The Madrid Plan is a crucial document that outlines the goals and objectives of the United Nations Industrial Development Organization (UNIDO) – a specialized agency of the United Nations that promotes industrial development for poverty reduction, inclusive globalization, and environmental sustainability. But in which year was this plan established? Let’s dive into the details.
The Establishment of the Madrid Plan
The Madrid Plan was established during the 7th session of the UNIDO General Conference in Madrid, Spain, on November 23rd, 1987. This conference was attended by representatives from various member states who discussed and approved the plan as a blueprint for UNIDO’s future activities.
What is Included in the Madrid Plan?
The Madrid Plan outlines UNIDO’s mandate to promote industrial development as a key driver of economic growth and sustainable development in developing countries. It emphasizes the need to promote inclusive and equitable industrialization that benefits all segments of society, especially women, youth, and marginalized groups.
The plan also highlights UNIDO’s commitment to promoting environmentally sustainable industrial practices and technologies that reduce carbon emissions, minimize waste generation, and conserve natural resources.
Impact of the Madrid Plan
Since its establishment in 1987, the Madrid Plan has played a significant role in guiding UNIDO’s activities around the world. The organization has worked with member states to implement various industrial development programs and projects that have contributed to poverty reduction, job creation, and economic growth.
One notable example is UNIDO’s flagship program – The Investment Promotion Program – which provides technical assistance to developing countries in attracting foreign direct investment (FDI). This program has helped to create jobs, transfer technology and knowledge, increase exports and improve access to markets for developing countries.
Conclusion
In conclusion, the Madrid Plan was established during the 7th session of UNIDO General Conference in Madrid on November 23rd, 1987. It outlines UNIDO’s mandate to promote inclusive and sustainable industrialization as a driver of economic growth and development. Since its launch, the Madrid Plan has played a crucial role in guiding UNIDO’s activities and promoting industrial development around the world.
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