On 18 March Mr. Elshad Iskandarov, the Secretary General of the ICYFDC and Mr. Yiping Zhou, Director of the UNDP\’s Special Unit for South-South Cooperation signed a Memorandum of Understanding, being a result of 3-months negotiations between two organizations on framing the terms of mutual cooperation. The Memorandum was signed at the sides of the \”10th World Summit of Young Entrepreneurs\”, annual gathering of most successful young businessmen and women as well as representatives of global economic and developmental organizations.
According to the signed document the parties have agreed to initiate and hold mutual consultations aimed at identifying the specific needs of, and opportunities for, the youth that require collaboration between the SUSSC and ICYFDC. The MOU also requires parties to institute ways of collecting, compiling and exchanging information on issues of importance to the interests and development of youth in the common member states. Based on the agreement reached in the document the signatories will collaborate in identifying, catalyzing and supporting action oriented programs dedicated to the interest of youth in the economic, social and cultural domains in the common member states through group training, networking, youth tourism, information technology, preservation of artifacts of national creativity and heritage and other suitable programs, using the south-south cooperation modalities in the efforts.
According to the Statement of the Secretary General of the ICYFDC after the signing of the MOU, \”this Memorandum is a first practical step in cooperation with the UN which will help the Forum in promoting the development of youth in OIC countries, overwhelming majority of which belongs to the Global South, by benefiting from the Unit\’s rich expertise and network in regard to South-South modalities\”.
The UNDP\’s Special Unit for South-South cooperation is an important UN agency established by the UN General Assembly to coordinate technical cooperation among developing countries. Its main objective is to foster cooperation between the countries of the Global South in the areas of education, trade, training, small and medium enterprises among many others.