Our projects in the region
Tiger Landscapes Investment Fund
UNCDF is supporting the development of the Tiger Landscapes Investment Facility, a blended finance facility, led in partnership with UNDP and the Tiger Conservation Coalition. The facility aims to mobilize up to US$200 million in public and private capital to support economic activities linked to the protection and sustainable management of tiger habitats. The initiative is expected to support at least 10,000 livelihoods linked to conservation outcomes.
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MSME Guarantee Facility - Afghanistan
In Afghanistan, UNCDF in partnership with UNDP has established a US$1.75 portfolio guarantee facility to support MSME financing in a highly constrained environment. As of December 2025, the facility had mobilized US$ 52.7 million in private capital to finance 17,977 MSMEs, including over 6,000 women-owned businesses. With a 30x leverage ratio, the facility is highly catalytic: every one dollar of this guarantee’s capital has unlocked US$30 in financing, for the real economy. This experience demonstrates UNCDF’s ability to operate in fragile settings, where risk-sharing mechanisms are required to restore confidence and enable financial sector activity.
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Credit Guarantee Facility - Myanmar
Following the March 2025 earthquake in Myanmar, UNCDF launched a US$800,000 portfolio guarantee facility to drive economic recovery and resilience for micro and small
enterprises. In partnership with Myanmar Apex Bank (MAB), the initiative reduces collateral requirements for Microfinance Institutions (MFIs), enabling them to unlock US$1.6 million in financing for quake-hit regions. The 2.5-year programme targets sectors like agriculture and retail, prioritizing women-owned and rural businesses, in fragile settings. Over two deployment cycles, it aims to leverage US$3.2 million, directly benefiting 6,000 entrepreneurs and supporting 30,000 individuals.
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Nature-based Solutions
Capitalized in 2024 with US$8.9 million in catalytic donor funding, a dedicated Pacific blue-economy facility provides MSMEs in the marine, fisheries, and coastal-tourism sectors with grants, technical assistance, and structuring support. Its primary goal is to leverage this foundation to mobilize an additional US$20 million in blended and impact capital over the coming cycle. In Fiji and Papua New Guinea, UNCDF deploys blue economy guarantees to lower the risk for banks that lend to sustainable reef and fishery businesses. A similar project is being developed for the Solomon Islands. Alongside these guarantees, the programme supports locally managed marine areas and coastal infrastructure. These efforts help build a steady stream of nature-based projects that are ready for the future.
Blue Lending Facility - Fiji
The Blue Lending Facility in Fiji, a joint initiative by UNCDF, UNDP, and UNEP, utilizes a US$ 920,000 credit guarantee to unlock US$ 1.3 million in loans for “reef-positive”
enterprises through the Fiji Development Bank. By de-risking investments in sustainable fishing, eco-tourism, and waste management, the project protects vital marine biodiversity while ensuring 30% of supported businesses are women-led. Integrated with climate risk insurance via PICAP, this financial framework strengthens the resilience of coastal communities, proving that ecological preservation and economic growth can thrive together.
Women’s Micro Bank – Papua New Guinea
UNCDF has developed a long-term engagement in Papua New Guinea focused on improving access to finance for underserved populations, particularly women-led enterprises. Working with Women’s Micro Bank Limited (Mama Bank), UNCDF has deployed a combination of investment grants, concessional loans, guarantees, and advisory support. To date, the engagement has resulted in 293 loans to women-led MSMEs and 29 loans to youth enterprises, alongside reduced borrowing costs and expanded access to credit. Through UNCDF support, Mama Bank extended parametric insurance coverage against cyclones, excess rainfall, drought, and earthquakes to 20,000 customers. Following a 6.6 magnitude earthquake in December 2025 led to 3200 individuals receiving insurance payouts to support recovery.
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Leaving no one behind (LNOB) in the Digital Era Programme - Bangladesh
With the Embassy of Switzerland’s support, UNCDF’s LNOB programme in Bangladesh uses remittance flows – Bangladesh received over US$30 billion in FY 2024–25 – to strengthen migrant families’ economic resilience across six migration-prone districts. Working with Financial Service Providers – including City Bank, Bank Asia, Dhaka Bank, Adorsho Prani Sheba, Zaynax and Red Tech – we designed remittance-linked savings, and women-focused credit and microinsurance products. Digital finance sits at the heart of the design, so each household’s own transactional and remittance data can replace traditional collateral. In 2025, the programme reached 6,400 community members (58% women) and trained 1,482 people in digital financial literacy (70% women). This marks early progress toward the 2028 target of reaching 800,000 people, helping families transition from consumption toward savings, investment, and diversified income.
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Pacific Digital Economy Programme
UNCDF is a core partner in the Pacific Digital Economy Programme (PDEP), implemented jointly with UNDP across 11 Pacific Island countries - Fiji, Samoa, Vanuatu, Papua New Guinea, Cook Islands, Solomon Islands, Marshall Islands, Federated States of Micronesia, Timor-Leste, Tonga and Kiribati. Since 2021, PDEP has focused on building the digital infrastructure necessary for innovation in the financial sector. It has secured 51 investment partnerships worth US$6.5 million with institutions including the Reserve Bank of Fiji, the Solomon Islands National Provident Fund, Bank of PNG, M-Selen, Our Telekom, Vodafone and Digicel. These partnerships have brought digital financial services to over 211,000 registered users (174,000 active); and advanced policy and regulatory reforms in nine countries.
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Pacific Insurance and Climate Adaptation Programme
The Pacific Insurance and Climate Adaptation Programme (PICAP) is a joint programme led by UNCDF, UNDP, and the UN University Institute for Environment and Human Security (UNU-EHS), in eight Pacific Island nations. Working with public and private sector partners, PICAP has designed and deployed parametric micro-insurance solutions to support low-income households and MSMEs to cope financially with the impacts of extreme weather events. PICAP leverages a fully digital ecosystem: households enroll via online platforms, pay premiums through mobile wallets, and receive payouts directly into their mobile money or bank accounts. Working with insurers and regulators - including Sun Insurance and Tower Insurance, Kiribati Insurance Corporation, Pacific Reinsurance, Pacific MMI, all the central bank in the region, the Solomon Islands National Provident Fund and a range of distribution partners - PICAP has reached over 50,000 people with parametric climate-risk insurance, 47% of whom are women, 1,864 persons with disabilities, and 3,836 of whom are social welfare recipients. It has piloted 33 new climate-risk products, helping avert an estimated US$15 million in climate-related losses, across the region.
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Financing adaptation investments with Local Climate Adaptive Living Facility (LoCAL and LoCAL+)
Through the LoCAL facility, UNCDF provides climate finance to subnational governments, empowering communities to adapt to the risks of climate change by investing in local economic resilience. For example, in Bangladesh, the LoCAL-affiliated LoGIC programme, has reached 2.2 million people across 29 subdistricts and has channeled US$10.92 million into over 1,000 local resilience projects. This programme is now evolving through a guarantee, where UNCDF and Sweden (SIDA) are collaborating directly with Bangladesh Bank’s Credit Guarantee Department on portfolio guarantee design. By moving beyond traditional grants, this initiative aims to de-risk domestic lending and unlock private capital for climate-resilient MSMEs, providing a scalable model for how frontier markets can transition away from reliance on declining ODA.
In the Solomon Islands, this approach is now being scaled across all nine provinces with a fiveyear envelope of US$15.6 million, supporting more than 20 infrastructure projects in the first cycle. In Tuvalu, three grant cycles have placed more than US$400,000 directly into outer-island Kaupules – arms of local governments – benefiting over 1,000 residents and training 31 local officials, 42 per cent of whom are women.
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