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UN General Assembly 76th Session - Side Event
The UN Capital Development Fund (UNCDF) plays an important role in the financing for development architecture in the LDCs. Its capital mandate enables the organization to play a distinct role in the UNDS -- in close cooperation with UNDP -- and to work as a hybrid development agency and development finance institution. Unique in the UNDS, UNCDF can issue grants, loans, and guarantees directly to the private sector in any productive sector of the economy.

The GFCR is the only global blended finance instrument dedicated to coral reefs and the first UN fund dedicated to SDG 14, ‘Life Below Water’. The Fund is driven by a coalition of private philanthropies, Member States, UN agencies and private sector impact investors with the aim to mobilise $625 million for coral reefs over the next 10 years. The GFCR’s Grant and Investment Window jointly leverage grants to unlock private sector investment in the blue economy, incubate investable projects and scale up reef-positive solutions that address indirect and direct drivers of reef degradation in line with the Fund’s Theory of Change.

The Joint SDG Fund is an innovative instrument to incentivize the transformative policy shifts and stimulate the strategic investments required to get the world back on track to meet the SDGs. The Joint SDG Fund announced in March the first grant to catalyze strategic financing to accelerate the SDGs, the first sizeable investment in this pipeline. Fiji was one of the 4 countries selected.

Sep 28, 2021 07:00 AM in Eastern Time (US and Canada)

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