DEMOCRATIC REPUBLIC OF CONGO
UNCDF has been present in the Democratic Republic of Congo since 2004, helping the country meet its development challenges by supporting programmes in areas of inclusive finance and local development finance.
Today, UNCDF offers catalytic finance models that unlock public and private resources in “last mile” environments, especially at the domestic level, to reduce poverty and support local economic development.
UNCDF has also rolled-out Making Access Possible (MAP), which creates space to convene a wide range of stakeholders around evidence-based country diagnostics and dialogue that leads to the development of national financial inclusion roadmaps.
From 2010 to 2015, UNCDF piloted YouthStart in partnership with Mastercard Foundation with the objective to increase access to integrated financial services for youth aged 12-24. YouthStart has provided technical and financial assistance to 10 financial institutions in 8 Sub-Saharan countries. By the end of the Programme (2015), YouthStart tripled its targets reaching more than 635,000 youth with financial and non-financial services.
In addition, UNCDF is implementing the Appui à la Décentralisation et au Développement local (PADDL) programme to support the government in its decentralization strategy based on reforms made possible by the 2006 Constitution.
Currently UNCDF is implementing the JP UNCDF-UNDP - Action, Climate, Transformation through Inclusive Finance (ACTIF) in DRC, which aims to promote an inclusive financial environment in DRC. Driving USD 5.8 million including 85% Sweden contribution, between 2017-2020.
The projects impact includes a significant reduction in financial exclusion, contributing to the achievement of the DRC Sustainable Development Goals (SDGs) (particularly on poverty alleviation, inclusive growth and on reducing inequality).
By year 2020, at least 300,000 low income beneficiaries (a minimum of 55% women) directly benefit as a result of the project.