On 18 December 2006, UNDP Administrator Kemal Derviş and Spanish Secretary of State for International Cooperation Leire Pajín signed a landmark agreement to programme €528 million over the next four years through the UN system. The aim was to accelerate progress towards key Millennium Development Goals and related development goals in selected sectors and countries. This agreement paved the way for the establishment of the MDG Achievement Fund (MDG-F), which was launched in the first quarter of 2007.