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Private Sector Development

Iceland's policy on international development cooperation is a central and integrated part of the country ‘s foreign and security policy. The policy states how to engage the Icelandic business community further in development efforts. The private sector should be encouraged to contribute to value and job-creating projects in developing countries and to work towards the progress of the UN's sustainable development goals. Solutions, expertise, and investments provided by Icelandic companies can contribute to sustainable development, increase prosperity, and create opportunities for people in developing countries to break out of poverty through economic cooperation. Iceland looks to the European Organisation for Economic Co-operation and Development (OECD, DAC) in the implementation of projects, which include monitoring that member countries operate based on international obligations.

„The public and private sectors need to join forces to achieve the UN sustainable development goals. The private sector's global share of international development cooperation has increased greatly over the past decade and has become equal to the contribution of the public sector. Icelandic companies have the knowledge and competence to promote sustainable economic growth and job opportunities in developing countries, while at the same time preparing for more investment and business opportunities in future emerging markets. Nearly 20 Icelandic companies have already been supported by the SDGs Partnership Fund and I urge other companies to follow in their footsteps." - Thordis Kolbrún Reykfjörd Gylfadóttir, Minister for Foreign Affairs.

About the fund

Information about the Sustainable Development Goals Partnership Fund

Application deadline has been extended to October 17.

The SDGs Fund has the objective to foster partnership projects aiming at strengthening sustainable economic growth.

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Partner Countries

Eligible Partner Countries

Projects must be carried out in cooperation with a trusted partner in a developing country.

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Companies in development cooperation

Companies in Development Cooperation

More than 20 companies have received funding from the SDG Fund

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Iceland’s cross-cutting Themes

Iceland’s cross-cutting Themes

Human rights, gender equality, and sustainable development are cross-cutting goals in Icelandic development cooperation.

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Grants for Innovators

Grants for Innovators

Grants for innovators are for young entrepreneurs and young innovative companies to start a development cooperation project.

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Technical Assistance Programme

Technical Assistance Programme

The Ministry for Foreign Affairs provides access and funding for technical experts in various fields. The objective is to provide on-demand high quality technical assistance to Partner Institutions.

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Multinational opportunities

Multinational Opportunities

There is high demand for advice and services from international organizations such as the United Nations and the World Bank.

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