41 million<\/a>\u202fin four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay.  <\/p>\n

Last year, a $17.9 million programme in Papua New Guinea was added, and with the addition of these five new programmes, the Joint SDG Fund’s Catalytic Investment<\/a> portfolio will grow to $114 million.  <\/p>\n

The portfolio is expected to leverage $5 billion toward the SDGs across the 10 countries involved. <\/p>\n

Chalking up results <\/strong><\/p>\n

Although the Catalytic Investment portfolio has been in place for less than a year, it has already achieved\u202fmeaningful results.  <\/p>\n

In Indonesia, it supported a $584 million launch of the first sovereign SDG bond in South-East Asia, and the creation of the Indonesia Impact Fund in partnership with\u202fMandiri\u202fCapital.  <\/p>\n

And Fiji’s programme has\u202fsupported sustainable businesses for its vital marine environment, including concessional financing toward\u202fa marine conservation company and a pipeline to\u202fprovide\u202fservice to waste management and organic fertilizers.\u202f <\/p>\n

Sustainable model <\/strong><\/p>\n

The Joint SDG Fund is also committed to working with partners and donors to mobilize additional resources to finance successful proposals submitted by Barbados, Ghana, and Rwanda. <\/p>\n

Established\u202fby the General Assembly, the UN Joint SDG Fund is a multi-partner trust fund\u202fthat supports Member States by lower investment risks that accelerate reaching SDGs.  <\/p>\n

In the race to 2030, it aims to disburse one billion dollars in grants annually – with the common thread among all\u202fprogrammes, to leverage\u202fmulti-million-dollar grants awarded by the Joint SDG Fund into billions for sustainable development. <\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Distributed by APO Group on behalf of United Nations Office at Geneva (UNOG).<\/i><\/p>\n

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Source: Africa Newsroom – APO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The\u202fUN\u202fJoint SDG Fund\u202fannounced on Monday\u202fan additional $54.5 million\u202fin\u202finvestments for projects across five countries, to try and get the Sustainable Development Goals (SDGs) back on track.  “The Fund is in a position to bridge the gap in giving and impact investing”, said Hiro Mizuno, UN Special Envoy on Innovative Finance and Sustainable Investments, adding that it offers […]<\/p>\n","protected":false},"author":1,"featured_media":216564,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[4584],"tags":[4585],"class_list":{"0":"post-216563","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-africa-news-2","8":"tag-apo","9":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.myza.co.za\/press\/wp-content\/uploads\/2022\/02\/historic-expansion-of-joint-un-fund-to-boost-sustainable-development.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/216563","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=216563"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/216563\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media\/216564"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=216563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=216563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=216563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}