What is the United Nations Capital Development Fund (UNCDF) and what is its role?

United Nations And Its Agencies Questions



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What is the United Nations Capital Development Fund (UNCDF) and what is its role?

The United Nations Capital Development Fund (UNCDF) is a specialized agency of the United Nations that focuses on providing financial services and investment capital to the world's least developed countries (LDCs). Its role is to support sustainable development by promoting inclusive economic growth, poverty reduction, and the achievement of the Sustainable Development Goals (SDGs) in these countries. UNCDF works to unlock public and private finance for local development projects, strengthen local financial institutions, and improve access to financial services for marginalized populations.