UNCDF has been present in Tanzania since 1982, promoting local economic development and financial inclusion, and enhancing local government alternative sources of funds to finance local infrastructure.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
Through Financial Inclusion Practice, UNCDF is implementing MicroLead, a global initiative that working with variety of financial institutions developing, piloting and scaling deposit services for low-income, rural populations, particularly women. Additionally, UNCDF is implementing YouthStart, a global programme which is increasing access to financial services for low-income youth, with an emphasis on savings and financial education. CleanStart programme is supporting clean energy policy development and providing risk capital and technical assistance to competitively selected financial service providers and energy enterprises on a regional or national levels.
Through Local Development Finance Practice, UNCDF is implementing Local Finance Initiative (LFI), bridging the gap between local infrastructure needs and available funds. Additionally, Local Climate Adaptive Living (LoCAL) helps governments channel global climate adaptation financing to the local level, to cope with increased cost of building resilience against climate change and natural disasters. In Tanzania, rapid urbanization has incentivized UNCDF to pilot its Municipal Investment Finance (MIF) programme and to develop financing instruments that diversify and aggregate municipalities’ financial base.