Background

The private sector is widely acknowledged as a key driver of the achievement of the sustainable development goals (SDGs) across countries and regions. Over the past couple of decades, the private sector is increasingly being acknowledged and recognized for its potential to developing innovative, market-based solutions to address SDG gaps and development challenges in a sustainable manner.

Myanmar has demonstrated a strong political will for moving on the SDGs. The recently launched Myanmar Sustainable Development Plan (MSDP, 2018-2030) for instance, explicitly recognizes a central role for the private sector alongside public entities and the development partners in the achievement of its SDGs. The MSDP specifically mentions the dependence on the ‘entrepreneurial and ever-resilient spirit of our people and the participation of our private sector, a main driving force of inclusive and sustainable development’ for the achievement of SDGs.

In line with this approach, UNDP Myanmar is also concretely exploring how to work differently to scale up its impact on the SDGs. Aligned with national priorities and the MSDP, UNDP Myanmar’s Country Programme Document (CPD) explicitly highlights forging of new private sector partnerships to support the 2030 agenda including in the areas of innovation, economic empowerment, natural resource management, disaster risk reduction, and building resilience to shocks and crises.

As Myanmar rapidly transitions from a relatively closed to an open economy attracting regional and global foreign investments, the role of the private sector both domestic and international with significant investments and presence in Myanmar, is set to be enhanced further.  The government recognizes that human rights, rule of law, inclusive and sustainable economic development, and state-building are interconnected and require investments, both foreign and domestic, to be conducted responsibly.

An important objective of the 2016 Myanmar Investment Law is ‘to develop responsible investment in the interest of the Union and its citizens which does not harm the natural or social environment’. Also, UNDP is supporting the Myanmar National Human Rights Commission to closely collaborate with government representatives from different ministries to integrate human rights considerations into all existing and new regulation of business and investment. In order to do so, the country office is advocating for using the UN Guiding Principles on Business and Human Rights.

Globally, while the SDG aligned private investment has been growing, it still remains a small part of the total.  The UN Global Compact’s call to companies to voluntarily align strategies and operations with universal principles on human rights, labour, environment and anti-corruption and take actions that advance societal goals has seen over 12000 plus signatories. UNDP Myanmar’s  engagement with the private sector ranges from collaborative and innovative platforms and solutions to support rural communities to move up the value chains, building the capacity of micro, small and medium enterprises to strengthen their competitiveness, promoting a culture of entrepreneurship and start-ups with a focus on women and youth  and leveraging innovative financing and partnerships including scoping out impact investing for stepped up private sector investments on SDGs and issue based collaborative action on salient themes such as World Environment Day. UNDP is also seeking to identify entry points across the country office including in the Governance for Peace Unit as well as the Sustainable and Inclusive Growth Unit including opportunities to co-leverage and crowd in private sector finance in designing of its programming including environmental projects funded by vertical funds such as the Global Environmental Facility (GEF) and the Green Climate Fund (GCF) and across its entire programming portfolio.

Duties and Responsibilities

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Competencies

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Required Skills and Experience

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