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Kigali - August 05, 2008: The Republic of Rwanda First Country to Support UNCDF Fund to Develop Savings-led Market Leaders for Inclusive Finance The Minister of Finance and Economic Planning (MINECOFIN), Mr. James Musoni, has signed on behalf of the Republic of Rwanda the project document of the new global fund launched by the UN Capital Development Fund “LDC Fund to develop savings-led market leaders for Inclusive Finance”. The fund should benefit the whole financial sector in Rwanda by promoting new financial service providers. Today, strong national financial service providers are showing an increasing willingness to expand their operations regionally and globally to other countries. This fund has been designed to build ...
VIENTIANE - August 01, 2008: United Nations Capital Development Fund Visits Provincial Local Development Projects Supported by UNCDF and Attended the GPAR Saravane Project Quarterly Stakeholder Meeting UNCDF field visit strengthened the partnerships with UNDP Lao PDR and the Government of Lao PDR A UNCDF mission led by Mr. Kadmiel Wekwete, Director of UNCDF Local Development Unit, recently visited the Lao PDR and attended the project quarterly stakeholder meeting of Good Governance and Public Administration Reform (GPAR) Saravane and GPAR Sekong projects in the southern part of Lao PDR. During the field visit to Saravane, the mission – composed by the UNCDF country team in Lao PDR and by the UNCDF Regional Office – had an opportunity to visit the local communities nearby the provincial town and to see some of the District Development Fund (DDF) funded projects. The m...
FREETOWN - July 31, 2008: Signing of the Microfinance Investment and Technical Assistance Facility (MITAF) Project Document Amendment Since 2003, the Government of Sierra Leone is cooperating with KfW, the United Nations Capital Development Fund (UNCDF), the United Nations Development Programme (UNDP) and Cordaid in a 5-year programme on "Developing a Sustainable Pro-Poor Financial Sector in Sierra Leone". The programme is implemented by the Microfinance Investment and Technical Assistance Facility (MITAF). Its overarching objective is to increase sustainable access to financial services for poor and low-income people in Sierra Leone. The program focuses on four outputs, namely: (i) Potential leaders of the microfinance indu...
 Bissau - July 28, 2008: Le PNUD appuie consolidation du secteur de la microfinance en Guinée Bissau L’ atelier de validation du Plan Directeur pour l’émergence d’un secteur financier inclusif tenu à Bissau a compté sur la participation des différents acteurs nationaux et partenaires internationaux. Le Plan Directeur pour l’Emergence d’un Secteur Financier Inclusif en Guinée Bissau a été validé par les divers partenaires nationaux et internationaux présents à l’atelier tenu à Bissau, du 24 au 25 juillet, organisé par le Ministère des Finances avec l’appui du PNUD et du FENU. Le document servira pour orienter les acteurs de la microfinance pour le développement du secteur afin de contribuer à la croissance économique du pays. Ce plan directeur, qui sera maintenant soumis au gouvernem...
New York - July 14, 2008: United Nations Capital Development Fund and the Government of the Grand Duchy of Luxembourg Sign Agreement to Strengthen their Relationship New agreement seen as structured framework for collaboration towards the achievement of the Millennium Development Goals The United Nations Capital Development Fund (UNCDF) and the Grand Duchy of Luxembourg signed an agreement to expand and extend their relationship through a coherent, predictable and structured framework for collaboration. With the signing of the Agreement, Luxembourg will further support UNCDF and the realization of its activities. Luxembourg recognized that UNCDF has an important role to play in the international context through its mission of Investing in the Least Developed Countries to help them achieve the Millennium Development Goals and the objectives of the Programme of Action for the ...
UNITED NATIONS, New York - June 30, 2008: United Nations Advisors Group delivers recommendations on key strategies to remove obstacles that prevent the poor from access to financial services The United Nations Advisors Group on Inclusive Financial Sectors gathered in New York to deliver recommendations on how governments, regulators, development partners, and the private sector can contribute to increasing access to financial products and services for the poor and micro entrepreneurs globally. The United Nations established the Advisors Group on Inclusive Financial Sectors for a two-year term following the 2005 International Year of Microcredit. The Advisors Group consists of more than twenty representatives from governments, central banks, regulatory agencies, microfinance instit...
DAR ES SALAAM - June 26, 2008: Government of Tanzania pleased with progress of UNCDF support to Local Economic Development During the recent visit by the Director of Local Development Practice in UNCDF, Kadmiel Wekwete, the Minister for Regional Administration and Local Government in Tanzania, Hon. Celina Kombani expressed satisfaction with the current ongoing partnership between the Government of Tanzania, UNCDF and UNDP in the implementation of the Support to Local Economy in Mwanza (SLEM) Programme. The programme was approved in 2006 and serves as a pilot for Local Economic Development (LED) for the Local Government Reform Programme of Tanzania. Briefing the Minister, the Mr. Wekwete explained how SLEM is...
YAOUNDE - May 20, 2008: Governments from Across Africa Gather in Cameroon to Discuss Links between Local Government and Poverty Reduction Ministers of Local Government from across Africa will convene at a meeting in Yaoundé next week to consider how strengthening local governance capacities in Africa can improve service delivery and help achieve the Millennium Development Goals on the continent. The gathering, which takes place from 28 to 30 May, carries the theme "From Policy to Implementation: Challenges and Strategies for Effective Implementation of Decentralized Governance in Africa". It will be attended by ministers and senior officials responsible for local government and decentralization, as well as heads of local...
KATHMANDU - May 15, 2008: Government replicates UNCDF performance based grant system in 75 District Development Committees The Government of Nepal has decided to replicate UNCDF’s performance based grant system in all of the country’s 75 District Development Committees linking the results of the performance assessment with its own development grant. The performance-based grant system is at the heart of UNCDF’s Decentralized Financing and Development Programme (DFDP), which aims to reduce poverty through supporting local governments to provide services and deliver targeted infrastructure in accordance with the Local Self Governance Act (LSGA) in an efficient, accountable and transparent manner. T...
SANAA - May 07, 2008: UNCDF: Mobilizing Capacity Development at the Local Level in Yemen Working through a decentralized governance structure to build the capacity of local authorities to plan, finance and implement their own development carries many inherent challenges. One such challenge is access – reaching numerous local councils in remote areas to meet and support their individual capacity building requirements. The United Nations Capital Development Fund (UNCDF), in partnership with UNDP in Yemen, has come up with one innovative approach that mobilizes the development training by making it mobile. The joint programme, known locally as the Decentralization and Local De...
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