The United Nations Development Programme (UNDP) and the Dhaka Chamber of Commerce and Industry (DCCI) will jointly create a platform under a project to collect data on the current impact of private sector on sustainable development.
Both the UNDP and DCCI will use the data to design new initiatives that simultaneously meet Bangladesh's development priorities and corporate goals, reports BSS. Country Director of UNDP Bangladesh Sudipto Mukerjee and President of DCCI Abul Kasem Khan signed a Memorandum of Understanding (MOU) in Dhaka on Tuesday to launch the project, said a press release. The signing of this agreement signals a new era of cooperation between UNDP and private sector companies. This new direction is already producing tangible results through the work of the Innovation Hub, an alternative partnership model for private sector engagement launched in 2017 by UNDP and the United Nations Volunteers (UNV) Programme.
The project of Public Private Innovation will feature a Data Analytics Hub which will quantify private sector contributions to Bangladesh's social, economic and environmental development. The 2017 pilot will be funded by the UNDP Bangkok Regional Bureau for Asia-Pacific. The centre will also contain a Research and Development (R&D) Hub to encourage sustainable and profitable use of locally sourced products.