Islamabad, 9 March 2024 (TDI): The United Nations Development Program (UNDP) in Pakistan, represented by Resident Representative Samuel Rizk, has forged a strategic partnership with JSB LPak, aiming to catalyze investments from the private sector in projects aligned with the Sustainable Development Goals (SDGs) and climate resilience.
The Memorandum of Understanding (MoU) underscores a shared commitment to fostering inclusive growth and advancing gender equality, particularly in the context of International Women’s Day 2024.
Under the MoU signed between UNDP Pakistan and JSB LPak, both organizations pledge to collaborate closely to identify and pursue opportunities for private sector investments in SDGs-aligned initiatives.
This partnership signifies a significant step towards leveraging the resources and expertise of the private sector to drive sustainable development and address pressing challenges such as poverty, inequality, and climate change.
Women Empowerment & Harnessing Private Sector
In alignment with the theme of International Women’s Day 2024, “Invest In Women”, the collaboration between UNDP Pakistan and JSB LPak places a strong emphasis on advancing women-centric initiatives and promoting gender equality.
By prioritizing investments in projects that empower women economically, socially, and politically.
Additionally, the partnership seeks to amplify the positive impact of development interventions on women and girls across Pakistan.
Furthermore, the MoU between UNDP Pakistan and JSB LPak also underscored a commitment to promoting climate resilience through innovative solutions and investments.
By mobilizing private sector resources and expertise, the partnership aims to support the implementation of climate-resilient projects and initiatives that enhance the adaptive capacity of vulnerable communities.
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Moreover, UNDP Pakistan and JSB LPak will explore opportunities to develop inclusive insurance solutions tailored to the needs of vulnerable populations, including women, smallholder farmers, and marginalized communities.
By expanding access to insurance services, particularly in rural and underserved areas.
The partnership aims to enhance resilience to climate-related shocks and strengthen social protection mechanisms.
UNDP Pakistan and JSB LPak
UNDP Pakistan is the leading United Nations organization working to promote sustainable development and eradicate poverty in Pakistan.
With a focus on empowering communities and building resilience, UNDP partners with governments, civil society, and the private sector to advance the SDGs and promote inclusive growth.
On the other hand, JSB LPak is a leading financial institution committed to driving sustainable development and creating positive social impact in Pakistan.
Through its innovative financial products and services, JSB LPak aims to foster inclusive growth, promote entrepreneurship, and support the achievement of national development goals.
The partnership between UNDP Pakistan and JSB LPak represents a powerful alliance in the pursuit of sustainable development and gender equality.
By harnessing the resources, expertise, and innovative potential of the private sector, the collaboration seeks to accelerate progress towards the SDGs and create lasting positive change for the people of Pakistan.
