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Israel Trade & Economic Office, Embassy of Israel

Official Blog Network

Israeli sponsored “Entrepreneurship for Development” U.N. resolution passes

The UN General Assembly has passed a resoution proposed by Israel to encourage private and public sector entrepreneurship as the best way to deal with the challenges of poverty and job creation. 129 countries voted in favor of the resolution, 31 countries voted against, and nine countries abstained, as reported by Globes and CNN.

“The Israeli spirit of entrepreneurship and creativity prevailed at the UN today,” said Israel’s Ambassador to the UN Ron Prosor. ” As a state that was founded in difficult circumstances, we have been able to create opportunities for talented people and have become an enterprising superpower. Creating a culture of entrepreneurship can work miracles and drive economies forward. Investing in human resources is a real message that Israel conveys to the developing world.”

A review by Israel’s Mission to the UN and Mashav found that young entrepreneurs in many developing countries face bureaucratic obstacles, social barriers, and a lack of financing, even though entrepreneurship is an important tool for economic growth, improving the standard of living, and improving the quality of the environment. This is the first time in the UN’s history that it has adopted a resolution that emphasizes entrepreneurship as a means of fighting poverty, reported Globes.

The resolution calls on governments and companies to strengthen the capabilities of domestic financial institutions to aid people who have no access to banking services, and encourages these countries to adopt administrative and regulatory structures to establish to provision of financial services to such people, especially women.

CNN reported on one shining example of domestic initiative:  Albina Ruiz, the founder of Lima-based Ciudad Saludable, is a poster child for the economic benefits of entrepreneurship that creates immense social value. She built a community-based waste management system that plays an increasingly important role in improving sanitation and health conditions in Peru and other Latin American countries. Started just 10 years ago, Ciudad Saludable now serves more than 3 million residents in the slums of Lima alone.

CNN credited Israel’s delegation for engaging  fellow member countries in dialogue to encourage a global approach to promote entrepreneurship. The success of the resolution will provide a necessary pathway for stimulating future entrepreneurs and help equip world leaders to be better able to solve complex and fast-changing economic and social problems.

For the full Globes article click here.

For the full CNN article click here.

For the statement by Ambassador Ron Prosor click here.