Achieving inclusive and sustainable industrial development requires strategic and direct partnerships with development finance institutions (DFIs). Within the partnerships, UNIDO's technical assistance interventions are designed to effectively support larger flows of resources, thereby triggering a stronger impact on the ground.
UNIDO can leverage its development assistance with grant support from DFIs. With a global workforce of close to 2,000 industrial development experts, networks of partner institutions as well as a proven record of outreach to government and industry, both in OECD and in developing countries, the Organization’s highly specialized services can complement and strengthen large-scale DFI programmes.
UNIDO can also identify investment opportunities for DFIs and their partner financial institutions. It can deliver independent, specialized advice on technology issues to steer investment decisions for DFIs and their partner investment institutions. However, to maximize synergies between the two interventions, close coordination between UNIDO and DFIs is required from the outset of the project.
In addition, the Organization’s technical assistance services can enhance the development impact and financial returns of investment by DFIs and other financial institutions. Post-investment technical assistance can be tailored to specific requirements and thus strengthen business linkages between investments and local stakeholders.
At the same time, technical assistance can play a key role in facilitating coordination between private and public investment. With the support of technical assistance services, public investors can strategically position their investment projects to unlock and promote private investment. In addition, UNIDO can generate technical knowledge on industrial development for regional and global discussions by networking with DFIs.