Provision of Banking Services for UNDP in Maldives

Overview 

UNDP is the United Nations’ (UN) global development network, an organization advocating for change and connecting countries to knowledge, experience and resources to help people build a better life. UNDP is on the ground in 166 countries, working with them on their own solutions to global and national development challenges. As they develop local capacity, they draw on the people of UNDP and their wide range of partners. In each country office, the UNDP Resident Representative normally serves as the Resident Coordinator of development activities for the United Nations system as a whole. Through such coordination, UNDP seeks to ensure the most effective use of UN and international aid resources. More information about UNDP is available at the website http://www.undp.org.  
 

UNDP is a semi-autonomous organization reporting to the UN General Assembly and the UN Economic and Social Council. The Convention on the Privileges and Immunities of the United Nations dated 13 February 1946 is the key legal document that sets out the UN’s legal capacity, privileges and immunities necessary for the fulfillment of its purposes; and describes the status that its officials have been provided for the exercise of their functions. This Convention provides the precise confines of the UN’s juridical personality. 

At the minimum, the UNDP and participating UN agencies require that: