Financial inclusion can lead to the economic empowerment of women in powerful ways. UNCDF sees women as actors in—rather than beneficiaries of—change processes, recognizing their role as entrepreneurs, employees and consumers.
The initiative is a global programme of UNCDF, UNDP, and UN Women, with the aim of supporting local governments to design, plan, implement and sustain local investments that take into consideration the differentiated and specific needs and priorities of poor women and men, with a particular emphasis on Transformative Impact Financing (TIF), an innovative approach to unlock domestic capital, for public and private infrastructure projects, which can have a transformative impact on women’s economic empowerment and entrepreneurship.
The programme has been conceived to provide solutions for local FSN in LDCs through increased public, public-private and community investments to fill missing links in global food security interventions. The innovative nature of the programme is in ensuring that local food systems are improved through strategic investments and in a holistic, systematic and gender-sensitive manner at local level. The goal is to ensure more effective food security interventions coordinated through local governments. These governments have increasing responsibilities for local development and service provision and land and resources use.
Each year, the poor spend $37 billion on poor-quality energy solutions to meet their lighting and cooking needs. In both urban and rural areas, the upfront costs of purchasing or using cleaner energy are high for the poor, leading to underdeveloped markets and weak supply chains.
Local authorities of Least Developed Countries (LDCs) are in a unique position to identify the climate change adaptation responses that best meet local needs, and have the mandate to undertake the small- to medium-sized adaptation investments required for building climate resilience.
Local Cross Border Development Initiative (LOBI) and Local Transformative and Uplifting Solutions (LOTUS)
Cross-border cooperation is crucial for peace, stability and increased economic development in many cross-border zones, where social, cultural and economic ties are intense and result in active and dynamic movements of people and resources across borders.
MAP is a multi-country financial diagnostic programme that, by providing data at the country level, offers a powerful platform to encourage private sector investments in expanding financial inclusion, by supporting critical market data-driven investment decisions and establishing an enabling environment to incentivize those investments.
Over half of the 2 billion unbanked have access to mobile phones, but due to lower incomes and economic activity, and poorer infrastructure and regulatory environments, banks and Mobile Network Operators (MNOs) have not invested in these services in LDCs.