Qatar Fund for Development renews partnership with UNDP with additional $10m commitment – The Peninsula

Qatar Fund for Development renews partnership with UNDP with additional $10m commitment – The Peninsula

New York: The Qatar Fund for Development (QFFD) and the United Nations Development Programme (UNDP) renewed their partnership recently with a commitment of an additional $10m for the UNDP Accelerator Labs, the fastest and largest learning network on sustainable development working in 115 countries.

The two organisations signed a renewal agreement for the period 2022-2025, bringing Qatar’s total support to the UNDP Accelerator Labs to $30m. From climate change to the future of work to digital transformation, the UNDP Accelerator Labs are defined by their ability to find, test, and iterate solutions and to learn from local innovators to advance learning on how to solve the world’s global development challenges.

With this investment, the Fund reaffirmed Qatar’s role, through this investment, as a visionary founding investor of the UNDP Accelerator Labs, together with the Federal Ministry for Economic Cooperation and Development of Germany.

Khalifa Al-Kuwari, Director General of Qatar Fund for Development, said, "A significant objective of QFFD is the accomplishment of inclusive and sustainable development. The renewal of the partnership with UNDP is a successful step towards this target. We are honored to continue our collaboration with such an important partner to fulfill the development needs in an innovative and unconventional way.