The United Nations Development Programme announced new initiatives to attract investment and create jobs in developing countries facing multiple crises and declining aid. UNDP is increasing ...
UN development agency teams up with World Bank, others as funds grow scarce
UNDP is expanding partnerships to boost jobs and investment as developing nations face economic pressures and a widening jobs gap.
AA Astro Awani 
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- BANGKOK: The United Nations Development Programme on Tuesday announced new initiatives to help attract investors and jobs to developing countries, which are being rocked by crises outside their control amid a sharp drop in official development aid.
- UNDP Administrator Alexander De Croo said the agency was increasing its cooperation with the World Bank, and forging new ties to the European Bank for Reconstruction and Development, the European Investment Bank, other financial institutions and private investors, to advance the investment and jobs agenda.
- Developing countries needed to undertake reforms to improve governance, improve the rule of law and boost domestic revenues, but progress on that front had been slowed by a series of crises since the COVID pandemic, De Croo told Reuters.
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