The new Private Sector Non-Reimbursable Loan Policy outlines the conditions under which UNDP can accept non-reimbursable loans of personnel from commercial entities. This policy aims to enhance UNDP's capacity by leveraging private sector expertise for specific projects or assignments. Key points include:The policy applies to all non-reimbursable loans of personnel negotiated with private sector partners.The purpose is to facilitate the in-sourcing of private sector expertise to assist UNDP in developing solutions to complex issues.Specialists provided by private sector partners will ...
The new Private Sector Non-Reimbursable Loan Policy outlines the conditions under which UNDP can accept non-reimbursable loans of personnel from commercial entities. This policy aims to enhance UNDP's capacity by leveraging private sector expertise for specific projects or assignments. Key points include:
- The policy applies to all non-reimbursable loans of personnel negotiated with private sector partners.
- The purpose is to facilitate the in-sourcing of private sector expertise to assist UNDP in developing solutions to complex issues.
- Specialists provided by private sector partners will work full-time and exclusively on UNDP assignments, without any cost to UNDP.
- The policy includes strict guidelines on the conduct and responsibilities of the specialists, ensuring they adhere to UNDP standards and confidentiality requirements.
- The policy also details the process for entering into such arrangements, including due diligence and formalization procedures.