UNCDF appoints investment and development banker Preeti Sinha as executive secretary – World News , NewsGater

Preeti Sinha. Image: Edited for resolution by Tech2, Preeti Sinha / Twitter

The United Nations Capital Development Fund (UNCDF) has announced Preeti Sinha as its Executive Secretary, who said the focus will be on providing microfinance assistance to women, youth, and small and medium-sized enterprises in underserved communities. Ms. Sinha began her tenure as UNCDF Executive Secretary, the highest leadership rank at the institution, on Monday. Established in 1966, the New York-based organization provides access to microfinance to least developed countries (LDCs), with a mandate to unleash the full potential of public and private finance.

She will “oversee the organization’s efforts to generate scalable impact to make the international financial architecture work for the world’s frontier and frontier markets; with a specific emphasis on supporting sustainable development for women, youth, small and medium-sized businesses. “. small businesses, small farmers and other traditionally underserved communities. “

Preeti Sinha. Image: Edited for resolution by Tech2, Preeti Sinha / Twitter

In a statement, Ms Sinha said her goal would be to make the “C” in UNCDF (capital) “highly catalytic in mobilizing multiple public and private finance for the LDCs it serves and in developing a new era of engagement with capital markets in 2021 and beyond. ” Sinha succeeds Judith Karl, who retired in February after concluding her 30-year career at the United Nations, the agency said.

UNDP Administrator Achim Steiner welcomed Sinha. “UNCDF support to the world’s least developed countries is critical, and I look forward to continuing the strong partnership between our organizations in the future,” he said in the statement.

Ms. Sinha will lead UNCDF’s work to harness the untapped growth potential of LDCs, to enable and empower communities, local governments and small businesses to address the economic impacts of the COVID-19 pandemic while building more resilient and inclusive economies, the agency said.

As Executive Secretary, Ms. Sinha “will oversee UNCDF ‘last mile’ financial models that unlock public and private resources, especially at the national level, to reduce poverty and support local economic development.”

Ms. Sinha has three decades of global development finance and investment experience during which she managed public and private institutional development capital.

The UNCDF statement said Sinha served as CEO and President of FFD Financing for Development LLC, a specialized development finance firm in Geneva, which focuses on resource mobilization, donor relations, markets for Innovative capital, partnerships, strategy, business development and impact investing advice for finance. the UN Sustainable Development Goals (SDGs).

Previously, Ms Sinha led the YES Global Institute, a private sector think tank for socio-economic development in New Delhi, which built the impact investing ecosystem in India, the agency said, adding that she also held senior positions. level in resource mobilization at the African Development Bank.

Ms. Sinha graduated from the Harvard Kennedy School of Government Executive Education program in Public Financial Management.

He holds a Master of Global Leadership from the World Economic Forum and a Master of Public and Private Management (MPPM) / MBA from the Yale School of Management (SOM).

She is an alumnus of Dartmouth College, where she completed her BA in Economics and Computer Science.

UNCDF “makes public and private finance work for the world’s 46 least developed countries (LDCs) to tap into their untapped growth potential.”

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Its programs “help to empower women and are designed to catalyze increased flows of capital from the private sector, national governments and development partners, to achieve maximum impact towards internationally agreed development goals.”