UNDP agreed to develop social enterprise in Sri Lanka

(FASTNEWS|COLOMBO) – United Nations Development Program (UNDP) entered into two Memorandum of Understanding (MOUs) with Sri Lanka to expand its development programmes with active partnership with the private sector. These MOUs were signed in New York yesterday (26) on the side-lines of President Maithripala Sirisena’s visit to the city to attend the 73rd Session of the United Nations General Assembly (UNGA 73).

The MOU to launch the Social Enterprise Fund (Private) Limited was signed by UNDP Assistant Administrator, Mr. Haoliang Xu and the Head of the Fund, Mr. Chandula Abeywickrema. The second MOU to launch the Social Impact Capital Fund (Private) Limited was signed by Mr. Haoliang Xu and the Head of the Fund, Deshan Pushparajah.

Foreign Minister Tilak Marapana, UNDP Administrator, Achim Steiner, UNDP Head of Social Impact Financing, Nan Collins, Sri Lanka’s Permanent Representative, Amrith Rohan Perera and Deputy Representative, Sathya Rodrigo were present at the signing ceremony held at the Gab Conference Room at the United Nations (UN) Headquarters.