Indian-origin investment and development banker Preeti Sinha has been appointed as the Executive Secretary of the UN Capital Development Fund (UNCDF).
Key Points
- The main focus of the UN Capital Development Fund is to provide micro-finance assistance to youth, women, small and medium-sized enterprises in under-served communities.
- Preeti Sinha has commenced her tenure as the Executive Secretary of UNCDF.
- Established in the year 1966, the New York-headquartered UNCDF provides micro-finance access to Least Developed Countries (LDCs), with the mandate to unlock the full potential of public and private finance.
- She will oversee the efforts of the organization to deliver scalable impact in order to make the international financial architecture work for the world’s frontier and pre-frontier markets.
- Sinha has succeeded Judith Karl.
- Sinha will lead the organization’s work to harness the untapped growth potential of the Least Developed Countries, to enable and empower local governments, communities, and small businesses to address the economic impacts of the COVID-19 pandemic while building more resilient and inclusive economies.
- Preeti has a global experience of three decades across investment and development finance during which she managed institutional public and private development capital.
UNCDF makes public and private finance work for the 46 least developed countries (LDCs) of the world to harness their untapped growth potential.
Last Modified: February 10, 2024