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.
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.