ADFIAP, UNIDO explore synergy on inclusive & sustainable industrial development

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unidoADFIAP and the Vienna-based United Nations Industrial Development Organization (UNIDO) have started discussions on potential cooperation and synergistic exchanges between the two institutions in line with the U.N. body’s new vision of inclusive and sustainable industrial development, as enshrined in UNIDO’s landmark Lima Declaration adopted by the Organization’s Member States on December 2, 2013.

Among other strategic directions, UNIDO is keen to reach out and re-engage with development finance institutions (DFIs) – multilateral, bilateral and national – to achieve the vision in terms of partnerships in capacity-building programs and investment opportunities, particularly in enhancing access to finance for small and medium industries.

Specifically, the proposed ADFIAP-UNIDO capacity building partnership may cover the organization of joint regional conferences, national roundtables and training events, all geared towards promoting and advancing national industrialization initiatives that are economically-viable, environmentally-responsible and socially-equitable. Both institutions are currently drawing up a set of tangible projects that could be implemented in 2015, aiming at subsequently firming up their cooperation partnership.

UNIDO is the specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization and environmental sustainability. UNIDO’s mandate is to promote and accelerate inclusive and sustainable industrial development in developing countries and economies in transition.

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