March 15

Switzerland Pledges 15 Million Francs to the Bamboo-UNCDF Initiative for the Least Developed Fund

Private Sector Engagement (PSE) is highlighted in the Swiss International Cooperation Strategy 2021–24 as an important modality to achieve sustainable development and poverty reduction. As part of the ambition to partner with the private sector in the achievement of the Sustainable Development Goals (SDGs), the Swiss Agency for Development and Cooperation (SDC) committed 15 million Swiss francs for the Bamboo-UNCDF Initiative for the Least Developed (BUILD) Fund.

The BUILD Fund is a unique investment fund in support of small and medium-sized enterprises (SMEs) in least developed and lower middle income countries (LDCs and LMICs). Combining public and private investments, it will catalyse positive impact on the ground and contribute to achieve the SDGs.

Photo courtesy of Andre Moura.

Source: Business Ghana (link opens in a new window)

blended finance, business development, financial inclusion, MSMEs, poverty alleviation, SDGs