TheJourneyVolume1 - Book - Page 43
UNDP has been supporting the Congo Climate Basin
Commission (CCBC), coordinated by the Republic of
Congo, in structuring and establishing a regional Blue Fund
to act as a financing mechanism of projects originating from
various CCBC countries’ Nationally Determined Contributions (NDC), creating opportunities for private funding and
public-private partnerships.
U N I T E D N AT I O N S D E V E L O P M E N T P R O G R A M M E
NICHE IDEAS AND REIMAGINING FUNDING
Opportunities building on the UNDP AccLab initiative,
to support knowledge sharing and innovations in development approaches, is becoming another important
niche in the development landscape where UNDP has
a comparative advantage. In the Republic of the Congo,
supporting the country to reimagine its development
funding landscape has become a priority to return to
the SDG trajectory post-COVID-19 derailment. The
Republic of Congo being an oil-rich MIC, opportunities to reconsider the development funding model and
including natural capital in its funding strategies will be
a promising niche for the UNDP service offer. Therefore,
continuing to position UNDP in the provision of upstream
policy support, linking with downstream implementation
support, and exploring climate finance opportunities will
be crucial in UNDP’s future work in Congo. n
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