By Ms. Barbara Kreisler, Industrial Development Officer in the Business, Investment and Technology Services Branch of UNIDO

UNIDO regards business as an engine for economic development, and believes that inclusive economic growth is key to poverty reduction efforts. Holding firmly to this belief, the Organization made a priority over the past few years to mobilize contributions from the private sector, and ensure that it supports sustainable industrial development.

Since 2006, UNIDO has multiplied its collaborations with the private sector, concluding several new business partnerships in strategic areas with the objectives of building local productive capacity, enhancing social inclusion and promoting environmental sustainability. UNIDO moved away from more traditional philanthropic partnerships towards new models of social investment, and core business and value chain collaborations. The Organization also supports the creation of multi-stakeholder platforms that galvanize business action around larger systemic issues.