UNDP meaning in Banking ?

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What is United Nations Development Programme mean?

The United Nations Development Programme (UNDP) is a United Nations organization tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries.

The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. Assistance is provided at the request of national governments, and UNDP personnel frequently coordinate with local officials, nongovernmental organizations, and other international agencies.

The UNDP operates in 125 counties and is funded entirely by voluntary contributions from UN member states. In addition to meeting national development objectives, its activities increasingly focus on fulfilling the Sustainable Development Goals (SDGs), such as combating HIV/AIDS and ensuring environmentally sustainable development. The UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General.

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Posted on 28 Sep 2024, this text provides information on Miscellaneous in Banking related to Banking. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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