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New York - July 14, 2008: United Nations Capital Development Fund and the Government of the Grand Duchy of Luxembourg Sign Agreement to Strengthen their Relationship New agreement seen as structured framework for collaboration towards the achievement of the Millennium Development Goals The United Nations Capital Development Fund (UNCDF) and the Grand Duchy of Luxembourg signed an agreement to expand and extend their relationship through a coherent, predictable and structured framework for collaboration. With the signing of the Agreement, Luxembourg will further support UNCDF and the realization of its activities. Luxembourg recognized that UNCDF has an important role to play in the international context through its mission of Investing in the Least Developed Countries to help them achieve the Millennium Development Goals and the objectives of the Programme of Action for the ...
UNITED NATIONS, New York - June 30, 2008: United Nations Advisors Group delivers recommendations on key strategies to remove obstacles that prevent the poor from access to financial services The United Nations Advisors Group on Inclusive Financial Sectors gathered in New York to deliver recommendations on how governments, regulators, development partners, and the private sector can contribute to increasing access to financial products and services for the poor and micro entrepreneurs globally. The United Nations established the Advisors Group on Inclusive Financial Sectors for a two-year term following the 2005 International Year of Microcredit. The Advisors Group consists of more than twenty representatives from governments, central banks, regulatory agencies, microfinance instit...
DAR ES SALAAM - June 26, 2008: Government of Tanzania pleased with progress of UNCDF support to Local Economic Development During the recent visit by the Director of Local Development Practice in UNCDF, Kadmiel Wekwete, the Minister for Regional Administration and Local Government in Tanzania, Hon. Celina Kombani expressed satisfaction with the current ongoing partnership between the Government of Tanzania, UNCDF and UNDP in the implementation of the Support to Local Economy in Mwanza (SLEM) Programme. The programme was approved in 2006 and serves as a pilot for Local Economic Development (LED) for the Local Government Reform Programme of Tanzania. Briefing the Minister, the Mr. Wekwete explained how SLEM is...
YAOUNDE - May 20, 2008: Governments from Across Africa Gather in Cameroon to Discuss Links between Local Government and Poverty Reduction Ministers of Local Government from across Africa will convene at a meeting in Yaoundé next week to consider how strengthening local governance capacities in Africa can improve service delivery and help achieve the Millennium Development Goals on the continent. The gathering, which takes place from 28 to 30 May, carries the theme "From Policy to Implementation: Challenges and Strategies for Effective Implementation of Decentralized Governance in Africa". It will be attended by ministers and senior officials responsible for local government and decentralization, as well as heads of local...
KATHMANDU - May 15, 2008: Government replicates UNCDF performance based grant system in 75 District Development Committees The Government of Nepal has decided to replicate UNCDF’s performance based grant system in all of the country’s 75 District Development Committees linking the results of the performance assessment with its own development grant. The performance-based grant system is at the heart of UNCDF’s Decentralized Financing and Development Programme (DFDP), which aims to reduce poverty through supporting local governments to provide services and deliver targeted infrastructure in accordance with the Local Self Governance Act (LSGA) in an efficient, accountable and transparent manner. T...
SANAA - May 07, 2008: UNCDF: Mobilizing Capacity Development at the Local Level in Yemen Working through a decentralized governance structure to build the capacity of local authorities to plan, finance and implement their own development carries many inherent challenges. One such challenge is access – reaching numerous local councils in remote areas to meet and support their individual capacity building requirements. The United Nations Capital Development Fund (UNCDF), in partnership with UNDP in Yemen, has come up with one innovative approach that mobilizes the development training by making it mobile. The joint programme, known locally as the Decentralization and Local De...
FREETOWN - May 01, 2008: UNCDF Targets Local Councils in Sierra Leone for Training in Performance Budgeting A UNCDF initiative in Sierra Leone has launched a new assault in the battle against poverty: Training local authorities to develop budgets based on performance indicators, and to ensure transparency, accountability and results in their local development plans. Local councils in Sierra Leone are mandated by the Local Government Act of 2004 to prepare and review development plans each year, with detailed budgets. At a three-day training workshop on 13-15 May 2008, UNCDF will seek to ensure that council members are proficient in output-based planning and budgeting in support of accountable, meas...
FREETOWN - April 23, 2008: Sierra Leone: Rebuilding a Country, One Loan at a Time UNCDF-supported Microfinance Programme Helps Sierra Leonean Businesses to Recover from the Crisis After more than a decade of civil war, Sierra Leoneans began returning to their country in 2001 in search of lost homes and businesses. That same year, the American Refugee Committee started providing loans to returning and host populations to restart their businesses and lives. Clients used the loans to purchase basic equipment or supplies to begin or expand small-scale trading, production, and service businesses, such as carpentry, market gardens, or street-side tabletop retail enterprises. Within the first year of operations, the programme served more than 3,000 clients through three local ...
DILI - April 18, 2008: Supporting Inclusive Growth in Timor Leste by "Infusing" Financial Services for the Poor New programme addresses financial obstacles at both the level of the micro-entrepreneur and national sectoral policy UNCDF launched a major new initiative in Timor Leste that will facilitate easier access to credit, savings and other financial services for the economically disadvantaged, promote inclusive growth and raise the financial sector’s prospects in the country. The five-year, Inclusive Finance for the Under-Served Economy (INFUSE) is a joint programme between the United Nations Capital Development Fund (UNCDF) and the UN Development Programme (UNDP). It will be undertaken in collaboration with the Ministry of Economy and Development (MoED), of the Government of Timor-Leste. It seeks to c...
KAMPALA - April 07, 2008: UNCDF Pushes the Envelope on the Role of Local Authorities in Promoting Local Economic Development Second Experts Meeting held in Kampala, Uganda to Map out Specific Strategies Since the 1990s, many African national governments and the donor community have displayed a growing interest in Local Economic Development (LED) as a means of spurring economic growth and bringing economic benefits to deprived communities. The assumption is that while the public sector can best provide the basic engine for economic development through the provision of roads, markets and electricity, it is the local private sector that ultimately provides the fuel to generate the levels of growth that can bring people out of poverty. To further advance this line of thinking, the United Nations...
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