7 avsnitt

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.

Capital Musings UN Capital Development Fund (UNCDF)

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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.

    Capital Musings - Episode 7

    Capital Musings - Episode 7

    Choosing between living under the authority of a leviathan and a life that would be “poor, nasty, brutish, and short” was the centerpiece of Thomas Hobbes’ social contract theory. But how much of a leviathan do we need to ensure that we can live both peacefully and freely? More to the point, how capable do we want a government to be? If every government runs the risk of either being so “capable,” that it can become despotic, or so incapable that it can be absent, then what is the right balance? And what kind of government do we need in order to achieve the Sustainable Development Goals at the local and national level?

    Episode 7 of Capital Musings features our first external guest: Daron Acemoglu, Elizabeth and James Killian Professor of Economics at MIT, and the author of “The Narrow Corridor: States, Societies, and the Fate of Liberty.” He offers his answers to these questions as well as his thoughts on whether the SDGs represent the global economy breaking out of the “cage of norms” and towards a new model of economic growth.

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Fernando Zarauz, Carlos Macias

    • 30 min
    Capital Musings - Episode 6

    Capital Musings - Episode 6

    Over 70 million people have been displaced due to conflict, persecution or war. When we think of those who have been forcibly displaced—whether they are refugees, asylum seekers or internally displaced people—we often think of their lack of footing within their home or country. But we rarely think about how they contend with financial exclusion. How can displaced populations cultivate a financial role outside of their communities or countries? And what can they do to ensure that they are not resigned to a life of outside formal economies, specifically women?

    UNCDF’s Pamela Eser shares insights, lessons and challenges from her experience in one of the most difficult areas of economic development. She also shares how modern solutions like digital financial tools, coupled with traditional solutions like savings groups, have been effective in advancing financial inclusion for displaced people residing in some of the most difficult areas in the world.

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Victoria Guridi, Carlos Macias and Fernando Zarauz

    • 20 min
    Capital Musings - Episode 5

    Capital Musings - Episode 5

    UN Secretary General Antonio Guterres opened this year’s United Nations Climate Change Conference—or COP25—by issuing the warning that “the point of no-return is no longer over the horizon.” This follows the release of the UN Environment Programme’s Emissions Gap report, which stated that we are on the brink of missing the opportunity to limit global warming to 1.5 degrees Celsius.

    But do these circumstances mean that the international community will recognize the critical role of local governments to advance appropriate climate action? Will there be a more concerted effort to finance such climate action in the world’s least developed countries, which will feel the worst effects of climate change. And will this signal rising support for adaptation measures in relation to mitigation?

    David Jackson, Director of the Local Development Finance Practice of UNCDF who oversees our local climate adaptation programme (LoCAL), shares his thoughts on all of these questions, as well as what we can reasonably expect from this year’s COP25. We sat down with David just days before COP25. 

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

    • 30 min
    Capital Musings - Episode 4

    Capital Musings - Episode 4

    If you were asked "what is the difference between women's economic empowerment and women's economic development," would you know the answer?

    Women's economic empowerment has been an essential driver of the economic development agenda; uniting individual nations, multilateral organizations, NGOs and impact investors. But what does successful women's economic empowerment truly mean, particularly in the world's least developed countries? How can success be achieved when cultural challenges are pervasive and profound? And what are the prospects of achieving women's economic empowerment in the LDCs when we are so far behind in achieving the SDGs?

    Samina Anwar, Programme Manager for the Inclusive and Equitable Local Development programme--a joint programme of UN Women, UNDP and UNCDF--offers her insights on the future of women's economic empowerment in the LDCs and beyond. She also answers this question: if we do not achieve SDG5 (Gender Equality) by 2030, what would have been the reason?

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Victoria Guridi, Carlos Macias, Fernando Zarauz

    • 27 min
    Capital Musings - Episode 3

    Capital Musings - Episode 3

    The city of Los Angeles, with a population of roughly 4 million people, can issue a bond to fund infrastructure construction. Yet, the city of Nairobi—the capital city of Kenya with a population of roughly 3.5 million people—is effectively, if not actually, unable to do the same. Despite the global trend of urbanization, cities and local governments in developing countries experience tremendous difficulty accessing capital in international markets. If this persists, then sustainable development will ultimately skip over the cities, countries and markets where it is needed the most. On episode 3 of Capital Musings, we talk with Jaffer Machano, Global Programme Manager for UNCDF’s Municipal Investment Finance programme, about the challenges municipalities in developing countries face in accessing capital, and UNCDF’s vision for addressing this challenge.

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

    • 30 min
    Capital Musings - Episode 2

    Capital Musings - Episode 2

    Blended finance is seen as a tool that can unlock investment capital for projects in the world’s most challenging markets, notably in the least developed countries. So why is only 6% of blended finance, in the form of private capital mobilized by official development assistance, reaching these markets? That is the finding of a report recently released by UNCDF and the OECD. On Episode 2 of Capital Musings, Samuel Choritz, one of the lead authors of the report, explains why this is happening, as well as what is needed from a policy, regulatory and market standpoint to reverse the trend.

    Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

    Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

    • 28 min

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