UNCDF officially established as "autonomous organization within the United Nations" with the purpose to "assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans" .
Governing Council reorients UNCDF's activities towards "first and foremost the least developed among the developing countries".
UNCDF began to focus on the role of local governments in planning, financing and maintaining capital investments. Also started supporting microcredit institutions, establishing itself as a leader in the field of Microfinance (precursor to Financial Inclusion)
Capital investment: technical assistance in Local Development Finance and Inclusive Finance. Part of UNDP Strategic Plan 2014-2017.
31 LDCs covered, responding to emerging development challenges, new development partners: private foundations and corporations.
Commemorative events held in 10 countries.
The Strategic Framework aims to support the achievement of sustainable development goals 1 and 17 in least developed countries by making finance work for inclusion, in collaboration with UNDP and other United Nations partners.
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