UNCDF side event during the Second Intergovernmental Preparatory Committee for the Fifth UN Conference on Least Developed Countries (LDC5) It is critical that the LDC5 Conference delivers concrete solutions that make finance work better for the LDCs and to leave no one behind.
Among such solutions, as articulated in the draft outcome document of LDC, is the establishment of a dedicated and sufficiently large blended finance de-risking facility for LDCs that is focused on providing catalytic capital to growth SMEs, small investment projects and other strategic investments with transformative SDG potential, in order to unlock further commercial and semi-commercial investments. If properly resourced, UNCDF’s BRIDGE Facility can serve as a dedicated financing mechanism, which can include flexible financing that can be used to attract additional resources from the private sector to SDG-aligned investments that can scale to address the needs of the LDCs, including for graduating LDCs.
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