Improving Access to Finance for the Least Developed Countries

LDCs have had diverse recent experiences and perceptions of challenges in accessing all forms of financing, including for traditional development programming and for climate change mitigation and adaptation projects. Those with more favorable experiences tended to report having well-coordinated ministries and a systematic approach for aligning development priorities with funding opportunities, but even for these relatively better organized governments sufficient external financing cannot be accessed.

In addition to macroeconomic challenges, the core challenges impeding LDC access to finance include insufficient technical resources for project preparation, insufficient project management capacity, onerous and fragmented financier requirements, inability to marshal a coordinated approach across donors and financiers, weak public financial management practices, and insufficient technical expertise in climate change programming.

To address these challenges, this report lays out seven key recommendations for financiers and donors, as well as LDC governments, in facilitating more financing to the LDCs.

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