Today UNCDF celebrates its 50th anniversary.
Much has changed in the world since UNCDF’s founding in 1966, and while its programmes have evolved over the years, its guiding mission has remained very much the same: making finance work for the poor.
Mobile Money for the Poor (MM4P) is a programme launched by UNCDF in partnership with the Swedish International Development Agency (Sida), the Australian Department of Foreign Affairs and Trade (DFAT), the Bill & Melinda Gates Foundation and The MasterCard Foundation. MM4P provides support to digital financial services (DFS) in a selected group of least developed countries (LDCs) to demonstrate how the correct mix of financial, technical and policy support can build a robust DFS ecosystem that reaches low-income people in LDCs.
Mobile phones have transformed lives in rich and poor countries alike. Of the world’s 7 billion people, there are now 6 billion phone subscriptions globally compared with 2 billion or so bank accounts. Across 40 UN-designated Least Developed Countries (LDCs) surveyed by UNCDF, mobile phone penetration was at 30% while access to a bank account was 14% on average. More striking are the growth rates – with mobile phone penetration growth reaching double digits, growing at a rate of 23% a year, while financial access growth is flat.
The Government of Sweden and the United Nations Capital Development Fund (UNCDF) today launched UNCDF's Last Mile Finance Trust Fund, a multi-partner trust fund to support Least Developed Countries (LDCs) in their pursuit of the Sustainable Development Goals and their graduation targets in the context of the Istanbul Programme of Action.
The United Nations Capital Development Fund (UNCDF) and the United Nations Conference on Trade and Development (UNCTAD) have announced a commitment to strengthen their joint work on policy research and analysis; technical cooperation; and capacity building.
The Istanbul Programme of Action, the Agenda 2030 for Sustainable Development, and the Addis Ababa Action Agenda, all recognize the importance of ensuring that inclusive growth underpins sustainable development.
Date: 18 April 2016, 1:15 pm - 2:30 pm
Location: CR-6 (Conference Room 6, General Assembly Building 1B)
Organised by: UNCDF, Financing for Development Office, in collaboration with FMDV
In collaboration with the Financing for Development Office of the United Nations Department of Economic and Social Affairs and the Government of Tanzania, UNCDF launched a global series of expert group consultations on municipal finance in Dar es Salaam, Tanzania on 29 February – 1 March 2016.
With its recent decision to allocate US$3 million (or 25 million SEK) to UNCDF’s 2016 Regular Resources (or “core"), the Swedish Government has confirmed its strong commitment to UNCDF’s work supporting the world’s Least Developed Countries (LDCs) on their road to graduation.
As one of UNCDF’s top donor countries, Sweden has become a key partner to UNCDF in the fight to eradicate poverty through “last mile” finance models that unlock public and private resources.