Italy to UNDP Executive Board, “extraordinary efforts are needed from all actors”

NEW YORK, AUGUST 30 – At today’s UNDP Board-Dialogue with Administrator Achim Steiner Italy’s Deputy Permanent Representative Stefano Stefanile said that “to overcome multidimensional crises, extraordinary efforts and mobilization of funds are needed by all actors. We need committed Governments, United Nations, international financial institutions, the private sector, civil society working all together”. In 2002 Italy increased substantially its core contributions to the agency.

The meeting closed the second regular session of the UNDP/UNFPA/UNOPS Executive Board for 2022. “Finance is core to UNDP’s 2022-2025 Strategic Plan. We have set an ambitious but reachable goal of aligning $1 trillion with the Sustainable Development Goals (SDGs), coming from governments, United Nations entities, the international financial institutions and private firms. This is in line with a 2021 performance evaluation that called on us to play a strong and strategic role in influencing development finance policies”, said Steiner.

Under UNDP’s future smart Strategic Plan, the agency will offer increasingly sophisticated and innovative expertise on development finance. “All our solutions are grounded in our principles and role as a multilateral organization that is widely trusted and owned by all. Our vision is to transform local and global financing choices so they work for people and the planet at large, not just for a few people or select places. We are doing this by finding pressure points that trigger shifts in systems of development finance, public and private. These pressure points include those that propel a move from the ‘pursuit of profits’ to ‘profits with purpose’, said the Administrator. (@OnuItalia)