New York, 15 February 2022 (TDI): The United Nations Joint SDG Fund announced on Monday that it will provide $54.5 million in funding to projects in five countries. Thus, the Sustainable Development Goals (SDGs) can be put back on track.

According to Hiro Mizuno, Special Envoy of the United Nations on Innovative Finance and Sustainable Investment, the fund is well-positioned to bridge the gap between charitable giving and impact investing.

It accomplishes this by putting the power of market forces to work in the interests of businesses, communities, and self-sufficiency. In a news release, the Fund stated that health in a world still affected by COVID-19, youth empowerment, and climate change are all modern-day challenges that must be addressed.

According to the company, these investments will assist in resolving these problems. The most promising and ready-to-invest in concepts from more than 100 different countries were selected. Among many other countries, they hailed from Kenya, Madagascar, North Macedonia, Suriname, and Zimbabwe.

UN Special Envoy Resident Coordinators will be in charge of the fund, which could help bridge the gap between philanthropic giving and impact investing in poor countries.

With investment programs, the United Nations will have a stronger presence in the five countries. As a result, the United Nations, governments, civil society, and businesses in the region will be able to collaborate on a new level.

The development impact bond has made investments that promote healthy sexual and reproductive habits as well as HIV prevention in Kenya.

In a number of ways, the government of Madagascar wants to help fund renewable energy projects and make sure more people have access to cheap, long-term energy. One way is to set up a sovereign wealth fund.

North Macedonia recently established a Green Financing Facility that will help people who cannot afford to switch to renewable and efficient energy sources access the funding they need to do so in the future.

This is how it works: An innovative guarantee facility is being used in Suriname to help build a long-term value chain for pineapples. A business incubator and the help of a farmer-owned cooperative are also being used to do this.

Zimbabwe plans to set up a fund that will assist women and young people in getting more involved in the country’s renewable energy system and infrastructure development.

Almost a year ago, the Fund made its first investments in four programs aimed at changing the world in Fiji, Indonesia, Malawi, and Uruguay for a total of $41 million.

Adding these new programs will bring the Joint SDG Fund’s catalytic investments to more than $114 million, making them even more important. The portfolio is expected to contribute a total of $5 billion to the Sustainable Development Goals of the United Nations by the end of 2018.

The portfolio has already made a significant difference, even though it has only been in place for a few months. When it came to Indonesia, it collaborated with Mandiri Capital to issue Southeast Asia’s first sovereign SDG bond and establish the Indonesia Impact Fund, both of which are valued at $584 million.

A low-interest loan has also been given to a company that protects the sea. A pipeline to move waste and organic fertilizers has been built underground.

The Joint SDG Fund also wants to work with partners and funders to get more money for projects in Barbados, Ghana, and Rwanda that have worked well there. You may be eligible to use the UN Joint SDG Fund, which was established by the General Assembly and is a multi-partner trust fund that helps member countries achieve sustainable development goals by lowering investment risks.

By 2030, this fund plans to distribute one billion dollars in grants. Our goal is to turn the Joint SDG Fund’s multimillion-dollar grants into millions of dollars for sustainable development.