4,200 Households Stand to Benefit From A New Partnership With Bank of NTT

Nov 24, 2014

JAKARTA (November 24, 2014) – Around 4,200 households in Indonesia’s province of Nusa Tenggara Timur (NTT) are expected to benefit from a new agreement between UNDP with state-owned Bank NTT, to strengthen livelihoods of communities prone to climate change effects.

Under the agreement, Bank of NTT will smoothen UNDP’s support on target villages under the UN agency’s project called Strategic Planning and Action to strengthen climate resilience of Rural Communities (SPARC). The project focuses on strengthening and developing climate-resilient institutions and rural communities around livelihoods, food and water security in NTT, one of Indonesia’s driest and poorest provinces.

“Climate change affects the poorest of the poor in communities around the world, including in Indonesia. Underprivileged farmers, such of those in NTT for instance, don’t necessarily have the economic power and capacity to cope with extreme weather pattern,” said UNDP Indonesia Country Director, Beate Trankmann at the signing of the agreement in Jakarta on Friday (21/11)

“As such, we urgently need reliable and strong network to help out villages… This is where the Bank of NTT comes in to support UNDP’s SPARC project. The signing of today’s agreement will support the process to build those facilities – particularly in the most vulnerable villages, “ said Trankmann.

Around 4,200 households – from poor farmers to traditional sellers - throughout NTT province will benefit from the signing of the agreement, she added.

Under the UNDP’s SPARC project, villagers can propose building supporting facilities such as access of piped water to overcome a number of climate change-related challenges.

Director of Bank of NTT, Daniel Tagu Dedo, said the bank has committed to disburse $ 200,000  as part of its CSR program to support the implementation of UNDP’s S SPARC project in NTT .

“We have been given a presentation detailing climate change challenges faced by communities in NTT. We are very impressed by the rich information and knowledge presented to us in terms of varying needs of communities in NTT,” said Tagu Dedo.

“We are proud to have partnered with a credible agency such as UNDP,” Dedo added.

The agreement with Bank of NTT represents UNDP’s 1st experience of collaboration to a bank in Indonesia to strengthen community development.

Contact information

Tomi Soetjipto (suryo.tomi@undp.org)
Communication Analyst, HP 0811 888814

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