South-South Trust Fund

Sharing Southern Strengths

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The Tsunami Appeal:  
How developing countries can help recovery

Preliminary needs assessment surveys indicate the following priority areas:

• Creation of jobs on sustainable activities

• Creation of a framework conducive to increased entrepreneurship

• Development of small-and medium-sized enterprises

• Construction of basic public service infrastructure, including sanitation facilities

The Voluntary Trust Fund for the Promotion of South-South Cooperation (South-South Trust Fund) is a simple, flexible mechanism, which enables multilateral south-south cooperation arrangements. It was established pursuant to the General Assembly resolution 50/119 of 20 December 1995.

Contributions are applied to specific south-south development initiatives, following priorities agreed to by the parties. The SSTF is not a facility for submitting funding requests.

 The SSTF mission is to foster the successful implementation of South-South projects by supporting each stage of the project life cycle. These include:

• Programming Support: formulation of development interventions that maximize impact

• Project execution and implementation: innovative joint arrangements at all levels

• Accurate and timely monitoring and reporting

• Partnership-building: forging synergetic, win-win partnerships

Development initiatives will be launched on a demand-driven basis, in broad-based partnership with local governments.

All contributions and activities will be reported regularly, so as to show with transparency how each contribution is being used and what impact it has achieved.

Contributions to the SSTF can be earmarked for specific countries and/or specific activities. The SSTF follows the UNDP corporate policy on cost recovery.