Foreword

UNCDF is a small and focused organization with a clear mission. With a capital mandate unique in the UN development system, UNCDF helps the Least Developed Countries (LDCs) get finance flowing to the people, local governments, and small enterprises that are underserved by and excluded from other financing mechanisms. We demonstrate every day how small amounts of Official Development Assistance (ODA) can help LDCs leverage public and private resources for maximum impact in the last mile.