UNDP Sustainable Finance Hub

Yesterday, we kicked off the Inclusive Insurance Certification Programme under the UNDP IRFF initiative, focusing on addressing the need for better risk management and financial protection in developing countries like Tanzania. Participants explored inclusive insurance concepts and their connection to the SDGs. Hosting our second cohort reflects increasing demand for these solutions as we work toward insuring 50% of Tanzania’s population by 2030. Emmanuel Nnko, Portfolio Lead for SDG Finance & Investment, encouraged trainees to engage fully and apply innovative solutions to bridge the insurance protection gap in Tanzania.

📢🇩🇯 #Djibouti is making strides toward the #SDGs through its five-year national development plans. Despite experiencing robust growth over the past decade, recent trends show a decline, with growth at 3.6% in 2022. #Tax revenues have significantly dropped, highlighting a pressing fiscal gap as of mid-2022. In response to this challenge, the Government of Djibouti, including the Ministry of Budget and the Directorate General of Taxation (DGI), has sought assistance from the UNDP #Tax4SDGs Initiative. The initiative is currently hosting a capacity-building training for government officials, featuring experts Sabrine Marsit, Mamadou Saliou bah, and Rachel Beach, Ph.D. They are covering the fundamentals of #tax treaties, emphasizing both United Nations and OECD - OCDE models, along with other regional frameworks. This training aims to equip participants with the knowledge needed to develop effective tax conventions that promote economic development and trade while minimizing revenue losses for the country. Upon completion of this training, the #Tax4SDGs Initiative will proceed with another mission dedicated to developing tax treaty models.

📢🇪🇬 UNDP #Tax4SDGs has successfully completed a 5-day capacity-building training on auditing State-Owned Entities (SOEs) in #Egypt!   This #tax audit training was designed in response to recent legislative amendments that ended tax exemptions previously enjoyed by SOEs, marking a first step toward achieving “tax neutrality.” It is part of broader efforts to ensure “competitive neutrality” between public and private sectors, as outlined in Egypt's State-Ownership Policy Document (SOPD). The SOPD aims to create a more private sector-friendly investment environment, encouraging greater private sector involvement in supporting Egypt's economic growth.   The training was attended by 26 Egyptian Tax Authority auditors from 12 governorates and tax offices. Looking ahead, UNDP Egypt #Tax4SDGs and the Egyptian Tax Authority have planned an advanced training session for December 2024 to further strengthen auditing capacity.   The opening session was led by Dr. Rasha Abdelaal, Head of the Egyptian Tax Authority; Ghimar Deeb, UNDP Egypt Deputy Resident Representative; Reham Youssef, Head of Policy and Partnerships; and Aya Fasih, National Tax for SDGs Coordinator.

🌏 Participants from 15 regulatory jurisdictions in the Asia and Pacific region met on 20 September for a roundtable on how actuarial* expertise can contribute to effective supervisory processes. The UNDP-Milliman GAIN Regulatory Roundtable was held in Malaysia. It explored how different supervisory philosophies, insurance market landscapes and levels of development of the actuarial profession within and outside of the jurisdictions have influence on the regulatory roles of actuaries. Participants also shared their experiences on the evolution of their regulatory regimes and how they are supporting insurers to enhance actuarial capability within the industry. 🤝 It was an opportunity for peer-to-peer learning, with regulators attending in-person and virtually from Cambodia, Indonesia, India, Kazakhstan, Malaysia, Labuan, Macao, Maldives, New Zealand, Oman, Philippines, Singapore, Solomon Islands, Sri Lanka and Nepal. The roundtable was delivered with Access to Insurance Initiative (A2ii), International Actuarial Association, and The ASEAN Insurance Training and Research Institute (AITRI). ➡ Learn more about the event: https://lnkd.in/eQ_vfvb5 #financialresilience Queenie Chow I Jeremy Engdahl-Johnson I Prechhya M. I Leila Eltouny I Bizhigit Sagidolla I Victoria Vuyeqaba I Shyamalie Attanayake I Ram Koju-MBA , Fellow in Insurance I Diana Almoro I Saurabh Sharma I Miguel Solana *The actuarial profession uses mathematics and statistics to measure risk.

