Inevitable partnership

01 May 2007

The relations between UNDP and private sector become increasingly closer all over the world, as the world population increases...

New Horizons - Every year it has been much more important for UNDP to build partnerships not just with governments but also with non-governmental organizations and multinational enterprises to ensure that the poor are not left behind. Better partnerships bring innovation and new resources and help enhance existing strategies or form new ones. This is why UNDP attaches great importance to encouraging the private sector in building social responsibilities to better cope with the world’s increasing demands. In line with these needs, UNDP even formed a special Division on the Private Sector and Development in recent months. One of the initial activities of this relatively new division was the mission to Istanbul, stronghold of Turkish private sector.

Director of UNDP Private Sector Division of Partnerships Bureau Mr. Christian Thommessen visited Istanbul on April 15-16, 2007 as a part of his mission to the UNDP RBEC region. Accompanied by the UNDP Deputy Resident Representative Ulrika Richardson-Golinski, Mr. Thommessen held meetings with UNDP Turkey’s prospective private sector partners, Turkey Economy Bank (TEB) and Koc Group in order to highlight the reasons of UNDP for working with the private sector and explain the new private sector partnership strategy of UNDP which comprises of the following four steps respectively:

1) Convening, in which UNDP brings together its private sector partners and acts as an umbrella organisation
2) Advocacy, in which UNDP engages the private sector in various types of public policy and advocacy efforts such as the Global Compact platform that prepares the ground for partnership projects. The “Unleashing Entrepreneurship” report published by the Commission on Private Sector and Development also serves as a tool for policy dialogue and advocacy.
3) Corporate Social Responsibility, in which UNDP calls its private sector partners to be more sensitive of ongoing issues in the world such as poverty, famine, climate change etc and encourages them to take social responsibility thus having a share in capacity building
4) Pro-poor Business in which UNDP encourages its private sector partners to work for the benefit of the less developed and less advantaged thus having a share in development.

Thommessen also mentioned UNDP’s newest programme, “Growing Inclusive Markets”, GIM, whereby 15 academic institutions executed a study by reaching out businesses in their areas and prepared 50 business cases in total as a result of this study. Mr. Thommessen emphasized the importance of this initiative taking into consideration the various barriers in front of businesses as well as the need for business models that would create supply for societies in demand, all around the world.

For more information on the Division on the Private Sector please click here.
To read more about the “Growing Sustainable Business” please click here.
To read the “Unleashing Enterpreneurship” report click here.