Istanbul International Center for Private Sector in Development (IICPSD)
The Center supports the private sector and foundations to become transformative partners in development through research, advocacy for inclusive business, facilitation of public-private dialogue and brokering partnerships. IICPSD, established in 2011 in partnership with the Government of Turkey, is one of UNDP’s six Global Policy Centres. It leads UNDP’s global work on private sector and foundations and supports UNDP’s offices all over the world. How the private sector does business has a major impact on whether growth and development are inclusive and sustainable. On average, the private sector accounts for 60% of GDP, 80% of capital flows, and 90% of jobs in developing countries. By adopting sustainable practices, companies can also gain a competitive edge, increase their market share, and boost stakeholder value while accelerating progress towards achieving the Sustainable Development Goals. The private sector and foundations are important strategic partners for UNDP in achieving its vision of helping countries eradicate poverty and reduce inequality and exclusion.
The Center focuses on four thematic areas:
- Inclusive Business;
- Private Sector Engagement in Skills Development;
- Impact investing;
- Resilience and Crisis Response.
The Center also hosts four global initiatives: Business Call to Action, SDG Philanthropy Platform, Global Islamic Finance and Impact Investing Platform and Connecting Business Initiative.
About IICPSD Video: https://youtube.com/watch?time_continue=3&v=kviB21gQEag