As part of the Inclusive Insurance and Risk Financing project, the United Nations Development Programme (UNDP) organised a workshop on “Accelerating Development in Jordan Through Inclusive Insurance and Risk Financing: Policy Summary, Measuring Impact of Outreach Campaign and Key Insights”, which was aimed at advancing risk financing and resilience across Jordan. ضمن نشاطات مشروع الاشتمال التأميني وتمويل المخاطر، أطلق برنامج الأمم المتحدة الإنمائي في الأردن بالتعاون مع وزارة الزراعة ورشة عمل حول "تسريع التنمية في الأردن من خلال الاشتمال التأميني وتمويل المخاطر: ملخص السياسات، وقياس تأثير حملة التوعية والرؤى الأساسية". وتعكس هذه الورشة التزام برنامج الأمم المتحدة الإنمائي بدعم الجهود المبذولة لتعزيز القدرات المحلية والإقليمية في مجال الاشتمال التأميني، والمساهمة في بناء مجتمعات أكثر مرونة واستدامة. UNDP UNDP in the Arab States region

#Tax4SDGs is in #Kenya this week to explore the alignment of fiscal policies with the #SDGs through the SDG Taxation Framework (STF) Diagnostics. Kenyan government officials engaged in the #STF workshop, deepening their understanding of the vital role that tax policy and administration play in achieving the SDGs. They explored how the STF can be effectively leveraged to advance these goals, specifically focusing on SDG 5 (#GenderEquality), SDG 9 (Industry & Infrastructure), SDG 10 (Reduced #Inequality), SDG 13 (#ClimateAction), and SDG 17 (Domestic Resource Mobilization & Partnerships).   Discussions were led by a team of experts, including Mtwalo Msoni, Amna Khalifa, Fatou Leigh, Benson Kimani, Wangui Wanyiri, Caroline Othim, Micah Gaalya, Dr. Tatiana Falcão, and Natalia Pushkareva.

🌍🚀 UNDP's Private Finance for the SDGs and the Centre for Impact Investing and Practices (CIIP) are thrilled to announce the SDG Venture Scaler — a new initiative to drive private investment into sustainable development in Southeast Asia. This programme will support 30 growth-stage enterprises in #Indonesia, the #Philippines, and #Vietnam, with a focus on climate action, education, and health care. Selected ventures will receive business advisory services, investment matchmaking, and training to measure their impact on both people and the planet. 🌱💼 Key highlights: 🔹 Access to SDG Investor Platform for market intelligence 🔹 Tailored business and impact advisory 🔹 Forums in Jakarta and Makati City to explore investment opportunities Applications are open until 1 December! Join us in mobilizing private capital to accelerate sustainable development. 💡 Learn more about SDG Venture Scaler and find how to apply: https://lnkd.in/d9B7KfTK #SDGs #PrivateFinance #SustainableDevelopment #ImpactInvestment

📢Tax Inspectors Without Borders (TIWB), a joint UNDP and OECD - OCDE initiative, has launched a new programme in #Armenia, in collaboration with Italy's Agenzia delle Entrate. The programme aims to support the implementation of new domestic legislation on Advance Pricing Agreements (APA) and strengthen the capacity of Armenian tax officials. This marks the fourth programme TIWB has launched in Armenia. It will enhance the ability of the State Revenue Committee of Armenia to effectively evaluate and negotiate APAs with taxpayers, applying specific transfer pricing (TP) methodologies to reach appropriate and agreed TP outcomes for the APA period.

During my mission to Switzerland, I was happy to meet Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, and Jan Kellett, Special Advisor and Head of the UNDP Insurance Risk Finance Facility. We explored how we can provide risk financing and insurance for small and medium-sized enterprises in Asia and the Pacific.   We look forward to working with UNDP to advance our joint efforts for climate resilience and providing access to affordable risk and health insurance in the region. Juan-Pablo M.

🍂 Read our latest #FinancialResilience newsletter and help UNDP promote a culture of risk awareness, risk reduction and resilience this International Day for Disaster Risk Reduction #DRRday 👉 https://lnkd.in/e-xJmBgW Here's a sneak peek of what you'll find inside: 🔎 #UNGA79 and Climate Week NYC: Key takeaways from discussions dominated by uncertainty as a key driver of an unsustainable world and insurance increasingly the solution 🚀 Joint UNDP-Generali Global Corporate & Commercial report, in collaboration with the Insurance Development Forum, on how parametric insurance can help close the financial protection gap + 7️⃣ case parametric insurance studies from Generali, Descartes Underwriting, African Risk Capacity (ARC) Group, WTW, Blue Marble, Swiss Re 🌍 New Country Diagnostics with data and analysis on key risks and insurance landscapes in partnership with PNUD COMORES, PNUD Moçambique, UNDP Pakistan and PNUD Ecuador ✍🏻 Read and give us your feedback on UNDP’s new financial resilience narrative exploring the evolving context of rising risk and weak financial protection alongside critical trends such stressed insurance markets and increasingly interconnected global value chains + much more news, insights as well as upcoming events to join us at! 📰 Jan Kellett Lauren Carter Shamiso Ruzvidzo Miguel Solana Emanuele Moretti Xinyue Cui Kamilla Adgamova Noran Saied Omar El Fakharany Marcelo Adrián Borré Rosa Vélez Enock Sing'oei Dr. Masnat Al- Hiary Diana C. González M. Amina Sammo, Ph.D Jorge Moreira da Silva Nurmukhammad Akmalov Sana Ehsan Alin Valenzuela Loïc Martel