​ Could blockchain-based payment systems make financial access easier for migrant workers sending remittance payments from abroad, make the transfer cheaper, faster and more secure ? Citizens of Tajikistan rely heavily on remittances . A lack of job opportunities means that up to 1 million (out of a population of 8 billion) migrate elsewhere for work, mostly Russia. Until 2014, the share of remittances made up around 43 percent of the national GDP, roughly US$4 billion a year , The global recession and the depreciation of the Russian and Tajik currencies against the US dollar has since caused a sharp decline in remittances. But its share is still significant at 20-25 percent, as labor migration continues to be attractive .  When we vis...

  What is necessary for building up a crowdfunding ecosystem Our first 2 years of experience with crowdfunding taught us that the approach is not just a new market place for accessing funds but a tool to build community engagement; not just a PR fad but a powerful outreach and advocacy mechanisms; and not merely a support system for an initiative but an effort to catalyse new business models, technologies and solutions for social issues. Just donating money is like buying a blanket for one person in need; and crowdfunding an SME is like setting up a company that produces affordable blankets to hundreds in need. Re-inventing the business model, building an ecosystem of supporters and ambassadors, and a powerful leapfrog. This year, our ...

We have recently started to work on the White Paper with Blockchain - the world's leading Bitcoin software company. Together we are working on better understanding the development space and evaluating how this technological innovation can bring about radical transparency & efficiency in the flow of aid.The paper is exploring six key sectors - trade finance, remittances, digital ID, development aid financing, property rights, and energy blockchain. We're cooperating with the Joint Research Center of the European Commission (check out an impressive line up of people they've had for a discussion on distributed ledger technologies a few months back) on design of a challenge prize for social applications of blockchain that would (hopefully) ...

In Tajikistan, we are working with BitSPark on investigating possibilities to transfer remittances money from Tajikistan workers from Russia to Tajikistan using Bitcoins. Remittances are a growing and critical lifeline for many people and countries around the world, as demonstrated clearly by Tajikistan where 50% of the country GDP relies on remittance income. ​

In Moldova, we are testing to find out if Blockchain can provide a more effective way of managing the United Nations car fleet. On this project we cooperate with EmerCoin - a digital currency and blockchain service platform and with DeePlace company. The blockchain technology is to demonstrate the possibility of a more effective way of managing the UN car fleet in an emergency situation. Blockchain could provide a more effective way of transferring and tracking funds.

As remittances are an important part of the economic impact of migration, in Serbia we're working on designing a proof of concept for remittance transfers over blockchain. The program's goal is to find a cheaper cross-border transfer system which cuts out intermediaries such as Western Union, and targeted toward specific needs in Serbia. In this project, we are working together with AidTech - a blockchain startup, one among ten finalists of the European Commission 2016 Social Innovation Competition. ​

To tackle the challenges and negative impacts of long-term youth unemployment, UNDP together with Finnish Innovation Fund Sitra and the Government of Serbia is designing a Youth Employment Bond pilot with the Social Impact Bond (SIB) mechanism. Social Impact Bond is a result-based financial instrument for impact investing, where private investments are intended to create a positive social or environmental impact as well as a financial return. The first SIB was launched in 2010 in UK and by now over 60 SIBs have been commissioned across Europe, Australia, Canada and the United States. SIBS have raised over $200m of capital and touched over 90,000 lives in the areas such as employment, homelessness, health, child welfare, education and crimin...

Alternative Finance Lab (AltFin Lab) is helping UNDP Bosnia and Herzegovina and their national and regional partners in the Vrbas region in designing an Forecast Based Financing mechanism that seeks to attract insurance investment into addressing the risk on the basis of the forecast based triggers. Based on the Red Cross/Crescent Climate Center Forecast Based Financing model UNDP Bosnia and Herzegovina is piloting implementation of using weather forecasting models for raising financial support of regions that might be hit by extreme weatherUltimately our intention is not only to minimize the risk and secure funds before a disaster has received sufficient media support but also to test the feasibility of attracting new sources of funding (t...

UNDP'S 1ST GLOBAL CROWDFUNDING ACADEMY UNDP's 1st Global Crowdfunding Academy took place in December of 2015 in Istanbul. Inspiring projects that ranged from community green solutions to peacebuilding and poverty reduction were presented by 11 teams from around the world. Global Crowdfunding Academies are envisaged as 3-6 month service where the team identifies a pipeline of potential ideas, develops ideas into crowdfunding campaign and provides hands-on support during the campaign. The team is moving into the area of setting regional support centers with the best candidates by providing education, training and by connecting local actors, diaspora, start-up community, and social enterprises. UNDP'S 2ND GLOBAL CROWDFUNDING ACADEMY The intere...

​Ana and Maja are two girls whose great passion is manufacturing quality beer. Up to March 2016, their passion was just a hobby, but then they came to an idea of founding the first women-run cooperative craft brewery in Croatia - Brlog. Craft beer is a preservative free, unfiltered and unpasteurized beer. Such a beer has higher nutritional and, most people believe, culinary value. Through the crowdfunding campaign, they have collected funds to finance fermenters, bottles, labels and cases. The initial goal was to raise $ 8,000, but with the support of more than 300 backers, they raised more than $ 11,000!Brlog has thus become an operative brewery, which works on the principles of good economics. This means that profit is not the supreme goa...

​ Global Crowdfunding Academy is a program aimed at training UNDP staff to learn to conduct their own crowdfunding campaigns and thus contribute to 2030 Agenda and its goals. The interest for this year's academy was twice as large as last year and can be understood as an indication that new funding mechanisms are beginning to gain larger ground in CO operations across the globe. This year's Global Crowdfunding Academy was conceived as an educational program that brings together two types of teams, so the program includes two types of Academies. This year, 11 different teams from around the world will be educated through this program. Most of the work will be done through webinars and individual consultations, while the campaigns will accomp...

