UN pledges $1.2bn for Bangladesh to help achieve SDGs
The United Nations System in Bangladesh on Thursday signed an agreement with the government pledging $ 1.2 billion for the next four years.
This agreement is generally prepared for five years. However, this time it is designed for four years to align with the government's development plan. The next agreement again will be for five years, BSS reports quoting a UN press release.
UN Resident Coordinator in Bangladesh Robert D. Watkins and Senior Secretary of Economic Relations Division Mohammad Mejbahuddin signed the agreement on behalf of their respective sides.
The agreement, known as the United Nations Development Assistance Framework (UNDAF) 2017 - 2020, reaffirms the UN stance on promoting progress that influences people centric development, especially for those who are the most vulnerable; protection and sustainable management of environment as well as combating the impacts of climate change; and economic and social prosperity that is inclusive to all people of Bangladesh.
"The UNDAF represents the commitment of the UN System to assist the Government of Bangladesh in achieving its national development priorities presented in the 7th Five Year Plan, 2021 Vision, and the Sustainable Development Goals", said UN Resident Coordinator in Bangladesh Robert D. Watkins in his remarks at the signing ceremony.
He said the new UNDAF is also strategically planned to carry forward the legacy of the achievements of the MDGs.
Speaking on the occasion, Senior Secretary of Economic Relations Division Mohammad Mejbahuddin welcomed UN's continued contribution in enhancing development of Bangladesh through technical and programmatic support.
He said that an early approach in designing joint plan of actions will be productive for timely implementation of the Framework and disbursement of the funds.
The UNDAF facilitates partnerships among UN System's agencies, drawing on their comparative advantages, to support national development priorities. It further advances the UN System's long history of aligning its support to the national development priorities with an added emphasis on coherence and coordination.
The UN System will implement the new UNDAF through the provision of policy and advocacy, capacity development, technical assistance and facilitation of partnership building. Central to this approach will be a horizontal and vertical whole-of-government approach that interacts with the UN's quality assurance system for programming around the normative agenda.
The UN System refers to all UN funds and programmes, specialized agencies and other UN entities, including the non-resident UN agencies working in Bangladesh.
Ends/thereport24.com/S/Nov 03, 2016