The Government of the Grand Duchy of Luxembourg and the United Nations Capital Development
Fund entered a framework agreement in 2008. The agreement recognized the important role UNCDF plays in the international context through its mandate to help the Least Developed Countries (LDCs) achieve their development goals and the Programme of Action for the LDCs. It also acknowledged the essential advisory and support UNCDF offers in the elaboration of public policies in developing countries to enable decentralization and local development and to build inclusive financial sectors to support LDCs in the fight against poverty and help make the transition to development.