UNCDF’s Advisory Council convenes leaders spanning an array of financial sectors, including: institutional investment, development finance, economic development and financial media. In coordination with the two highest ranking leaders within UNCDF—Executive Secretary Preeti Sinha and Xavier Michon, Deputy Executive Secretary—Council members will advise UNCDF on optimizing its unique role within the global financial architecture as a hybrid development organization and development finance institution.
The Council comes into existence at a point in time when the world’s 46 least developed countries are at significant risk of experiencing a lost decade of development, in significant part because of the harsh economic impacts stemming from the COVID-19 pandemic. Mitigating this “lost decade” will require mobilizing international and domestic private investment capital, which can support projects in LDC markets that possess commercial and development potential.
In meeting this challenge, the Council will contribute its considerable investment experience, innovation capital and thought leadership to support UNCDF in its aim to become a hybrid between a development agency and a development finance institution. This specifically entails UNCDF offering more integrated and scalable solutions that combine our development expertise with our financing expertise and instruments, as well as scaling up the capital investments and financial advisory support that it has piloted over the past several years.
Get the latest news, resources and insights delivered directly to your inbox