Nations Capital Development Fund (UNCDF)
adopted by UNCDF Executive Board for mainstreaming Brussels POA
by the Executive Secretary at LDC III
directed by UN General Assembly Resolution 3122 (XXVIII) of 1974,
the United Nations Capital Development Fund works first and foremost
in Least Developed Countries. Its contribution to the reduction
of poverty is in two areas of strategic assistance: support to decentralized
public investments and support to private investments through microfinance.
Within this context, the UNCDF approach is to support LDCs to pilot
small-scale investments that can be replicated on a larger scale
with the assistance of other development partners who can bring
additional financial support.
In September 2002, the Executive Board reaffirmed this orientation
by recognizing, in decision 2002/26 that, "the mission of the
United Nations Capital Development Fund is consistent with the main
objective of poverty reduction of the Millennium Declaration and
relevant to the implementation of the Brussels Programme of Action
for the Least Developed Countries adopted in 2001."
more information on UNCDF, please click here.