Spotlight On...

March 2016: We finalized our technical support to the World  Bank City Creditworthiness Initiative under our Rockefeller Foundation grant - see www.citycred.org.


July 23rd, 2015: In support of the Addis Ababa Action Agenda (click here) ratified by UN Members States at the Third International Conference on Financing for Development, the FfD Business Sector Steering Committee prepared the "Financing for Development Business Compendium: Existing Initiatives & Actionable Proposals to Mobilize the Private Sector for Achieving the Sustainable Development Goals" (click here). During the conference, GlobalDF presented “Connecting Supply and Demand: Building Local Infrastructure Markets for Sustainable Development Results” (click here)


June 25th, 2014: GlobalDF has launched an online donation service to increase its technical interventions aimed at sustainable solutions to poverty: Empowering individuals in the public and private sectors to grow the private sector, provide private capital, create jobs, and improve business-enabling environments.

Only with technical sustainable interventions can we together reduce the harm inflicted by poverty on millions of children and their parents, transforming the lives of millions of individuals and creating a more sustainable world for us all.

To donate via credit card or your PayPal account, please click below.

More information on GlobalDF can be obtained by emailing: donate@globalclearinghouse.org

NOTE: The Global Clearinghouse for Development Finance (“GlobalDF”) is classified by the United States Internal Revenue Service as a 501(c)(3) nonprofit organization. No benefit accrues to you as a result of your gift and your gift is fully tax deductible, as allowed by law.

Below are selected updates on GlobalDF's activities.

An Ugandan woman entrepreneur who could participate in the Uganda District Government-Investor Network aimed at identifying business opportunities and impediments that the government needs to address. GlobalDF has been working to help entrepenuers like her by providing financial technical advisory to projects. One example is a farmer cooperative of 18,000 farmers so they can have their own milk-processing firm, producung 100,000 liters of milk products a day.

The poor Uganda farmers contributed milk on a daily basis to raise the funds to construct the building for their own milk-processing plant shown above. A key focus of GlobalDF activities have been the development of agriculture processing projects that deliver greater profits to the local community, increasing incomes and resulting in economic spill-over effects enriching the larger community.

A milk collection centre in Isingiro, Uganda

GlobalDF empowers local businesses in developing countries by helping them develop bankable projects that are sustainable for the longer-term, creating jobs and providing needed services for the local communities.

A site for an Ugandan mini-hydro plant that would provide power required for the development of local businesses, transforming the regional economy and raising incomes. The project is also critical for improving the region’s living standards, as families now rely on expensive diesel fuel that is unhealthy.


GlobalDF's work actively supports the empowerment of women. In Uganda, projects with farmers and agricultural businesses have created greater business opportunities for women.


December 5th, 2013: GlobalDF Executive Director Dr. Barbara Samuels made a presentation on behalf of the private sector to the Second session of the United Nations Intergovernmental Committee of Experts on Sustainable Development Financing detailing the roadmap and actions required for an effective sustainable development financing strategy.

The powerpoint presentation is available at: http://sustainabledevelopment.un.org/index.php?page=view&type=12&nr=481&menu=1685&event=495

The UN Experts Committee, mandated as an outcome of the Rio+20 UN Conference on Sustainable Development, is preparing a report proposing options on an effective sustainable development financing strategy. The Committee is also tasked with assessing financing needs, considering the effectiveness, consistency and synergies of existing instruments and frameworks and evaluating additional initiatives.

March 2013: GlobalDF and IOS Partners recently completed the study, “Needs Assessment for Risk Mitigation in Africa: Demands and Solutions.

This report is available on the website of the Infrastructure Consortium for Africa www.icafrica.org and at the following link: http://www.icafrica.org/fileadmin/documents/Knowledge/ICA_publications/IRMA%20FINAL%20REPORT-AfDB%20Official%20v2.pdf

The study was co-sponsored by the Initiative for Risk Mitigation (IRMA), the Italian Development Cooperation, and the African Development Bank.  African Risk Mitigation Workshops are also being implemented as part of this project to improve the capacity of African government officials to improve access to private finance.

