Where we work

Suresh Balakrishnan

Chief Technical Advisor

Suresh.Balakrishnan@uncdf.org

NEPAL

UNCDF has been active in Nepal since 1984, channelling technical assistance and capital investment in several thematic areas, emerging from its mandate from the UN General Assembly (UNGA) to assist LDCs in the development of their economies. With its capital mandate and instruments, UNCDF offers “last mile” finance models to unlock public and private capital, especially domestic resources, to reduce poverty and support local economic development.

In Nepal, UNCDF works closely with policymakers, ministries, subnational governments, financial service providers, development partners and stakeholders to offer innovative financial solutions that help unlock public and private finance at the local level. We accelerate the development of services leveraging digital finance and innovation by providing the right balance of technical expertise and financial support.

Through UNCDF's Inclusive Digital Economies practice, we have worked on expanding access to digital financial services and products, specifically targeting smallholder farmers and women. UNCDF has recently worked with partners to enhance access to digital credit platforms to extend the reach of financing, as well as increase uptake to insurance products in response to climate threats.

Under UNCDF's Local Transformative Finance practice, we are working as a financial and technical partner for local transformation, where we combine finance and investment instruments with sector expertise in subnational public and private finance. In partnership with the Town Development Fund (TDF), UNCDF prepares innovative solutions to expand financing for local governments and develop financing instruments that diversify and aggregate municipalities’ financial base.

Drawing lessons from the Local Climate Adaptive Living Facility (LoCAL) , UNCDF aims to support governments’ channel global climate adaptation financing to the local level to meet the challenges of climate change, and finance sustainable resilient infrastructures. LoCAL first piloted in Nepal in 2014 and in 2019 a scoping mission was undertaken to gauge the potential for scale up of performance-based climate resilience grants (PBCRGs) and the LoCAL mechanism as the country moves to a federal system. In all, 22 districts have been engaged through the LoCAL facility.

STORIES FROM THE FIELD

Our Team

Katmandu, Nepal

Chief Technical Advisor