Least Developed Countries Fund (LDCF)
Development cooperation , 11.12.2018

Least Developed Countries Fund (LDCF)

Description

The LDCF is a voluntary trust fund established under the UNFCCC, and managed by the GEF, to address the special needs of the Least Developed Countries (LDCs) that are especially vulnerable to the adverse impacts of climate change. Specifically, the LDCF is tasked with financing the preparation and implementation of National Adaptation Programs of Action (NAPAs). NAPAs use existing information to identify a country’s priorities for adaptation actions. The LDCF is the only existing fund whose mandate is to finance the preparation and implementation of the NAPAs. The LDCF is also mandated to support the preparation of the National Adaptation Plan Process in LDCs. According to the latest report as at April 30, 2018, 51 countries had completed and submitted their NAPAs. All of the Finnish least developed country partners have completed their NAPAs. Furthermore, project approvals in support of the implementation of the NAPAs have been made in favour of 50 LDCs and 207 projects in total. Many of the projects include also components supporting the NAP Process. As for expected results, 144 out of 172 approved projects provided an estimate of the number of direct beneficiaries - these seek to directly reduce the vulnerability of more than 20 million people. Furthermore, 80 LDCF projects are already supporting countries in their efforts to integrate climate change adaptation into national development policies, plans and frameworks.

Funding decision  11.12.2018

2 000 000 €

Target region

Developing countries

Objectives monitored by OECD's Development Assistance Committee

  • Climate change - adaptation
  • Aid to environment

Field of activity

  • Environmental policy and administrative management 100%

Type of aid

Core contributions to multilateral institutions

Funding channel

  • Global Environment Facility - Least Developed Countries Fund
  • Maailmanpankkiryhmä

Contact

keo-90

Code for the object of funding

89891963

ID

UHA2018-007388

Modified

18.12.2018