Please find below information about some UNDP initiatives Growing Inclusive Markets is collaborating with.
UNDP work on the private sector emphasizes the concept of facilitating Inclusive Market development, i.e. markets that result in expanded choices and opportunities for the poor and vulnerable and produce outcomes that benefit the poor as producers, consumers, wage earners at various points along value chains. To achieve this, UNDP works on the following priorities:
Inclusive Market Development (IMD)
- Providing policy advice and capacity building that helps governments create an enabling regulatory climate for private enterprises
- Integrating local producers with global value chains
- Facilitating investments in affordable goods and services needed by the poor
- Promoting small-scale entrepreneurs to enter markets as business owners or in management positions
- Developing multi-stakeholder partnerships in support of achieving the UN Millennium Development Goals (MDGs)
Through the inclusive markets development approach, UNDP takes a broader perspective to support specific market sectors to work better for the poor, addressing relevant constraints at various levels in an integrated way, including at micro, meso and macro levels. Central to the approach is that the poor can be profitable as a market while accessing goods and services that allow them to build a better life for themselves.
Business Call to Action (BCtA)
The Business Call to Action is the focal point for mobilising the expertise and efforts of big business to support growth in developing countries and contribute to the MDGs. UK Government and UNDP hosted the BCtA event on 6 May 2008, which invited Chief Executives and Board Chairs from some of the world’s largest and most prestigious companies to showcase concrete initiatives that support economic growth and reduce poverty in developing countries.
Commission on Legal Empowerment of the Poor
The Commission on Legal Empowerment of the Poor, a group co-chaired by former U.S. Secretary of State Madeleine K. Albright and Peruvian economist Hernando de Soto, aims to make legal protection and economic opportunity not the privilege of the few but the right of all. Its main report, Making the Law Work for Everyone Volume I, was released on 3 June 2008. Click here to access the press release.