The Public and Private Finance for Development programme is grounded in a long-running cooperation between the UNDP and the Slovak Republic in general, and the Ministry of Finance of the Slovak Republic in particular. The joint initiative is an example of an inclusive development partnership which leverages the knowledge and technical expertise of a newly established donor like Slovakia, along with the wide reach, global context, and presence of an experienced international organization like UNDP.
UNDP and Slovakia
Since 2000, the UNDP has been cooperating with the EU members through RBEC – UNDP Regional Bureau for Europe and the Commonwealth of Independent States. RBEC provides partners with years-long experience and knowledge in development cooperation, tools and processes, a thorough knowledge of the local environment, and an extensive network of country offices. UNDP’s partnership with the Slovak Republic, established in 2002, is the oldest initiative of this kind in the region. The Ministry of Foreign and European Affairs of the Slovak Republic and the Ministry of Finance of the Slovak Republic are the main partners.
UNDP and the Ministry of Finance of the Slovak Republic (MFSR)
Slovakia has considerable expertise in public finance management, which is identified as a development cooperation priority in its work with partners such as UNDP, the World Bank, IMF and the EU. In addition, the MFSR is responsible for Slovakia’s cooperation with international financial institutions and covers relevant tools to promote private sector instruments such as concessional loans. With its openness to try and test new approaches, MFSR is well-positioned to engage in SDG financing in its target countries.
The Public Finance for Development Programme has been implemented since 2009 as part of Slovakia’s official development assistance. It is the basis of the Ministry of Finance of the Slovak Republic – UNDP partnership and contributes to sound public finance management and good governance in partner countries. More about the programme can be found here.
Since 2017, the UNDP – MFSR partnership has also been extended, in addition to the support for public finance management, to bolster private sector engagement in development cooperation.
Within the multilateral development cooperation framework, MFSR provides contributions to international institutions; it has also developed a system of statistical reporting of development cooperation in the Slovak Republic. More information is available here.
