Istanbul International Center for Private Sector in Development (IICPSD) was established in March 2011, following the partnership between United Nations Development Programme (UNDP) and the Government of Turkey. 

The purpose of the partnership is to foster global development partnerships addressing the challenges of developing countries and to accelerate progress in achieving internationally agreed upon Sustainable Development Goals. The partnership agreement will assist Turkey in maximizing its potential as a donor and a global development partner. The agreement also aims at furthering cooperation in areas of common interest between the Government of Turkey and UNDP including poverty reduction, democratic governance, environment and sustainable development, gender inequality and crisis prevention.