Taffere Tesfachew, a career UN official, explains how the category of Least Developed Countries was created and how the United Nations Conference on Trade and Development (UNCTAD) works to support the group.

Capital Musings

#32 A Brief History of the LDCs

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs). With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.

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Capital Musings