26 February 2025 | New York

The UN Capital Development Fund was present at the Finance in Common Summit in Cape Town, where the team highlighted the critical role of public development banks in scaling sustainable investments and ensuring finance reaches underserved markets.

As we approach the fourth UN Conference on Financing for Development in Seville, the UN Capital Development Fund emphasized the need to enable public development banks to take on risk, attract private capital, and expand into early-stage markets—particularly in the world's Least Developed Countries and Small Island Developing States.

With a unique capital mandate and non-credit-rated status, the UN Capital Development Fund is positioned to de-risk investments, deploy blended finance solutions, and strengthen financial ecosystems at the last mile. Our engagement underscored the importance of strengthening national development banks in the least developed countries, leveraging catalytic finance, and forging partnerships to mobilize resources where they are needed most.

Looking toward the conference in Seville, the UN Capital Development Fund remains committed to translating these priorities into action and ensuring development finance reaches the last mile.