The Role of the Private Sector in Sustainable Development

01 Mar 2013

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The International Center for Private Sector in Development held an inaugural meeting of its Executive Council at the end of February.

New Horizons - The meeting brought together senior UNDP official and other UNDP staff as well as representatives from Turkey’s Ministry of Foreign Affairs, Ministry of Development, the Turkish International Cooperation and Coordination Agency (TİKA), and the Turkish Union of Chambers and Commodity Exchanges.

In March 2011, the United Nations Development Programme officially partnered with the Government of Turkey to establish the Istanbul International Centre for Private Sector in Development, focused on advocacy, knowledge sharing and research.

The Centre is managed by UNDP, the UN’s development agency, and works closely with Turkish government, private sector organizations and academia.

“Turkey’s role in international development cooperation reflects the country’s commitment to support efforts to accelerate progress towards the achievement of the MDGs. Its distinct experience also inspires other countries as they seek to learn from Turkey’’ said UN Assistant Secretary General and UNDP Assistant Administrator Sigrid Kaag, who co-chairs the Executive Council. “The establishment of the Centre for the Private Sector in Development in Istanbul demonstrates the country's engagement and commitment to advance knowledge and share good practice on the role of the private sector in inclusive development.”

Other Executive Council members included co-chair H.E. Ambassador Mithat Rende, Director General of Multilateral Economic Affairs in the Ministry of Foreign Affairs; Ministry of Development Deputy Undersecretary M. Cüneyd Düzyol; and Dr. Serdar Çam, President of the Turkish International Cooperation and Coordination Agency (TİKA).

The Centre works on finding innovative solutions to development challenges by tapping into the expertise offered by the private sector. It places a special emphasis on how business can help strengthen markets in least developed countries (LDCs).

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