Joint SDG Fund Doubles its Portfolio to $114 Million in Catalytic Impact Investments

Selected from a global pool of submissions from over 100 countries, the proposals submitted by Kenya, Madagascar, North Macedonia, Suriname, and Zimbabwe emerged as the strongest, most impactful, and investment-ready to take public.

The investments constitute an ambitious and concerted response by the UN to the challenges of our generation, from health in a world still plagued by the COVID-19 pandemic to youth empowerment to climate change. Under the leadership of UN Resident Coordinators, implementation of these programmes will fuel the UN footprint in the five nations, ushering in a new generation of collaborative action across the UN, Governments, civil society, and private sector investors.

The Ministry of Foreign Affairs, International Business, and International Cooperation (BIBIS) welcomes the cooperation with the SDG Fund and indicates that the opportunity to grow pineapple in a sustainable way and to be able to market it will be usefully utilized. Strengthening the production sector, where the human factor plays an important role is one of the important elements of the Development Plan. And the (3ADI+); Sustainable Pineapple Value Chain Development project is a clear example of making the cooperation more concrete, whereby substance is given to helping achieve specific SDGs. Public Private Partnership is also further fleshed out in this way. -Miriam MacIntosh, Ministry of Foreign Affairs, International Business, and International Cooperation (BIBIS).

This announcement comes less than one year after the Fund launched its first investment of US $41 million in four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay. In 2021, a US $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 portfolio will grow to US $114 million. The portfolio is expected to leverage US $5 billion toward the SDGs across the 10 programmatic countries.

With sincere appreciation for the contributions from the European Union and Governments of Denmark, Germany, Ireland, Luxembourg, Monaco, the Netherlands, Norway, Portugal, Republic of Korea, Spain, Sweden, Swiss Agency for Development and Cooperation and our private sector funding partners, this milestone marks a transformative movement towards achieving the SDGs by 2030.

Recognizing the immense support in the implementation of the UN joint programme initiatives, the Fund is exceedingly grateful for the level of cooperation from, United Nations Capital Development Fund, United Nations Development Programme, United Nations Children's Fund, United Nations Population Fund, International Labour Organization, World Food Programme, Food and Agriculture Organization, International Organization for Migration, United Nations Economic and Social Commission for Asia and the Pacific, International Fund for Agricultural Development, UNAIDS, United Nations Economic Commission for Europe, United Nations Environment Programme, United Nations Educational, Scientific and Cultural Organization, United Nations High Commissioner for Refugees, United Nations Industrial Development Organization, UN Women, World Health Organization, World Meteorological Organization.

About: The UN Joint SDG Fund is a multi-partner trust fund established by the United Nations General Assembly. The Fund supports UN member states by de-risking investments that drive financing solutions to accelerate achievement of the Sustainable Development Goals (SDGs). Our goal is to disburse US$ 1 billion in grants annually in the race to 2030. All programmes share one critical element: their ability to leverage multi-million-dollar grants from the Joint SDG Fund into billions for sustainable development. Learn more: https://www.jointsdgfund.org/