UNDP, UNCDF join hands to strengthen Bangladesh’s digital financial ecosystem

In order to achieve the Sustainable Development Goals, the United Nations Development Programme (UNDP) and the United Nations Capital Development Fund (UNCDF) have teamed up to strengthen Bangladesh’s digital financial ecosystem through interventions in policy and regulation, innovation, infrastructure, and skills (SDGs).

According to a joint press release, a2i will implement the partnership’s activities in a strategic way.

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At the UNDP country office in Agrgoan, Dhaka, today, acting Resident Representative Nguyen Thi Ngoc Van of the UNDP and Executive Secretary of the UNCDF Preeti Sinha signed a Memorandum of Understanding alongside a2i’s Project Director (Joint Secretary) Dr. Dewan Muhammad Humayun Kabir, a2i’s Policy Advisor Anir Chowdhury, and Maria Perdomo, the UNCDF

According to the agreement, the organizations will work together and take advantage of UNCDF’s financing tools, including grants, reimbursable grants, loans, and guarantees, to offer seed funds for investments in businesses that traditional investors perceive too small or risky.

They will share information to help build the right tools, solutions, and strategies for capability enhancement that are required to improve the digital and financial literacy of the excluded.

The last mile collaboration will be facilitated and strengthened by this MoU, which will create a framework for non-exclusive cooperation. Since inclusion in the digital age is not a given, the MoU will work more broadly to create an inclusive digital economy so that governments can use digital tools to realize the Sustainable Development Goals (SDGs) by making digital economies inclusive for the least developed countries (LDCs), such as Bangladesh.

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