UN Development Programme Istanbul International Center for Private Sector in Development

15 Mar 2011

Role of Private Sector for Development

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 internationallyagreed 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.

The IICPSD, Eminonu Yalikosku Caddesi 16, 34112 Istanbul, Turkey.