The UN Capital Development Fund has appointed Indian-origin investment and development banker Preeti Sinha as its Executive Secretary, the highest leadership rank in the institution. She succeeds Judith Karl. He will work with a focus on providing micro-finance assistance to women, youth, small and medium-sized enterprises in under-served communities.
Study Material for all the upcoming Bank and Insurance exams in 2021: Bank Maha Pack
About United Nations Capital Development Fund
- The New York-based United Nations Capital Development Fund is an autonomous UN organization affiliated with UNDP. It was established in 1966.
- The original mandate of UNCDF: to assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans.
- The organisation provides micro-finance access to the 47 Least Developed Countries (LDCs) of the world, to help them unlock the full potential of public and private finance.
Paris Olympics 2024 Medal Tally, India M...
Which District of Uttar Pradesh is known...
Which District of Haryana is Known as Br...
