Australian Multilateral Assessment - March 2012

The United Nations Capital Development Fund’s (UNCDF) mandate is to bring services to people who are underserved or overlooked entirely by the private sector and their own government. UNCDF works as part of the UN system to extend financial services and basic government services to poor people in least developed countries. It focuses on Africa and Asia, often in countries struggling to recover from crisis or conflict, and has a growing portfolio in the Pacific in partnership with Australia. UNCDF provides support in 48 least developed countries and expenditure in 2009 totalled around US$40 million.

Australia does not provide UNCDF with core funding. In 2010–11, Australia provided UNCDF with $3.9 million in non-core funding for programs in the Pacific.