The fund would be used to incubate and accelerate public-private partnerships projects (PPP) in order to achieve sustainable development.
The Partnership Fund of the Partnering for Green and The Global Goals 2030 (P4G), a new international initiative that brings the best minds in business, government and civil society to incubate and accelerate high-impact, market-driven solutions for a sustainable and inclusive world.
The initiative was co-created with international partners including Chile, Denmark, Ethiopia, Kenya, The Republic of Korea, Mexico and Vietnam, as well as businesses, international organizations, and civil society.
At the end of December 2018, P4G expects to fund 5 - 10 PPP project with investments ranging from under $100,000 to up to $1 million.
To qualify for facilitation and funding support PPP projects must align with one or more of P4G’s areas of focus; offer a unique business approach that helps break down barriers that would inhibit growth, and have the potential to scale and achieve market success.
On October 19 – 20, 2018, the P4G high-level summit would be held in Copenhagen, Denmark in order to introduce PPP projects receiving investments and brings together senior leaders from national platform countries, businesses and civil society organizations to share knowledge, make connections and learn from other workings on partnerships to grow the green economy.
On the press meeting on the occasion of his two-day official visit to Vietnam, Ian De Cruz, Global head of P4G stated that P4G’s fund is very important; however, the investments from other sources for Vietnam is a more important consideration.
“Apart from receiving attraction of foreign investments, Vietnam must also exploit the internal potential in order to implement the sustainable goals,” said Ian.
Within the two days working with Vietnam’s appropriate authorities such as Ministry of Planning and Investment, Vietnam Chamber of Commerce and Industry, etc., P4G leader would find out the sectors that are most interested in Vietnam and find the best solutions to support those sectors to develop.
“We heard from our partners in Vietnam about the intertest in the supply chain for coffee production, starting from the farmers to the international distributors. We would work and find ways to promote the connection between the links of the chain as well as bring about the surplus value for Vietnamese coffee,” P4G leader said.
Another sector that is attracting a lot of interest from this organization is pepper production.
P4G was established in January 2018, with initial funding over five years from Denmark. It targets game-changing actions to supply humanity’s greatest needs: food, water, energy, healthy cities and the sustainable use of resources.
P4G’s goal is to accelerate and scale new models for sustainable development in developing and emerging economies through public-private partnerships. Through the interlinked programs, P4G will deliver market-driven, green solutions to support countries’ efforts to meet the Sustainable Development Goals (SDGs).
In order to pursue these goals, partner countries establish or identify and support a multi-stakeholder “national platform” within their country. Each national platform is tailored to the national context. The nature of the partner country engagement with its national platform will vary from country to country.
In some cases, the national platform is established and supported by the partner country, including related costs, and in other cases, the national platform is independent of the country government but collaborates closely with the government.