Bangladesh provides funds to support UNDP operations

Bangladesh has extended its annual financial support, in the form of flexible funding, to the UNDP to support the global organisation’s development initiatives across the world.

“By providing this flexible core funding contribution, Bangladesh is helping deliver UNDP’s Strategic Plan across more than 170 countries and territories, supporting development efforts where they are needed most,” the organisation said in a press release issued Wednesday.

The core contributions play a crucial role in strengthening UNDP’s oversight and accountability functions, ensuring that programmes are delivered effectively, efficiently, and transparently, it added.

The flexible funding is essential to addressing increasingly complex global challenges and act quickly when crises emerge, it further said.

By extending the annual support, Bangladesh has “reaffirmed” its commitment to multilateral cooperation and sustainable development, the UNDP said.

“Bangladesh continues to pursue inclusive growth, climate resilience, and effective governance – priorities that closely align with UNDP’s global mission.”

“We deeply appreciate our five decades long partnership with Bangladesh, and their contribution to UNDP core resources is a real testament to this”, said Kanni Wignaraja, UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific. “As Bangladesh advances its development goals, including graduation from Least Developed Country status, its continued support to the multilateralism underscores its commitment to advance global sustainable development”.

Finance Minister Amir Khosru Mahmud Chowdhur said, “Bangladesh is proud to reaffirm its commitment to multilateral cooperation and to supporting the global development architecture, including through UNDP, our longstanding development partner since independence in 1971. Our contribution to UNDP’s core resources reflects the newly elected Government’s commitment to advancing sustainable development, both at home and globally. We are also proud to share Bangladesh’s development experience with countries across the Global South. We deeply value our partnership with UNDP and look forward to further strengthening our cooperation.”