UNCDF operates where there is a significant gap that is not being filled by other development finance actors in the least developed countries (LDCs). UNCDF deploys public resources (such as official development assistance, or ODA) to reveal new markets and create incentives to attract private capital. UNCDF pilot projects that are supported by local governments and local banks, address critical gaps in development, and can be scaled up to yield significant benefits.
To this end, UNCDF and International Financial Institutions (IFIs), including the World Bank Group and other multilateral and regional development banks, have established mutually-beneficial partnerships to enhance support for national governments and local communities and improve the sustainability of development efforts.
This brochure summarizes some of the joint efforts undertaken by UNCDF in conjunction with other IFIs.