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Overview

The United Nations Peace and Development Trust Fund allocates USD $948,307 to develop structural transformations in Belt & Road Initiative countries

Commitments (Constant USD, 2023)$954,278
Commitment Year•2018Country of Activity•Multi-RegionDirect Recipient Country of Incorporation•Multiple JurisdictionsSector•Trade Policies And RegulationsFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (actual)
Nov 1, 2018
End (actual)
Apr 1, 2022

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Funding agencies

Government Agencies

  • Unspecified Chinese Government Institution

Cofinancing agencies

Intergovernmental Organizations

  • United Nations (UN)

Receiving agencies

Government Agencies

  • Government of Ethiopia
  • Government of Indonesia
  • Government of Sri Lanka

Implementing agencies

Intergovernmental Organizations

  • United Nations Conference on Trade and Development (UNCTAD)

Loan description

The United Nations Peace and Development Trust Fund allocates USD $948,307 to develop structural transformations in Belt & Road Initiative countries

Narrative

Full Description

Project narrative

In 2016, the Chinese Government pledged to contribute USD $200 million to the United Nations over a ten year period. The United Nations Peace and Development Trust Fund (UNPDF) was established to channel these earmarked funds to specific projects in coordination with the UN. The UNPDF is divided into two sub-funds: The 2030 Agenda for Sustainable Development Sub-Fund and The Secretary-General's Peace and Security Sub-Fund. Approved in 2018 and implemented between November 2018 and April 2022, USD $948,307 was allocated from the 2030 Agenda for Sustainable Development Sub-Fund to improve investment, trade, finance/debt, and technology development infrastructure in Ethiopia, Indonesia, and Sri Lanka. The United Nations Conference on Trade and Development (UNCTAD) implemented the project, along with collaborating partners UNIDO, UNESCAP, UNECA, UNDP, CIKD, and DRCSC. Based on the understanding of Chinese development framework, the project conducted the dissemination of successful policy experiences of other developing countries to the chosen pilot countries. The project also benefited the countries of South Africa, Malaysia and Pakistan. The project organized 5 global conferences in 2019 and 2022 and 9 webinars from 2020-2022, reaching over 200 participants. The project also established the UNCTAD BRI Platform.

Staff comments

1. The UNPDF reference number for this project is PDF-SDG-2018-08. 2. The commitment date, implementation start date, and completion date are estimated based upon the project's year of approval and duration.