Completed Development AidData Chinese Aid

The United Nations Peace and Development Trust Fund allocates USD $999,647 to promote sustainable investment in Serbia

$999.6K USD

Funder	Unspecified Chinese Government Institution
Recipient Organization	Government of Serbia
Country	Serbia
Start Date	Jan 01, 2020
End Date	Sep 15, 2031
Duration	4,275 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`108823`

Grant Description

In 2016, the Chinese Government pledged to contribute USD $200 million to the United Nations over a ten year period.

The United Nations Peace and Development Trust Fund (UNPDF) was established to channel these earmarked funds to specific projects in coordination with the UN.

The UNPDF is divided into two sub-funds: The 2030 Agenda for Sustainable Development Sub-Fund and The Secretary-General's Peace and Security Sub-Fund.

Approved in 2020 and implemented between October 2021 and October 2023, USD $999,647 was allocated from the 2030 Agenda for Sustainable Development Sub-Fund to promote sustainable investment in Serbia.

The SDG Acceleration framework (2020 - 2024) between UNDP and the Government of Serbia will provide the foundation for the implementation of the Sustainable Investment Promotion (SIP) program in Serbia.

The UNDP provided policy advisory services to the FDI Unit to improve the investment climate and capacity development of Serbian government entities for SDG monitoring and implementation.

As a result of the initiative, the government of Serbia committed USD $1,962,916 of government investments spanning from 2023 to 2024.

The project also included 2 knowledge exchange visits in Belgrade, Serbia, and Xiamen, China to share information, best practices, and lessons learned.

📋 Staff Comments

The UNPDF reference number for this project is PDF-SDG-2020-02.
The commitment date, implementation start date, and completion date are estimated based upon the project's year of approval and duration.

📚 Sources & References

Addressing COVID-19 and Sustainable Investments along the Belt and Road by Strengthening Partner Countries Capacities and Establishing a Network of Sustainable Investment Promotion (SIP) Facilities with Serbia as an Early Pilot Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.