Tag Archives: finance

Businesses to play greater role in new development era in Asia-Pacific, says UNDP at Responsible Business Forum

UNDP, Global Initiatives, 600 business leaders and government officials start work on a new coalition for sustainable development

23 November 2016, Singapore – At the fifth Responsible Business Forum, United Nations Development Programme (UNDP) today called on business leaders to take a greater role in the new development era in order to support the achievement of the Sustainable Development Goals (SDGs).

This Forum, opened in Singapore by UNDP and Global Initiatives, aims to address a sea change in the nature of development funding by creating a new partnership for sustainable development. Domestic public and private finance accounts for 89 percent of all financial flows in Asia-Pacific, according to a UNDP report launched last month. While foreign funding (Official Development Assistance) is still essential for the development system, it now accounts for 0.7 percent of totalfinancial flows in Asia-Pacific (down from 13.5 % in 1990).

UN and Private Sector to Create New Partnership Platform to Generate Financing Solutions for the SDGs

3f629a68-8a54-43b3-a537-789a67264dfa

New York, 10 October –United Nations Secretary-General Ban Ki-moon announced today the launch of a new platform for scaling up innovative finance solutions to support the achievement of the Sustainable Development Goals by 2030 at a meeting with high-level officials from Ministries of finance and foreign affairs, together with leaders from major global financial institutions

The Secretary-General, in an address to the high-level finance gathering, said, “This global initiative can support the identification and piloting of innovative finance instruments that can drive investment and support well thought-out SDG interventions”.

 

New Report Identifies Strategies to Finance the SDGs and Climate Action

UNITED NATIONS, New York, 21 September 2016 – Strategies to shift capital towards investments that generate climate action and sustainable development were discussed at the United Nations today at a high-level event to discuss a new report titled “Links in the Chain of Sustainable Finance: Accelerating Private Investments for the SDGs, including Climate Action.”

The high-level event was opened by the President of the UN General Assembly H.E. Peter Thomson and chaired by his predecessor H.E. Mogens Lykketoft.

Discussions were centred around the report, commissioned by President of the 70th Session of the UN General Assembly, Mr Lykketoft, and written by Brookings Institution scholars Homi Karas and John McArthur. Similar reports from UNEP and from the New Climate Economy were also discussed.

SE4All Advisory Board’s Finance Committee Report on Scaling Up Finance for Sustainable Energy Investments

Energy has become the central theme in discussions on alleviating poverty, promoting economic development and improving quality of life of people. The ambitious goals that the international community is setting to achieve sustainable development and address climate change require creative collaborations and finding new and innovative solutions. Continue reading

UN Young Professionals Programme 2015 open for nationals of countries including New Zealand, Samoa, Tuvalu, Vanuatu

In 2015 the United Nations is looking for highly qualified candidates in the fields of Administration, Finance, Statistics, Public Information, Public Information, Social Affairs, and Legal Affairs who are ready to launch a professional career as an international civil servant. The young professionals programme (YPP) is a recruitment initiative that brings new talent to the United Nations through an annual entrance examination. Continue reading

UNEP FI launches the Online Guide to Banking and Sustainability

The United Nations Environment Programme Finance Initiative has launched the Online Guide to Banking & Sustainability. It is a tool to help bank employees actively integrate ESG issues into their work by learning from best practice case studies and is quickly becoming a global reference for banking institutions.  Continue reading

Courage needed to reform global credit rating system

General Assembly President Vuk Jeremic. UN Photo/Evan SchneiderThe steps needed to redress failures that led to the world economic crisis will require courage to conceive meaningful reform to the system of global economic governance, the president of the General Assembly President said today during the world body’s first-ever meeting on the global credit rating system. “I believe the United Nations could play a role Continue reading

UN’s overall financial situation is ‘positive’

UN's overall financial situation 'positive,' top management official reportsThe current financial picture of the United Nations is positive, a top official reported today, adding that the Organization still needs to keep a close eye on its assets. “In 2012 the financial situation was healthy, thanks to the very positive efforts of Member States,” the Under-Secretary-General for Management, Yukio Takasu, Continue reading