Adopting the UNDP’s Private Sector Development Strategy for Sudan,The Central Bank of Sudan and the United Nations Development Program joined in partnership in the Private Sector Development Project, the project approach is building on both of UNDPs global corporate advantage regarding Private Sector Development and its specific long-term experience in economic development programs in Sudan in its effort to strengthen the impact of conducive private-sector-related government priorities, policies and programs by supporting government capacity development for creating inclusive markets in Sudan.
Close coordination and partnership to ensure synergies and avoid duplication and creating synergies through complementary support. In view of this objective, every proposed project under this program is being designed upon request and in close collaboration with the government as a tripartite partnership with a national lead institution and at least one other relevant UN-agency as well as other local and international partners. This synergetic approach is intended to strengthen UNDP’s effectiveness in coordinating and fostering collaboration on private sector development programming in Sudan.
The design of this programme is based on the studies undertaken within UNDP’s “Preparatory Support to Microfinance and Micro-Business Development Programming in Sudan”.
Microfinance Policy, Regulatory Framework & National Coordination
UNDP in this regard, focuses on capacity development of microfinance providers and clients to adopt best practice microfinance-services and to advocate for enabling microfinance policy and regulatory environment on five different levels:
- Branchless banking for the poor
- Microfinance knowledge hub and client information centre
- Capacity development of Microfinance provider networks
- Pro-Poor Value Chain Integration