The 2014 UNCDF Annual Report showcases the progress and potential of UNCDF in the transition to the new sustainable development agenda. 2014 was a transitional year for development. As countries make a final push toward the Millennium Development Goals while negotiating a new development framework, UNCDF has been an active participant on both fronts.
The report highlights the results of UNCDF’s work in 2014 and what – based on our experience – are three powerful and effective ways to maximize resources for the Post-2015 Development Agenda. Firstly, using ‘smart’ ODA as a critical ingredient for domestic resource mobilization. Secondly, investing in financial inclusion, facilitated by digital finance, as a key driver for individual and household engagement in the local economy. Thirdly, localizing the flows of public and private finance, and investment in infrastructure, which has proven acceleration, empowerment, and de-risking effects for local economic development.
It also depicts the efforts undertaken by UNCDF and its development partners to support countries to meet their ambitious national development plans to make a lasting contribution toward the achievement of inclusive growth, and to ensure that the new development era will be one of real transformation.