The Netherlands launches SDG Facility for public-private partnerships
Sigrid Kaag, the Dutch Minister for Foreign Trade and Development, has launched the Sustainable Development Goals Partnership Facility (SDGP). The facility will fund projects by public authorities, businesses, NGOs, and knowledge institutions aimed at sustainable food production and private-sector development.
The total budget of the facility is €70 million, half of which will be made available at the end of this year and the other half in 2019. The SDGP is the successor of the Sustainable Enterprise and Food Security Facility (FDOV), which supported more than 50 projects in various developing countries, including Ethiopia and Kenya. The SDGP requires 50% co-financing. The maximum funding provided by the Ministry is €3 million per project.