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Who was appointed as the UNCDF executive secretary?

The United Nations Capital Development Fund (UNCDF) has appointed Preti Sinha as its executive secretary. She is an investment and development banker of Indian origin.
  • The Executive Secretary will focus on providing microfinance assistance to women, youth, and small and medium-sized enterprises in underserved communities. The executive secretary is the highest level of leadership of UNCDF.
  • Ms. Preeti will oversee the organization's efforts to provide scalable impact so that the international financial environment can serve the world's frontier and frontier markets.
  • She will put special emphasis on supporting the sustainable development of youth, women, small and medium enterprises and small farmers. After being appointed, she emphasized that her goal is to obtain a "C" in UNCDF (capital).
  • UNCDF was established by the United Nations General Assembly in 1966 to promote economic development throughout the world. Its headquarters are in New York. The organization helps provide microfinance to least developed countries (LDCs).
  • It also has the task of unlocking the full potential of public and private funds. The organization provides public and private financing services to the poor in 47 least developed countries in the world.
  • Least Developed Countries (LDC) is a list of developing countries that show the lowest indicators of socio-economic development. The list is compiled by the United Nations.
  • The countries with the lowest human development index scores in the world are classified as least developed countries. This concept originated in the 1960s. The United Nations listed the first group of least developed countries in Resolution 2768 (XXVI) adopted in 1971.
Published date : 18 Feb 2021 04:58PM

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