Jump to content
 







Main menu
   


Navigation  



Main page
Contents
Current events
Random article
About Wikipedia
Contact us
Donate
 




Contribute  



Help
Learn to edit
Community portal
Recent changes
Upload file
 








Search  



























Create account

Log in
 









Create account
 Log in
 




Pages for logged out editors learn more  



Contributions
Talk
 



















Contents

   



(Top)
 


1 History  





2 References  














United Nations Capital Development Fund






العربية
Deutsch
Español
Français
Italiano
Русский
Soomaaliga
Suomi
Svenska
Tiếng Vit
 

Edit links
 









Article
Talk
 

















Read
Edit
View history
 








Tools
   


Actions  



Read
Edit
View history
 




General  



What links here
Related changes
Upload file
Special pages
Permanent link
Page information
Cite this page
Get shortened URL
Download QR code
Wikidata item
 




Print/export  



Download as PDF
Printable version
 


















From Wikipedia, the free encyclopedia
 


United Nations Capital Development Fund
AbbreviationUNCDF
Formation1966; 58 years ago (1966)
Legal statusActive
HeadquartersNew York, US

Executive Secretary

Pradeep Kurukulasuriya (since April 2024)

Parent organization

United Nations General Assembly
United Nations Economic and Social Council
Websitewww.uncdf.org
icon Politics portal

The United Nations Capital Development Fund (UNCDF) assists developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants, loans and guarantees, first and foremost for the least developed countries (LDCs) among the developing countries.

As a Flagship Catalytic Blended Financing platform of the UN, UNCDF utilizes its unique capability to crowd-in finance for the scaling of development impact where the needs are greatest—a capability rooted in UNCDF’s unique investment mandate—to support the achievement of the 2030 Agenda for Sustainable Development and the realization of the Doha Programme of Action for the least developed countries, 2022–2031.

Established by the General Assembly in 1966 and with headquarters in New York City, UNCDF is an autonomous UN organization affiliated with UNDP.[1]

UNCDF's CleanStart programme providing a shopkeeper with solar-powered lighting to counter light poverty in an off-grid area of Uganda, as part of its inclusive finance practice area

The original UNCDF mandate from the UN General Assembly (UNGA) is to “assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans” (General Assembly Resolution 2186, 13 December 1966).[2] The mandate was modified in 1973 to serve first and foremost but not exclusively the LDCs.

The current Executive Secretary of UNCDF is Pradeep Kurukulasuriya.[3]

History[edit]

Former logo of UNCDF.

Created by the General Assembly in 1966 to promote economic development, UNCDF officially was established as an "autonomous organization within the United Nations" with the purpose to "assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans".

In 1973, the Governing Council reoriented UNCDF's activities towards "first and foremost the least developed among the developing countries" and it began focusing on the world's least developed countries in 1974.

For the next twenty years, UNCDF financed stand-alone capital infrastructure—roads, bridges, irrigation schemes—mostly in Africa. It received about $40 million in core funding per year and operated out of UNDP country offices.

In the mid-1990s, UNCDF began focusing on the role local governments could play in planning, financing, and maintaining capital investments. Promoting effective infrastructure investment and service delivery via decentralized public financial management has been UNCDF's mainstay ever since. UNCDF's other major area of expertise—microfinance—also dates to the mid-1990s, when many of its rural development projects had credit components.

UNCDF's resources remain modest compared to many multilateral organizations. However, it has developed a considerable track record of going where others do not, and then “leveraging in” larger sources of public and private capital. In the words of a 2008 assessment by the Government of Sweden, “UNCDF should be seen as a development actor that paves the way for others, rather than a financing mechanism.

In 2013, UNCDF received the highest score in the SmartAid for Microfinance Index,[4] a measure of overall effectiveness in microfinance.

References[edit]

  1. ^ "Africa Platform".
  • ^ "UNGA" (PDF). Archived from the original (PDF) on 31 May 2013.
  • ^ "UNCDF". 9 April 2024.
  • ^ "CGAP" (PDF). Archived from the original (PDF) on 31 March 2014.

  • Retrieved from "https://en.wikipedia.org/w/index.php?title=United_Nations_Capital_Development_Fund&oldid=1227915767"

    Categories: 
    Microfinance organizations
    Organizations established in 1966
    Organizations established by the United Nations
    United Nations Development Group
    Hidden categories: 
    Articles with short description
    Short description with empty Wikidata description
    Articles lacking in-text citations from May 2010
    All articles lacking in-text citations
    Articles with ISNI identifiers
    Articles with VIAF identifiers
    Articles with BNF identifiers
    Articles with BNFdata identifiers
    Articles with CANTICN identifiers
    Articles with GND identifiers
    Articles with J9U identifiers
    Articles with LCCN identifiers
    Articles with NKC identifiers
    Articles with NLA identifiers
    Articles with SUDOC identifiers
     



    This page was last edited on 8 June 2024, at 13:38 (UTC).

    Text is available under the Creative Commons Attribution-ShareAlike License 4.0; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. Wikipedia® is a registered trademark of the Wikimedia Foundation, Inc., a non-profit organization.



    Privacy policy

    About Wikipedia

    Disclaimers

    Contact Wikipedia

    Code of Conduct

    Developers

    Statistics

    Cookie statement

    Mobile view



    Wikimedia Foundation
    Powered by MediaWiki