This report showcases the progress and potential of UNCDF in the transition to the new sustainabl
Over a quarter of the world’s population lacks access to electricity
The CleanStart Programme supports low-income consumers to transition to cleaner and more efficient energy through microfinance. CleanStart is a global UNCDF programme helping to lift at least 2.5 million people out of energy poverty by 2017. This will help contribute to achieving development goals on poverty and hunger, education, gender, health, and environmental sustainability.
In many developing countries, local governments lack the fiscal space to invest in ‘climate-proofing’ existing infrastructure
LoCAL (Local Climate Adaptive Living Facility) is the UNCDF facility for investment in local level climate resilience. The facility channels global adaptation finance to local governments - who are at the frontline of dealing with the effect of climate change - and enables them to invest in building local resilience.
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.