What will the new center do?

01 Apr 2011

image

International Center for Private Sector in Development in Istanbul, which was inaugurated by Ms. Helen Clark, the United Nations Development Programme (UNDP) Administrator, aims to encourage the private sector to take a greater role in anti-poverty efforts and create more jobs.

Role of Private Sector for Development

New Horizons - An active engagement of the private sector is critical for the much needed acceleration in the progress for the achievement of the Millennium Development Goals (MDGs) and other internationally agreed development commitments. Through its core business activities, inclusive market practices and above all on-going corporate social responsibility activities, the private sector has proved its pivotal role in ensuring sustainable development and contributing to job creation, growth and expanded access to products and services.

It is in this context, the Government of Turkey and the United Nations development Programme (UNDP) agreed to establish the Istanbul International Center for Private Sector in Development.

Objectives of the IICPSD

The UNDP Istanbul International Center for Private Sector in Development (IICPSD) builds on Turkey’s convening power and dynamic private sector as well as UNDP’s global mandate to engage the Private Sector constructively in supporting global and local efforts to address development challenges. The IICPSD will have the following objectives:

1) Support the development of inclusive and competitive markets and inclusive business models that engage poor people into value chains as producers, employees, consumers and entrepreneurs, with the end goal of economic development.

2) Foster private sector engagement and advocacy with for example, the UN system for achievement of MDG targets (especially on focus sectors like health, agriculture, education, housing and water and themes like youth, gender, environment) and other internationally agreed development goals (e.g. climate change);

3) Become a center of excellence in terms of capacity development activities that harness Trilateral Development Cooperation and South-South partnership, and promotes skill-building, access to enterprise-related finance, entrepreneurship and assistance to enabling actors;

4) Convene business and supporting actors to expand dialogue and create actionable partnerships between themselves, in support of a development agenda.

Strategy

The objectives will be achieved as a one stop shop service delivery center through research, policy advisory and advocacy, knowledge development and management, MDGs-based partnerships, programme support and capacity development.