Background

The Public and Private Finance for Development Project (PPFD Project) responds to the global need to mobilize resources for the SDGs and to support the development of transparent systems, approaches and capacities for planning, mobilizing and implementing public and private investments in partner countries. The Project is based on an almost 20-year-long programmatic partnership between the Ministry of Finance of the Slovak Republic and UNDP. Its main goal was and still is to support partners in setting up effective and transparent management of public finances while implementing the rules required by the European Union. The project also activates the involvement of the private sector in development cooperation by supporting the building of an ecosystem for the mobilization of external financing with a specific focus on the use of private financial resources, knowledge, expertise and technologies that have the potential to support the achievement of sustainable development goals.

The current phase of the project was launched in May 2024 for a period of five years, until 2029. It is based on the results of the previous project phase as well as the new requirements of the partners. The project is implemented in Bosnia and Herzegovina, Serbia, Montenegro, North Macedonia, Moldova and Uzbekistan. 

Project goals 

• Strengthen the public finance ecosystem in partner countries to achieve greater efficiency, transparency and inclusiveness of public finances and align the public finance management (PFM) system with national development programs, SDGs and EU requirements;
• Build the ecosystem for the mobilization of external financing, with a specific focus on private financial resources, knowledge, expertise and technologies that have the potential to support the achievement of the SDGs. The focus is around the priorities of Slovak development cooperation, specifically green/clean energy, energy efficiency, digitalization incl. sustainable and smart cities, water and innovation and infrastructure.