The UNDP-supported Guarantees Policy has been updated to allow UNCDF to apply its own Guarantees Policy (as outlined in the UNCDF Supplementary Guidelines to the UNDP Programme and Operations Policies and Procedures (POPP)) when engaged as a Responsible Party on a UNDP project involving a UNDP-supported guarantee. This update provides a clear framework for joint UNDP-UNCDF guarantee operations and resolves previous policy incompatibilities between the two organizations. Under this arrangement, UNCDF will be responsible for the design, implementation, and management of guarantees, including tec ...
The UNDP-supported Guarantees Policy has been updated to allow UNCDF to apply its own Guarantees Policy (as outlined in the UNCDF Supplementary Guidelines to the UNDP Programme and Operations Policies and Procedures (POPP)) when engaged as a Responsible Party on a UNDP project involving a UNDP-supported guarantee. This update provides a clear framework for joint UNDP-UNCDF guarantee operations and resolves previous policy incompatibilities between the two organizations. Under this arrangement, UNCDF will be responsible for the design, implementation, and management of guarantees, including technical, risk, fiduciary, and monitoring functions, in accordance with its established guarantees policies and procedures. The change expands implementation options for UNDP-supported guarantees and strengthens collaboration to help mobilize financing for sustainable development outcomes. The UNDP-supported Guarantees Operational Manual has also been updated to reflect the policy update.