{"id":11962,"date":"2022-02-15T07:43:58","date_gmt":"2022-02-15T07:43:58","guid":{"rendered":"https:\/\/www.withinnigeria.com\/broadnews\/?p=11962"},"modified":"2022-02-15T07:43:58","modified_gmt":"2022-02-15T07:43:58","slug":"un-announces-additional-54-5m-for-5-countries-to-implement-sdgs","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/15\/un-announces-additional-54-5m-for-5-countries-to-implement-sdgs\/","title":{"rendered":"UN announces additional $54.5m for 5 countries to implement SDGs"},"content":{"rendered":"

The\u202fUN<\/a>\u202fJoint Sustainable Development Goals (SDGs)<\/a> Fund\u202fon Monday announced\u202fan additional \u00a0$54.5 million \u202fin\u202finvestments for projects across five countries to put the SDGs back on track.<\/p>\n

UN, in a statement, stated that Kenya, Madagascar, North Macedonia, Suriname and Zimbabwe\u202fwere selected from proposals submitted by more than 100 countries, as being the most impactful and investment-ready to take public.<\/p>\n

\u201cThe Fund is in a position to bridge the gap in giving and impact investing, \u201cHiro Mizuno, UN Special Envoy on Innovative Finance and Sustainable Investments said.”<\/p>\n

According to Mizuno, the fund offers a sustainable investment model by leveraging the power of markets to accelerate businesses, empower communities, and provide a clear path to self-sufficiency.<\/p>\n

From health\u202fin a world still plagued by the COVID-19 pandemic<\/a> to\u202fyouth empowerment and climate change, the investments will respond to the challenges of our time.<\/p>\n

Under the leadership of UN Resident Coordinators, the implementation of investment programmes will fuel the UN footprint in the five nations, ushering in a new generation of collaborative action by the UN, government, civil society, and private sector investors.<\/p>\n

Through a development impact bond, the investments include a platform that encourages healthy sexual and reproductive habits and\u202fHIV\u202fprevention in Kenya.<\/p>\n

Madagascar will use a variety of financial instruments, including a newly established sovereign fund,\u202fto finance\u202frenewable energy projects, and expand access to affordable, sustainable energy.<\/p>\n

North Macedonia\u2019s newly created Green Financing Facility will help finance a transition to renewable and efficient energy for underserved households and businesses.<\/p>\n

Meanwhile, Suriname will implement an innovative guarantee facility to ease access to credit, a business incubator, and a farmer-owned cooperative, to develop a sustainable and resilient value chain for the country\u2019s pineapple industry.<\/p>\n

With a focus on empowering women and youth participation, Zimbabwe is set to launch a renewable energy fund to initiate the development of the country\u2019s renewable energy system and infrastructure.<\/p>\n

This announcement comes less than a year after the fund\u202flaunched its first investment of $41 million dollars\u202fin four transformative programmes in Fiji, Indonesia, Malawi, and Uruguay.<\/p>\n

In 2021, a $17.9 million programme in Papua New Guinea was added, and with the addition of these five new programmes, the Joint SDG Fund\u2019s Catalytic Investment portfolio will grow to $114 million.<\/p>\n

The portfolio is expected to leverage five billion toward the SDGs across the 10 countries involved.<\/p>\n

Although the Catalytic Investment Portfolio has been in place for less than a year, it has already achieved\u202fmeaningful results.<\/p>\n

In Indonesia, it supported a $584 million launch of the first sovereign SDG bond in South-East Asia and the creation of the Indonesia Impact Fund in partnership with\u202fMandiri\u202fCapital.<\/p>\n

Fiji\u2019s programme has\u202fsupported sustainable businesses for its vital marine environment, including concessional financing toward\u202fa marine conservation company and a pipeline to\u202fprovide\u202fservice to waste management and organic fertilisers.<\/p>\n

The Joint SDG Fund is also committed to working with partners and donors to mobilise additional resources to finance successful proposals submitted by Barbados, Ghana, and Rwanda.<\/p>\n

Established\u202fby the General Assembly, the UN Joint SDG Fund is a multi-partner trust fund\u202fthat supports the Member States by lowering investment risks that accelerate reaching SDGs.<\/p>\n

In the race to 2030, it aims to disburse one billion dollars in grants annually, with the common thread among all\u202fprogrammes, to leverage\u202fmulti-million-dollar grants awarded by the Joint SDG Fund into billions for sustainable development.<\/p>\n","protected":false},"excerpt":{"rendered":"

The\u202fUN\u202fJoint Sustainable Development Goals (SDGs) Fund\u202fon Monday announced\u202fan additional \u00a0$54.5 million \u202fin\u202finvestments for projects across five countries to put the SDGs back on track. UN, in a statement, stated that Kenya, Madagascar, North Macedonia, Suriname and Zimbabwe\u202fwere selected from proposals submitted by more than 100 countries, as being the most impactful and investment-ready to take […]<\/p>\n","protected":false},"author":32,"featured_media":11969,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[238],"tags":[78,3172,1067],"class_list":["post-11962","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-foreign","tag-covid-19","tag-sustainable-development-goals-sdgs","tag-united-nation"],"yoast_head":"\nUN announces additional $54.5m for 5 countries to implement SDGs » BROAD NEWS \u2014 WITHIN NIGERIA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/broadnews\/2022\/02\/15\/un-announces-additional-54-5m-for-5-countries-to-implement-sdgs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"UN announces additional $54.5m for 5 countries to implement SDGs\" \/>\n<meta property=\"og:description\" content=\"The\u202fUN\u202fJoint Sustainable Development Goals (SDGs) Fund\u202fon Monday announced\u202fan additional \u00a0$54.5 million \u202fin\u202finvestments for projects across five countries to put the SDGs back on track. 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