Episode 9

S03.09 How the lack of financing impacts LDCs in the fight against climate change

In the context of COP26, today’s podcast is dedicated to the least developed countries. By now, the year 2021 has seen a familiar pattern of destructive impacts stemming from climate change, leading to increasingly devastating extreme weather events including fires, cyclones, hurricanes, floods, and droughts across the world. 

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.

About the Podcast

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Capital Musings
Capital Musings is the Podcast show of the UN Capital Development Fund (UNCDF)

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United Nations Capital Development Fund

The UN Capital Development Fund makes public and private finance work for the poor in the world’s 46 least developed countries (LDCs).

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.

UNCDF pursues innovative financing solutions through: (1) financial inclusion, which expands the opportunities for individuals, households, and small and medium-sized enterprises to participate in the local economy, while also providing differentiated products for women and men so they can climb out of poverty and manage their financial lives; (2) local development finance, which shows how fiscal decentralization, innovative municipal finance, and structured project finance can drive public and private funding that underpins local economic expansion, women’s economic empowerment, climate adaptation, and sustainable development; and (3) a least developed countries investment platform that deploys a tailored set of financial instruments to a growing pipeline of impactful projects in the “missing middle.’’