The United Nations Industrial Development Organization (UNIDO) and the Organization for International Economic Relations (OiER) signed a memorandum of understanding (MoU) to intensify their cooperation in integrating the private sector into development efforts.
The MoU will expand the ongoing collaboration between UNIDO and OiER to multiple thematic areas, including sustainable cities, renewable energy, and institutional capacity building.
"Rapid urbanization in developed and developing countries is a challenge that we will be facing throughout this century. Our response to this challenge will impact how we will achieve the 2030 Sustainable Development Agenda,” said Philippe Scholtes, Managing Director at UNIDO.
“UNIDO’s cooperation with OiER on this topic and on access to renewable energy capitalizes on the expertise of both organizations and will bear fruits in many areas worldwide."
The signatories of the MoU will consolidate partners, select projects and find sources to fund projects in sectors of mutual interest. They will also jointly develop innovative business models for cooperating with the private sector.
“Our organizations are active participants of the United for Smart Sustainable Cities initiative (U4SSC). Today we have agreed to step up our joint efforts to engage the private sector in the implementation of the New Urban Agenda to achieve Sustainable Development Goal 11: "Make cities and human settlements inclusive, safe, resilient and sustainable,” said Kari Aina Eik, OiER Secretary General.
In 2016, an estimated 54.5 per cent of the world’s population lived in urban settlements. By 2030, urban areas are projected to house 60 per cent of people globally. Every third person will live in cities with at least 0.5m inhabitants.