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Overview

The United Nations Peace and Development Trust Fund allocates USD $1,119,311 to bolster investments in Ethiopia

Commitments (Constant USD, 2023)$1,126,359
Commitment Year•2018Country of Activity•EthiopiaDirect Recipient Country of Incorporation•EthiopiaSector•Banking And Financial ServicesFlow Type•Grant

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2018
Start (actual)
Jan 1, 2019
End (actual)
Jun 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

Implementing agencies

Intergovernmental Organizations

  • United Nations Development Programme (UNDP)

Loan description

The United Nations Peace and Development Trust Fund allocates USD $1,119,311 to bolster investments in Ethiopia

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 January 2019 and June 2022, USD $1,119,311 was allocated from the 2030 Agenda for Sustainable Development Sub-Fund to strengthen the institutional frameworks and capacity building to improve the overall investment climate in Ethiopia as the pilot country. The goal of the project was to promote local institutions, mindful of local needs and development priorities. The project enhanced knowledge and information exchange on BRI related investments. The United Nations Development Programme (UNDP) implemented the project in collaboration with national authorities and the private sectors of China and Ethiopia. As part of the initiative, the UNDP organized training programs in Beijing and Shenzhen, China. Training included awareness on the environmental, social, and governance (ESG) approach and promoted China's best practices in sustainable investment. 28 participants attended the training sessions.

Staff comments

1. The UNPDF reference number for this project is PDF-SDG-2018-10. 2. The commitment date, implementation start date, and completion date are estimated based upon the project's year of approval and duration.