United Nations Capital Development Fund


Established in 1966 as a special purpose fund primarily for small-scale investment in the poorest countries, the United Nations Capital Development Fund (UNCDF) has come in recent years through intense, necessary and far-reaching changes. Today, UNCDF works to help eradicate poverty through local development programmes and microfinance operations. Through its focus on two areas of concentration, UNCDF has strengthened its identity and competence. That was the principal conclusion of the 1999 external evaluation of the Fund, subsequently endorsed by its Executive Board in September 1999.

UNCDF is a member of the United Nations Development Programme (UNDP) group, and reports to UNDP's Executive Board. As such, UNCDF works in close partnership with UNDP in areas ranging from joint programming to administrative and logistical support. The UNDP Resident Representative represents UNCDF at the country level.

The Fund derives its resources from voluntary contributions made by member states, and from co-financing by governments, international organizations and the private sector. UNCDF is committed to results-based management, combining quality programming with financially sound management. The Fund produces concrete results through programmes that pilot innovative approaches to local development and microfinance for replication on a larger scale.

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