We aim to provide targeted solutions for the sustainability, resilience, and green transition of MSMEs.
The Private Sector Global Facility (the Global Facility) is a joint initiative of the United Nations Development Programme (UNDP), the United Nations Global Compact (UN Global Compact), and the International Chamber of Commerce (ICC). Together with PricewaterhouseCoopers (PwC), DHL, and Microsoft as our strategic partners, the Global Facility leverages the expertise of a strong partnership and builds up networks at the national, regional and global levels.
The Global Facility is laying the groundwork for a big push to:
Support the resilience of 20,000 MSMEs by 2025.
We recognize MSMEs as the principal agents of economic transformation towards more equitable and greener economies. Driven by this vision, the Global Facility is dedicated to empowering MSMEs across sectors and geographies.
The Global Facility launched
in the context of global challenges
We co-create solutions by mobilizing the private sector as a key actor for building a socially just, environmentally sustainable, and climate-resilient world where no one is left behind.
The Covid-19 pandemic set back the progress made on the 2030 Agenda for Sustainable Development. Launched in this context in 2020, the Global Facility offers support to the private sector with a coordinated, multi-sector, multi-stakeholder approach tailored to specific country contexts.
MSMEs are the backbone of the global economy but get affected disproportionately compared to large corporations. National and global level efforts are required for supporting their recovery.
MSMEs represent around 90% of businesses and more than 50% of employment worldwide. However, 70% of MSMEs have had to shut down their operations temporarily or permanently due to COVID-19 related impacts. They also face tremendous challenges revealed by the pandemic:
90% of SMEs lag in digital transformation
Every challenge will demand collective expertise and solutions, as well as new ways of working in a more systemic, nonlinear way.
----- Goal 17 Partners
While urgent attention is required to mitigate the immediate and acute negative effects of the global pandemic, the Global Facility seizes the opportunity to support MSMEs recover better with sustainable business practices and solutions for long-term resilience. As the provider of technology, innovation, skills, services, and employment, the private sector is an essential actor in the post-pandemic response. In dialogue with the public sector, businesses of all sizes, whether global multinational companies or local MSMEs, must strive arm-in-arm.