UNDP Sustainable Finance Hub

UNDP’s Insurance and Risk Finance Facility is building the financial resilience of countries, households, businesses, nature and food systems. Here are highlights of its recent work in Colombia. 💠 Solutions for small businesses Winners of an Insurance Innovation Challenge to improve access to financing and insurance for shopkeepers were announced in October. First place was awarded to the team comprised of the Colmena Seguros, Entre Amigos and Bemovil organizations, who proposed a revolving credit of up to five million Colombian pesos, including embedded insurance to protect against damage and theft. In total, 17 teams participated. The event was made possible through a collaboration with PNUD Colombia, UNDP Accelerator Labs, Fasecolda - Federación de Aseguradores Colombianos and Banca de las Oportunidades. Learn more via the video below or read this press release: https://lnkd.in/e6TyUCFc 💠 National financial inclusion Workshops in November and December gathered perspectives from over 70 representatives from small and micro businesses, insurance companies and others on how to strengthen the “Insurance Demand Survey”. The survey will officially launch this year, targeting over 6,000 respondents. The data will be used to understand current and potential insurance consumers and support the generation of new products. 💠 Regulation of distribution channels In December, workshops focused on regulatory adjustments for insurance distribution channels were held with the national insurance regulatory and supervisory units for insurance companies, brokers, intermediaries and InsurTechs organizations. Attendees evaluated local regulations and explored new trends in insurance distribution. Their contributions will be applied to new incentives and regulatory adjustments. 💠 Actuarial capacity Over 60 actuarial students and graduate actuaries attended a regional workshop at the start of December that provided them with invaluable strategies and tips for success in actuarial certification exams. This workshop was held as part of the Global Actuarial Initiative (GAIN) by UNDP and Milliman. 💠 Nature resilience The Facility was at the UN Convention on Biological Diversity #COP16Colombia, advancing the critical role of insurance in enabling nature-based solutions. For instance, the winners of an Insurance Innovation Challenge to protect investments in biodiversity were announced and showcased. This was in collaboration with BIOFIN - Biodiversity Finance Initiative, Fasecolda and UNDP Colombia. Learn more about the Facility’s presence at UNCBD COP16 in October: https://lnkd.in/dHVR88MG #financialresilience I Diana C. González M. I Miguel Solana I Jan Kellett I Ceandra Faria I Diego Daniel Olarte Suárez I Bayron Cubillos López I Jimena Puyana I Sara Ferrer Olivella I Carla Zacapa I Lina Fernández Pizano I Joel Narváez Nieto

🌍🇰🇲 UNDP #Tax4SDGs has launched the SDG Taxation Framework (#STF) in #Comoros! As a comprehensive diagnostic tool, the STF will support the country align its tax system to promote the #SDGs, with a focus on #GenderEquality (SDG 5) and #Partnerships (SDG 17). Vera Hakim, UNDP Deputy Resident Representative in Comoros, participated in the launch and supported the initiative, emphasizing: “Integrating the gender dimension reduces inequalities and strengthens women’s empowerment for inclusive growth.” PNUD COMORES | UNDP Africa | Snehal V Soneji | Marcos Neto | Tom Beloe | Mtwalo Msoni | Maxwell Gomera | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland | Youssouf Salim Abdallah

📢 🇳🇦 How are digital tools transforming #Namibia’s domestic resource mobilization for sustainable development? The Namibian Revenue Authority, in collaboration with UNDP #Tax4SDGs, the World Customs Organization, the European Union, and HM Revenue & Customs, has introduced two transformative digital tools: the Electronic Advance Ruling (eAR) and the Electronic Tariff (e-Tariff). These solutions are revolutionizing customs operations by: ✅ Streamlining processes for greater efficiency ✅ Reducing costs for businesses and traders ✅ Enhancing transparency in trade and revenue management By modernizing its customs systems, Namibia is strengthening its domestic resource mobilization (#DRM) and reinforcing its commitment to achieving the #SDGs through smart technology adoption. 🔗 Learn more in our latest blog: https://go.undp.org/J8C UNDP in Namibia | UNDP Africa | Marcos Neto | Tom Beloe | Alka Bhatia | Saied Tafida Sulaiman | Maxwell Gomera | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland

🌍 Tax Inspectors Without Borders (TIWB), a joint UNDP - OECD - OCDE initiative, has launched a new programme in 🇨🇲 #Cameroon! Building on the ongoing partnership in the country, this programme aims to strengthen the tax auditing capacity of Cameroon’s General Directorate of Taxes (Direction Générale des Impôts), with support from France’s General Directorate of Public Finances (Direction générale des Finances publiques). UNDP West and Central Africa | Marcos Neto | Tom Beloe | Mtwalo Msoni | Maxwell Gomera | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland

