Least Developed Countries Fund
The Least Developed Countries Fund (LDCF) was established under the United Nations Framework Convention on Climate Change (UNFCCC) at it seventh session in Marrakech and is managed by the GEF. The fund addresses the special needs of the 48 Least Developed Countries (LDCs), which are especially vulnerable to the adverse impacts of climate change. This includes preparing and implementing National Adaptation Programmes of Action (NAPAs) to identify urgent and immediate needs of LDCs to adapt to climate change.
So far the GEF has received pledges of voluntary contributions of about $172 million for the LDCF; its target in the next 4 years is to reach $500 million, which is the amount estimated by the UNFCCC needed to finance NAPA implementation. To date, 15 donors have pledged to the LDCF: Canada, Denmark, Finland, France, Germany, Ireland, Italy, Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, and United Kingdom. Donor countries are continuing to contribute to the LDCF on a voluntary basis.
- Global Environment Facility (GEF)
- UN Development Programme (UNDP)
- Least Developed Countries (LDC)
- Capacity Building