United Nations Development Programme (UNDP) and the Dhaka Chamber of Commerce and Industry (DCCI) yesterday signed a memorandum of understanding to launch a project on increasing private sector involvement in development initiatives.
UNDP Bangladesh's Country Director Sudipto Mukerjee and DCCI President Abul Kasem Khan signed the documents at a programme.
Leaders of the two organisatiopns said the deal will help them create a platform to collect data on the current impact of the private sector on sustainable development.
Together, UNDP and DCCI will use the data to design new initiatives that simultaneously meet Bangladesh's development priorities and corporate goals, they said.
"We view this new partnership as a crucial tool for our members to maximise their corporate goals while also contributing to the development of Bangladesh,” Khan of DCCI said. The project on 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 hub to encourage sustainable and profitable use of locally sourced products.
“We know that 80 percent of all development resources come from private sector in the form of employment, research and technological innovation. This is not going to be any different for Agenda 2030, but we will collect data more systematically to track the progress,” Mukerjee said.