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UNIDO and imfino to mobilize finance innovations to help achieve Sustainable Development Goals

VIENNA, 10 January 2019 – The United Nations Industrial Development Organization (UNIDO) and imfino (Impact Finance Organization) have signed a joint declaration that establishes a framework for cooperation with the objective of promoting and accelerating the achievement of the goals of the 2030 Agenda for Sustainable Development and the Lima Declaration on inclusive and sustainable industrial development. They intend to actively cooperate and mobilize funding in support of impact finance aligned to the 2030 Agenda for Sustainable Development and creating synergies between Sustainable Development Goals (SDGs) 9 and 11.

“This partnership is a wonderful opportunity for us to work together on innovative finance solutions to close the significant SDG financing gap by creating synergies between public and private investment and UNIDO’s technical assistance services,” said Philippe Scholtès, Managing Director of UNIDO’s Programme Development and Technical Cooperation Department.

Imfino is a non-profit organization based in Vienna that is committed to the 2030 Agenda for Sustainable Development by supporting the SDGs through impact finance. Richard Vrzal, Managing Director of imfino stated that, “Our goal at imfino is to provide innovative financial tools through various programs such as access to finance for small and medium-sized enterprise and Sustainable Impact Investing Standard (SIIS) for SDG impact measurement to tackle the different financial challenges through Impact Finance by building such partnerships with international organizations and public and private partners to achieve the sustainable Development Goals.”

Emebet B. Amenu-Zotter, Director of International Relations imfino, added that, “This is the start of a great opportunity for the International Organizations especially those who are engaged in result based projects to apply Impact Finance through technical cooperation with their Member States to increase the social and environmental impact by utilizing innovative financial solutions to achieve the major sustainable development priorities of each country.“

UNIDO and imfino have successfully worked together on several initiatives including the annual BRIDGE for Cities event, the establishment of closer ties with the City of Vienna, joint media and advocacy campaigns on impact investment, the development of SDG impact measurement tools and the evaluation of finance innovations towards the achievement of the SDGs. “We are excited to partner with imfino in developing new finance tools in areas such as impact measurement and blockchain as only through innovation can we really transform the way we work towards the achievement of the 2030 Agenda,” said George Perera, UNIDO Finance Director.

The joint declaration expands and strengthens collaboration in areas of mutual interest including: the active dialogue for city-to-city, city-to-business and business-to-business cooperation aligned to the 2030 Agenda; fostering impact investment and formulating joint projects; cooperating to assess funding for sustainable urban-industrial development; working together on the development of projects aimed at promoting access to finance for small and medium enterprises and entrepreneurs in developing countries stimulating inclusive and sustainable industrial development and contributing to the SDGs;  the development of impact investment to attain the SDGs on sectoral knowledge; and, lastly, the development and exchange of finance innovations and impact measurement tools.

The declaration was signed by Philippe Scholtès, Managing Director of UNIDO’s Programme Development and Technical Cooperation and Richard Vrzal, Managing Director of imfino.

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