🌍 This year, UNDP launched the revamped SDG Investor Platform, a key tool designed to connect investment with sustainable development. Leveraging insights from SDG Investor Maps, the platform provides actionable data, information, and insights on high-impact investment opportunities that align with the #SDGs. Easily explore opportunities by location, impact indicators like specific SDGs, and economic data such as indicative return profiles. 🔍 Ready to align your investments with a sustainable future? Discover opportunities that make a difference and drive progress towards the SDGs. Visit the platform and start your journey today! 👉 https://lnkd.in/eBQERmi9

🌍Exciting #Tax4SDGs updates from #Tanzania! The UNDP initiative, in collaboration with the 🇹🇿 Revenue Administration Authority, is advancing efforts to achieve #SDG13 (Climate Action) through innovative fiscal solutions. During the mission: ✅ A capacity-building workshop explored the application of #carbon taxes, aligning policies with climate goals. ✅ The SDG Taxation Framework (STF) was used to assess current legal frameworks and identify areas for improvement. ✅ Dialogue with government representatives focused on fiscal reforms to drive #SDG achievement. ✅ Engagement with key stakeholders and development partners strengthened tax-related initiatives. UNDP Tanzania | UNDP Africa | Christine Musisi | Marcos Neto | Tom Beloe | Mtwalo Msoni | Tatiana Falcão | Maxwell Gomera | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland

🌍This week, UNDP #Tax4SDGs Initiative hosted a webinar, bringing together governments, UNDP Country Offices, and experts to discuss the SDG Taxation Framework (#STF) – a comprehensive diagnostic tool designed to align tax systems with the #SDGs. 💡 With the STF Diagnostics successfully implemented in 24 countries, we explored key trends, insights, and impacts since its launch in March 2023. Representatives from Eswatini, Angola, Lebanon, Armenia and Bhutan shared their experiences, highlighting how the STF has influenced tax policies that support the SDGs, enhanced domestic resource mobilization, improved knowledge, facilitated policy advocacy, and fostered interdepartmental collaboration. 🔗 The session also introduced the Tax Expenditure Toolkit, aimed at addressing trends identified by the STF and further aligning tax expenditures with SDGs. 🙏 A big thank you to all participants for joining us and contributing to this important discussion! 👉Learn more: bit.ly/49UQAi0 UNDP Eswatini | UNDP Angola | UNDP Lebanon | UNDP in Armenia | UNDP Bhutan | Amna Khalifa | Marcos Neto | Tom Beloe | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland

Dear friends and colleagues, it has been a stellar year for #sustainablefinance at @UNDP. Thanks to all of you for your #collaboration and #support. We look forward to more concrete progress together in 2025-working together towards #FfD and beyond. Wishing you a happy, healthy #holiday season!

🌍 Tax Inspectors Without Borders (TIWB), a joint UNDP - OECD - OCDE initiative, has recently launched its second programme in 🇹🇬 #Togo. In collaboration with the Togolese Revenue Authority (Office Togolais des Recettes - OTR), the General Directorate of Taxes of Morocco and IGFMining, the new programme will provide tax audit assistance on the mining sector. Pnud Togo | UNDP West and Central Africa | Binta Sanneh | Marcos Neto | Tom Beloe | Mtwalo Msoni | Maxwell Gomera | Norad - Norwegian Agency for Development Cooperation | Ministry for Foreign Affairs of Finland

🔈Read the new report on “Developing Takaful Market Systems” to learn how the Takaful market can bolster the #financialresilience of Muslim-majority populations and non-Muslims seeking alternative financing modalities. We live in a world of rising risks (such as climate change, health crises, and conflict) and an immense financial protection gap. Of the one billion people living in the top five countries with Muslim-majority populations, less than two percent have any form of financial protection. The Takaful system is based on the principles of shared responsibility, joint indemnity and mutual protection. Participants contribute to a common fund to cover each other’s losses in a model that promotes a community-based approach to risk management, emphasizing fairness, transparency and collective well-being. 📚 The UNDP Insurance and Risk Finance Facility, Islamic Development Bank (IsDB) and Islamic Development Bank Institute (IsDBI) joint report “Building Climate Resilience Through Takaful, Part Two: Developing Takaful Market Systems” delves into: 🔸The Takaful market system today 🔸 Developing supporting functions for the Takaful sector 🔸Building the enabling environment for Takaful 🔸Recommendations for governments, Takaful operators, industry associations, community organizations, international organizations and academic institutions. ➡️ Open and download the report below to discover more. Muhammad Ali Khan I Jan Kellett I Miguel Solana I Lauren Carter I Shamiso Ruzvidzo I Tuga Alaskary I Enock Sing'oei I Loïc Martel I Ceandra Faria I Emanuele Moretti I Yahya Rehman I Bradley Hiller I Syed Faiq Najeeb I Daouda Ndiaye I Tarek Akel