Capital Musings

by the UN Capital Development Fund (UNCDF)

Episode 5

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Published on:

5th Dec 2019

2:00pm

Capital Musings

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UN Secretary General Antonio Guterres opened this year’s United Nations Climate Change Conference—or COP25—by issuing the warning that “the point of no-return is no longer over the horizon.” This follows the release of the UN Environment Programme’s Emissions Gap report, which stated that we are on the brink of missing the opportunity to limit global warming to 1.5 degrees Celsius.

But do these circumstances mean that the international community will recognize the critical role of local governments to advance appropriate climate action? Will there be a more concerted effort to finance such climate action in the world’s least developed countries, which will feel the worst effects of climate change. And will this signal rising support for adaptation measures in relation to mitigation?

David Jackson, Director of the Local Development Finance Practice of UNCDF who oversees our local climate adaptation programme (LoCAL), shares his thoughts on all of these questions, as well as what we can reasonably expect from this year’s COP25. We sat down with David just days before COP25. 

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

Episode 4

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Published on:

13th Nov 2019

2:00pm

Capital Musings - Episode 4

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If you were asked "what is the difference between women's economic empowerment and women's economic development," would you know the answer?

Women's economic empowerment has been an essential driver of the economic development agenda; uniting individual nations, multilateral organizations, NGOs and impact investors. But what does successful women's economic empowerment truly mean, particularly in the world's least developed countries? How can success be achieved when cultural challenges are pervasive and profound? And what are the prospects of achieving women's economic empowerment in the LDCs when we are so far behind in achieving the SDGs?

Samina Anwar, Programme Manager for the Inclusive and Equitable Local Development programme--a joint programme of UN Women, UNDP and UNCDF--offers her insights on the future of women's economic empowerment in the LDCs and beyond. She also answers this question: if we do not achieve SDG5 (Gender Equality) by 2030, what would have been the reason?

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Carlos Macias, Fernando Zarauz

Episode 3

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Published on:

22nd Oct 2019

2:00pm

Capital Musings - Episode 3

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The city of Los Angeles, with a population of roughly 4 million people, can issue a bond to fund infrastructure construction. Yet, the city of Nairobi—the capital city of Kenya with a population of roughly 3.5 million people—is effectively, if not actually, unable to do the same. Despite the global trend of urbanization, cities and local governments in developing countries experience tremendous difficulty accessing capital in international markets. If this persists, then sustainable development will ultimately skip over the cities, countries and markets where it is needed the most. On episode 3 of Capital Musings, we talk with Jaffer Machano, Global Programme Manager for UNCDF’s Municipal Investment Finance programme, about the challenges municipalities in developing countries face in accessing capital, and UNCDF’s vision for addressing this challenge.

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

Episode 2

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Published on:

9th Oct 2019

2:00pm

Capital Musings - Episode 2

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Blended finance is seen as a tool that can unlock investment capital for projects in the world’s most challenging markets, notably in the least developed countries. So why is only 6% of blended finance, in the form of private capital mobilized by official development assistance, reaching these markets? That is the finding of a report recently released by UNCDF and the OECD. On Episode 2 of Capital Musings, Samuel Choritz, one of the lead authors of the report, explains why this is happening, as well as what is needed from a policy, regulatory and market standpoint to reverse the trend.

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

Episode 1

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Published on:

20th Sep 2019

2:00pm

Capital Musings - Episode 1

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In the inaugural episode of Capital Musings, Esther Pan Sloane, Head of Partnerships, Policy and Communications for UNCDF, addresses a critical question in the area of sustainable development: with a global financial ecosystem that possesses abundant levels of capital, why is much of that capital not reaching the least-developed countries in the world where it is needed the most? Esther also discusses the importance of leveraging private capital and innovative finance in order to achieve the SDGs, as well as the mission and mandate of UNCDF.

Capital Musings is a production of the Partnerships, Policy and Communications unit of the United Nations Capital Development Fund and UN Web TV.

Producers: Victoria Guridi, Fernando Zarauz, Carlos Macias

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About the Podcast

Capital Musings
Capital Musings is the Podcast show of the UN Capital Development Fund (UNCDF)
The UN Capital Development Fund makes public and private finance work for the poor in the world’s 47 least developed countries (LDCs).

With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.

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UN Capital Development Fund