The 6th Session of the Conference of the Parties (COP 6) requested that the GM expand the supply side of the UNCCD financing equation, particularly through the mobilization of “new sources of financing such as private capital, foreign direct investment, funding from multilateral institutions, and grants from private foundations” (Decision 5/COP.6).
Subsequently COP 7 requested the GM ”to intensify its interactions with international financial institutions such as[…] the private sector with the aim of increasing financial resources for UNCCD implementation” (Decision 5/5 COP.7).
In response, the GM is exploring new funding opportunities for UNCCD implementation through private corporations and foundations with a view to developing a private sector programme to engage the private sector in UNCCD implementation.
The Programme will explore how the private sector could become more actively engaged in activities that contribute to UNCCD implementation through, inter alia:
The GM anticipates that private sector engagement will contribute to the UNCCD’s objectives, inter alia, by:
The activities foreseen under the Programme include:
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Read about the GM's public-private partnership experiences in East & Southern Africa