What are the campaigns, what is in the #BigStoriesSmallBusinesses? Take a small A to W quest with Maša and find out! A. stands for Antonov, Ukrainian engineer who constructed the biggest cargo plane in the world, the famous Antonov! Produced in Ukraine. Mašenjka saw it in Zagreb several years ago, once it landed to pick up a transformer for a powerplant . The queue of curious people was the longest queue she has ever seen! Can you imagine how thrilled she was she realised we have another Antonov in one of the teams that is composed of engineers who once worked in the Antonov factory? Now The A. team has created the first electric cargo bike in Ukraine – find out what is their name and try-out the bike when they go out to the crowds with gue...

"How can we finance the next 15 years of development work? In what ways should true innovators be engaged in the development process? How viable is impact investment for business and governments alike?" - these were only a few of the many questions discussed at the very first global summit on impact investment for development, held in Yerevan on March 21-22. The summit, has been hosted by the United Nations Development Programme (UNDP) in Armenia and INSEAD's Social Impact Initiative as a knowledge partner. Together they have brought together some of the world's leading social entrepreneurs, impact investors and development practitioners. During the two-day event UNDP officials, social entrepreneurs, impact business leaders, representatives...

  On a calm early Saturday morning, with her tiny feet and red hair-locks under her cap, Mašenjka walked swiftly across St. Sofia square. And then down with a funicular to Podil. And then straight along Riviera to Kyiv Hub 4.0. More then thirty curious entrepreneurs waited for her. Fifteen komandas couldn't wait to learn about a whole new world of crowdfunding. Mašenjka was not alone. Little rasta-girl with blond dreadlocks from the Crowdfunding Academy was with her, and two nice and bright comrades from Spilnokosht platform and a cheerful piccola djevushka Italiana. The komandas started pitching: We want school-kids to grow trees and turn grey destroyed areas into green woods. We want anti-cafe in Slavyansk to have a wonderful yard an...

Buba bar - extra chromosome for extra coffee'' crowdfunding campaign was launched with the aim of opening the first coffee house in Croatia to employ people with Down Syndrome. The Bubamara Association needed to raise 10,000 USD to make Buba Bar a reality.Their mission was to improve the quality of life for the intellectually challenged and to evolve the Croatian societal views and acceptance of these individuals into society. With Buba bar project, they wanted to give young adults with disabilities the possibility to live their lives just like every other person.We have collected 16 821$ through this campaign, and the money was invested in space arrangement and furnishing. Buba Bar is now completely adapted for people with disabilities and...

In six months, after a successful pilot in the Korail slum , we helped students who were barely familiar with computers to transform into IT freelancers, earning an average of $100 USD per month. Following up on that success, on October 9th UNDP Bangladesh launched the Youth Employment through Skills (YES) campaign . Today, we are raising money to build our first pilot classroom. If successful, we will expand this programme to 100,000 students across Bangladesh. The Inspiration for Youth Employment through Skills (YES) Despite the huge gains that Bangladesh has made addressing poverty, almost 1/3 of the population, or 45 million, still live below the poverty line. Not only that, but, approximately 41% of Bangladeshi youth are NEET : Not Emp...

​ UNDP Serbia is experimenting impact investing through Youth Employment Bond together with Finnish Innovation Fund Sitra. The high cost of youth unemployment The youth unemployment rate is very high in Serbia, which requires more attention and also innovative ways to tackle the challenges. The youth unemployment rate in 2015 was 43.2 %, which is significantly above the general unemployment rate in the country (18.2 % for the population of working age 15-64). Having 4 out of 10 young people (ages 15-30) neither in employment, education or training (NEET youth) costs the Government over EUR 1.6 billion a year. You read it right- EUR 1.6 billion. This figure includes costs of various unemployment related social benefits and foregone income ta...

In a school in a town South of Lebanon, a young boy rushes out of class on a Friday excited to get home and start the weekend. He exits the school gate onto a crowded road that leads to a concealed curve where cars rush by. There is no pavement, no footpaths, and no security measures. The child runs up and down the street looking for his mother, stuck in the usual heavy traffic around the school…  Last year alone, 83 children under 14 years of age lost their lives in road accidents. Many of these accidents took place within the school's perimeter. Live Lebanon is launching the Green Light zone Project to reduce the number of casualties by providing a safe environment for students within and around the school. Children In Direct Danger ...

​ The idea of tackling the problem of low fruit intake in Moldova came during a banal lunch. We were intrigued by the paradox that in a country that is a regional "garden", abundant in fruits and vegetables, the average consumption of these goodies constituted only 60% of the minimum WHO recommended quantity. We then thought about connecting the private sector represented by the fruit producers with the educational institutions, targeting the young generations of our country, where the culture of fruit consumption is just about to be shaped. Our mission was to increase children fruit consumption, by offering them local fresh apples, sliced and delivered in an attractive package, thus making the consumption process "cool" for them. The chall...

If you need just money, go to the bank and don't use crowdfunding. Use crowdfunding if you need awareness building, campaigning, initiating debate, attract other funders and build up your community. When we started our first campaign for an energy independent school in Croatia, we didn't have the slightest idea where crowdfunding would take us. From conducting a successful campaign to setting up Crowdfunding Academy and UNDP Alternative Finance Lab , helping to launch more than 15 campaigns in 10+ countries - crowdfunding has definitely taken a hold on us. In the UK alone, crowdfunding for civic causes has gained $30 million over the last five years . But crowdfunding is so much more than about getting the required financing for your projec...