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Improving Access to Finance for the Least Developed Countries (UN-OHRLLS)

Document Summary: 
This report lays out seven key recommendations for financiers and donors, as well as LDC governments, in facilitating more financing to the LDCs: 1. Expand the roll out of the Integrated National Financing Framework (INFFs) to all LDCs with expanded support from the INFF facility. 2. Deepen collaboration across generalist and sector-specific preparation/institutional reform preparation facilities, ideally through a national coordination unit. 3. Critically evaluate and enhance LDC-specific funding windows for eligibility and basic requirements, including disbursements and monitoring, to better match capacity. 4. Promote inter-LDC sharing of expertise and experience through a coordination mechanism with regular virtual meetings. 5. Expand the scope and volume of capacity building support to LDC institutions and ministries in the design, negotiation, implementation and monitoring of blended finance transactions. 6. Critically review procurement procedures to allow for funding of own staffing costs instead of third-party technical services when undertaking capacity building for LDCs. 7. Assess the current pipeline of LDC¡¯s own high priority climate finance projects globally to identify common challenges and opportunities amongst the LDCs.
Author: 
Zach Bloomfield, Jenni Henderson, UN-OHRLLS
Publication Date: 
2023
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