October 10, 2013: GlobalDF Executive Director Dr. Samuels chaired the Africa CEO Business Climate and Investment Summit, sponsored by Africa Investor in association with the World Bank.  For more information, please see: http://www.ainewswire.com/?p=1294

September 26, 2013: GlobalDF Executive Director Dr. Barbara Samuels chaired the Africa investor CEO Institutional Investment Summit and Index Series Awards at the New York Stock Exchange.  For more information, please see: http://www.ainewswire.com/?p=1289#more-1289

 

December 7th, 2011 The Global Clearinghouse and the UN Capital Development Fund cosponsored the UN Side Event "Resource Mobilization in Less Developed Countries," presenting their partnership, The Local Economic Development Finance Initiative ("LFI").

LFI employs innovative financing approaches to unlock domestic financial sectors in developing countries by identifying, developing and financing demonstration projects that deliver critical infrastructure services critical to local economic development, combined with innovative capacity building approaches. Activities include the training of local private sector Technical Service Providers and government officials, and on-line tools for improving government effectiveness, private sector engagement, and the business-enabling environment. In this way, LFI is designed to unlock domestic financial sectors through a dual approach of demonstration "proof of concept" projects and capacity-building processes scaled up country wide,  empowering both the government and the private sector and catalyzing the requisite changes in related processes. 
 
Please see more information on LFI below. For the presentation, please click here.
 
MORE INFORMATION ON LFI
 
LFI is a global thematic initiative of the UN Capital Development Fund (UNCDF) developed with the Global Clearinghouse for Development Finance (GlobalDF) targeted on unlocking access to domestic finance for strategic investments that advance local economic development and private sector growth in developing countries. LFI targets interventions aimed at blockage points that impede domestic finance. Best practice in the use of partial guarantees for larger infrastructure projects (e.g., at the World Bank) has proven to leverage limited ODA resources by multiple factors. In September 2010, the Global Clearinghouse (GlobalDF) and the United Nations Capital Development Fund (UNCDF) officially launched LDFI with support from the Swiss Agency for Development and Cooperation. The overall objective of LDFI was to assist in unlocking access to domestic finance for strategic investments that advance local economic development and private sector growth in developing countries.

Activities included the following:

(1) Credit Enhancement: Access to reimbursable finance or grants for credit enhancement, e.g., partial guarantees, first loss facilities, partial risk guarantees, output-based aid, initial equity injections, etc;

(2) Project Preparation: Facilitated the development of bankable projects that could be presented to domestic commercial banks and institutional investors for financing;

(3) Performance-Tracking Facility: Developed performance-metrics (data on deal execution, volume, structures, leverage ratios and investment impediments, etc.), using GlobalDF local development finance on-line toolkits; and

(4) Capacity-Building: Created grassroots apacity through training and tools.

-Local Technical Service Providers (TSPs) were selected, contracted, trained (if necessary) and “certified” by UNCDF and GlobalDF.

-LDFI offered existing on-line tools developed by GlobalDF for enhanced access to information on local development finance, informed decision-making, and improved accountability.

(5) Joint Advocacy and Knowledge Building: Invited partners to join UNCDF in utilizing its UN platform to advocate for scalable solutions to developing sources of local development finance and the capacity of governments and private sector participants to access finance.


The “FfD Toolkit” was launched in 2008 at the Doha UN Financing for Development International Conference to increase the capacity of governments, development agencies, and donors to mobilize the private sector for development. To access presentations made by the FfD Pilot Leaders on their challenges, success stories, and next steps, please see below:

- National Government-Investor Networks: Javier Chamorro, Executive Director, ProNicaragua [Presentation]
- Regional Government-Private Sector Networks: Mercedes de Mena, Director of Tourism, Central American Integration System (SICA) [Presentation]
- Increasing the Effectiveness of Development Agencies: Dr. Nick Rischbieth, Executive President, Central American Bank for Economic Integration (CABEI) [Presentation]

To access the presentations launching the three FfD Tools, please see below:
- Launch of GOVERNMENT-INVESTOR NETWORK SERVICE: Morena Mercado, Coordinator, Central American Government-Private Sector Tourism Network and Lucy Valenti, President, Nicaraguan National Tourism Chamber of Commerce  [Presentation]
- Launch of INFRADEV: Bob Sheppard and Tom Cochran, Co-Chairs, INFRADEV & Infrastructure Experts Group [Presentation]
- Launch of DEVELOPMENT FINANCE PORTAL: James Mutende, Senior Investment, Uganda Investment Authority [Presentation]

For the full DOHA BUSINESS FORUM AGENDA AND PRESENTATIONS, please click here.