UNDP and the Social Fund for Development expand their cooperation to enhance job creation for the poorApr 27, 2016
The United Nations Development Programme (UNDP) and the Social Fund for Development (SFD) signed today Wednesday 27th of April a three-year extension of the on-going partnership that aims at strengthening the institutional capacity of SFD and enhancing the sustainability of SFD’s role in poverty alleviation and job creation in Egypt.
The extension of the project builds on the successful partnership between UNDP and SFD since its establishment in 1991. The key objectives of the extension are enhancing SFD human, technical and institutional capacities, improving planning, monitoring and evaluation and increasing access to improved financial and non-financial services for Small Medium Enterprises (SMEs). The project will also continue to support SFD’s Public Works Programme to deliver social services to deprived communities by implementing the labour-intensive public works model that provide emergency jobs to vulnerable populations and at the same time enhance community infrastructures and services.
“We are very pleased to continue our successful collaboration with the Social Fund for development. SFD plays a key role in contributing to the Sustainable Development Goals (SDGs) and Egypt’s Vision 2030, especially in areas of poverty reduction and jobs creation. UNDP has also supported SFD in promoting south-south cooperation through sharing its experiences with other partnering countries”, said Dr. Sima Bahous, UNDP Assistant Administrator and Regional Director, Bureau for Arab States. On her part, Dr. Bahous, acknowledged the long-standing partnership between UNDP and the SFD and the latter’s contribution to create employment among the poor segments of society.
Mrs. Soha Soliman, SFD Managing Director, reported that the three year extension of SFD-UNDP Cooperation Agreement comes in recognition of the significant development achievements realized over the years in favor of the Small and Micro Enterprise Sector. "Thousands of job opportunities in the different fields of community, human resources, and infrastructure development have been created, thus earning SFD the trust of international donors" said Mrs. Soliman.
She added that "the continued cooperation between SFD and UNDP will contribute in developing the capacity of SFD in delivering financial and non-financial services for enterprises and will support SFD to extend further social and economic services to the most deprived communities through labor-intensive projects, as major generator of job opportunities and a proven means towards service and infrastructure enhancement in these communities."
The project extension was signed by UNDP Resident Representative Ms. Anita Nirody, Ms. Soha Soliman, Managing Director of SFD and H.E. Ambassador Sherif Refaat, Assistant to the Minister of Foreign Affairs and Director of International Cooperation Department. The signing ceremony was witnessed by Dr. Sima Bahous, UNDP Assistant Administrator and Regional Director, Bureau for Arab States and attended by officials from SFD and UNDP.