The Istanbul Programme of Action, the Agenda 2030 for Sustainable Development, and the Addis Abab
UNCDF discusses hot development topics with Experts and Practitioners
Every month, we rope in experts and practitioners to get to know more about hot development topics and answer your questions through our live social media feeds. Catch up on the conversations here.
The UN Capital Development Fund turns 50!
UNCDF turns 50 in 2016, the very first year that the global community has been collectively called upon to step up to the challenge of achieving the SDGs. The history of UNCDF is more than the story of an agency’s growth from a small fund financing stand-alone capital infrastructure, to an organization with the unique role of testing new financial models to reach the ‘last mile’, helping public and private actors develop sustainable models to support growth that is inclusive and sustainable.
Some 78 percent of the 200 million young people in sub-Saharan Africa live on less than US$2 a day, and 48 percent live on less than $1 a day.
YouthStart, a UNCDF initiative established in partnership with The MasterCard Foundation, aims to increase access to financial services for low-income youth in sub-Saharan Africa, with an emphasis on savings and financial education. The programme helps to design, test and scale up sustainable services tailored to the needs of young people, while helping to create an enabling regulatory environment for young people to access the right financial services they need to make sound financial decisions.
Public-private partnerships have become a mainstay of growth and development for rich and poor countries alike.
Local Finance Initiative is designed to promote sustainable, inclusive and equitable growth in Least Developed Countries (LDCs) by developing local investment opportunities that can deliver transformative impact for financing by the private sector and preferably domestic capital markets. The design phase of the programme confirmed that domestic capital is not used to support small and medium-scale infrastructure development at the rural and sub-national level.
Over 2.7 billion people around the world do not use formal financial services.
MicroLead, a global initiative to support the development and roll-out of deposit services by regulated financial service providers, seeks to respond to the rural vacuum of services. MicroLead is working with a variety of FSPs and TSPs to reach rural markets with demand-driven, responsibly priced products offered via alternative delivery channels in combination with financial education so that customers not only have access but actually use quality services.