UNDP and Denmark entered a new multi-year funding agreement that increases Denmark’s core and soft-earmarked contributions to UNDP, amounting to 350 million kroner for 2020.
Predictable and flexible funding enables UNDP to respond with speed and agility to the needs of countries to fulfill its mission to eradicate poverty, reduce inequalities and build resilience in poor countries and vulnerable communities. This is particularly critical at a time when COVID-19 presents an unprecedented humanitarian and development crisis that calls upon all international partners to fight the pandemic, mitigate its consequences and speed up socio-economic recovery.
“Denmark has been with us at the very cutting edge of development, investing in innovation and making UNDP a stronger, more agile organization, and in turn, better equipped to deliver a timely, effective response to the current COVID-19 crisis,” said UNDP Administrator Achim Steiner.
Denmark’s total contribution under the new Partnership Agreement comprises fully flexible core funding together with soft-earmarked contributions to UNDP’s Funding Window for “Governance, Peacebuilding, Crisis and Resilience”, and specific support to UNDP’s Innovation Facility and human resource capacity.
Core and flexible funding from Denmark and other partners bolster institutional effectiveness, strengthens UNDP’s thought leadership, and drive innovation and quality assurance.
Original source: UNDP
Published on 10 June 2020
