The European Union and the United Nations signed yesterday a Contribution Agreement of €30 million to the Joint Fund for the 2030 Agenda. The Fund is a central component of the ongoing reform of the UN Development System and seeks to support the implementation of the Sustainable Development Goals (SDGs) worldwide. The UN has targeted the Fund's capitalisation at a minimum of $290 million annually.
The 2030 Agenda for Sustainable Development calls for a paradigm shift to put the world on a path of sustainable development by 2030. Reaching the 17 Sustainable Development Goals will require collective efforts from all actors in society. The Joint SDG Fund supports partner countries' efforts to accelerate progress towards the SDGs through integrated and interdisciplinary policy support.
The Fund is designed to help countries deliver on the SDGs by providing the leverage and resources for UN Resident Coordinators and Country Teams (UNCTs) for this purpose. The joint programmes financed by the fund will allow for strengthening of national systems and institutions through policy advice, promote policy coherence, and deepen normative-operational links. Its key functions will be:
- Identifying and activating SDG "accelerators" in the beneficiary countries
- Facilitating SDG Financing with both public and private sector partners
- Bring the UN development system together to deliver results in the field