A Technology Bank for Least Developed Countries has moved closer to starting operations following the UN Secretary-General’s appointment of members to a Governing Council. A dedicated Trust Fund has also been established to support the preparatory phase of the Technology Bank in the lead up to its establishment by the General Assembly. This Trust Fund is open to contributions from Member States and other stakeholders, including the private sector and foundations. Continue reading
Senior representatives from over 30 Asia-Pacific countries ended a three day United Nations economic committee here today, calling for a rethink of economic growth strategies and policies in support of the 2030 Agenda for Sustainable Development. Continue reading
A United Nations Development Programme training to help Least Developed Countries participate more effectively in international climate change negotiations commenced on Monday, with representatives from more than 20 countries slated to attend. Continue reading
On June 8, UNCDF launched its Illustrated Annual Report “Paving the Way for Post-2015: Unlocking Public and Private Finance Solutions”. This annual report showcases the progress and potential of UNCDF. It spotlights the results on what – based on UNCDF’s experience – are three powerful and effective ways to maximize resources for the post-2015 agenda: using ‘smart’ ODA as a critical ingredient for domestic resource mobilization; investing in financial inclusion, facilitated by digital finance, as a key driver for individual and household engagement in the local economy; and localizing the flows of public and private finance and investment in infrastructure, which has proven acceleration, empowerment, and de-risking effects for local economic development. Continue reading
Asia-Pacific policymakers, together with business and civil society representatives from around 40 countries in the region, agreed to a landmark financing strategy to harness the region’s immense financial resources for inclusive and sustainable growth.
Endorsed at a high-level consultation organized by the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and the Government of the Republic of Indonesia, the regional action plan on financing for development outlines ways to mobilize new and additional financial resources to transform the regional development landscape. Continue reading
Representatives from all line ministries of Samoa, civil society organizations and development partners participated in an all-stakeholder meeting to officially launch a new initiative aimed to address climate change in all economic sectors of Samoa. The “Economy-wide Adaptation to Climate Change” programme, is implemented by the Government of Samoa, with assistance from UNDP and financing of US $12.3 million from the Least Developed Countries Fund, of the Global Environment Facility. Continue reading