Projects and programmes

Last Mile Finance Trust Fund (LMF-TF)

Between 2016 and 2026, the Last Mile Finance Trust Fund provided a flexible vehicle for partners to support the LDCs in their pursuit for sustainable development through innovative finance.

About the Last Mile Finance Trust Fund and the LDCs

In line with the Addis Ababa Action Agenda and the Agenda 2030

To ensure that growth is equitable and sustainable, leaving no one behind, it is important that finance flows to the “last mile”—where development needs are greatest and where resources are most scarce.

The Last Mile Finance Trust Fund allowed donors to support the UN Capital Development Fund’s use of innovative financing and business models to promote sustainable development in the “last mile” areas of the Least Developed Countries (LDCs): where resources are scarcest and the development challenges for underserved populations the greatest.

The LMF-TF allowed UNCDF to use different types of funding from public and private donors to reinforce each other—core funding that supports operations and earmarked non-core funding for programs and form an intermediary flexible and thematic funding for the organization to be more efficient and effective.

In this way, UNCDF provided support along the entire spectrum of an investment’s financing needs to support LDC governments, build capacity in the public and private sectors, and realized the goal of building viable, sustainable businesses that continue their development impact into the future.

To know more about the Governance of the Last Mile Finance Trust Fund, please consult the Trust Fund Document.

Six thematic windows

Financial innovation

Investments of loans, guarantees and other financial instruments are facilitated through the BRIDGE Facility which aims to catalyze growth capital for SMEs, Financial Service Providers (FSPs), municipalities, and other entities that bring basic services and infrastructure to people in last-mile markets.

Inclusive digital economies

Creating new opportunities for larger funding, particularly in the areas of MSME finance and growth (Digital Catalysts), digital skills (Digital Futures), and Policy and Advocacy.

Local transformative finance

Support policy, financial and technical support for local infrastructure to local governments to unlock impact capital from financiers including domestic banks, domestic capital markets and international financiers.

Women's economic empowerment

Address the barriers to digital and financial inclusion of all women in LDCs by enhancing women’s capabilities, enabling their access to digital and financial services, and transform cities into spaces of equal opportunities by targeting those who are vulnerable and marginalized.

Sustainable food systems finance

Transformation towards sustainable and inclusive food systems can help address hunger, food insecurity and malnutrition and improve health by addressing diet-related diseases, as well as fight poverty, protect and restore biodiversity, and tackle climate change through GHG reduction.

Climate, energy and biodiversity

Increase investment in enhanced decentralised energy markets. Build biodiversity financial systems, expedite private investment, and create markets that conserve, transform, and evaluate nature assets. Promote vertical integration of the Nationally Determined Contributions and National Adaptation Plan process and emphasise nature-based solutions and sustainable biodiversity.

The latest


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Contact us

For more information on the Last Mile Finance Trust Fund (LMF-TF), please contact uncdf.contributions@uncdf.org.