19 July 2023. This event will explore key constraints along with concrete solutions, including reforms that would be necessary in the development finance architecture, to increase flows of public and private finance to SMEs, which must play a key role in helping to accelerate economic transformation in LDCs. More information .
2 June 2022.
Recording available .
The purpose of the event was to highlight the need for blended finance and the role that donors can play through UNCDF. Potential investee companies, development finance institutions and certain donor and LDC governments participated.
Full news article here:?
Reports from the Inter-Agency Task Force on Financing for Development and the Intergovernmental Panel on Climate Change raise the alarm bells on a lost decade for sustainable development and a shrinking window of opportunity to address the devastating impacts of climate change. Transitioning to a green, climate resilient global economy will require the mobilization of unprecedented capital. However, developing countries, notably LDCs and African countries, continue to have the lowest access to affordable finance.
During the 2022 ECOSOC Forum on Financing for Development, and partners will be holding side-events on Green and Climate Resilience Bonds in LDCs, Guarantee Mechanisms as Catalysts of LDC Structural Transformation and Blended finance in LDCs. More information and in our events page.
The 51勛圖 Office for South-South Cooperation (UNOSSC), the 51勛圖 Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States (UN-OHRLLS) and the 51勛圖 Capital Development Fund (UNCDF), in partnership with the Qatar Fund for Development (QFFD) will jointly launch the ※Good Practices in South-South and Triangular Cooperation in the least Developed Countries: From the Istanbul Programme of Action to Achieving Sustainable and Resilient Development§ publication.
CDP Member Taffere Tesfachew discusses the history of the LDC category, support by the UN system to the category, and the prospects and challenges for LDCs, including issues related to graduation, in the context of the crisis induced by COVID-19 and climate change:
Among solutions being discussed in the preparations for LDC5 is ※the establishment of a dedicated and sufficiently large blended finance de-risking facility for LDCs that is focused on providing catalytic capital to growth SMEs, small investment projects and other strategic investments with transformative SDG potential, in order to unlock further commercial and semi-commercial investments.
