Global Development: The United Nations Development Programme (UNDP) and the World Bank Group have launched a new cooperation framework aimed at helping governments mobilize development finance, strengthen institutions, attract private investment and expand employment opportunities.

The framework was formalized in New York on September 16, bringing together the two organizations’ complementary expertise and resources for a more coordinated approach to development challenges.

Five Countries Selected for Initial Cooperation

The partnership will initially be scaled up in Nepal, Yemen, Haiti, Lebanon and Ghana. The two institutions will work with governments in these countries to improve conditions for investment, strengthen markets and support the creation of jobs.

The initiative is designed to help countries unlock additional sources of financing while improving the policy and institutional environment needed for sustainable economic activity.

Focus on Institutions and Governance

A major component of the framework is strengthening public institutions and governance. The partnership will support efforts aimed at improving transparency, accountability and institutional effectiveness.

The organisations also plan to support measures involving rule of law, contract enforcement and anti-corruption systems, areas considered important for creating greater confidence among investors and businesses.

Private Investment and Job Creation

Another central element is mobilising private-sector investment. The framework seeks to help governments reduce barriers and risks that can discourage businesses from investing.

The partnership will also focus on employment and inclusive economic growth, with activities aligned with the development priorities of individual countries.

Particular Attention to Fragile Settings

The cooperation will include work in fragile and conflict-affected environments. According to the organisations, this can involve peacebuilding, stabilisation, restoration of local institutions and essential services, as well as rebuilding public trust.

The initiative reflects a broader effort to combine development expertise with financial resources and country-level implementation capacity.

A Broader Development Partnership

UNDP and the World Bank have collaborated across more than 100 countries over several decades. The new framework seeks to make that cooperation more systematic while combining the strengths and resources of both institutions.

The programme will complement existing joint work in areas including crisis assessment, recovery planning, forced displacement, digital solutions and public finance.

The new initiative is expected to provide participating governments with additional support as they work to strengthen institutions, attract investment, expand employment and advance long-term development.