The United Nations Capital Development Fund (UNCDF) is the UN’s capital investment agency for the world’s 48 Least Developed Countries (LDCs).
UNCDF uses its capital mandate to help LDCs pursue inclusive growth. This is done in three ways:
First, using ‘smart’ Official Development Assistance (ODA) to leverage and unlock public and private domestic resources for local development.
Second, promoting financial inclusion, which includes digital finance, as a key enabler of poverty reduction and inclusive growth.
Third, demonstrating how localizing finance outside the capital cities can accelerate growth in local economies, promote sustainable and climate resilient infrastructure development, and empower local communities.