Overview

Funded by the German Federal Ministry of Economic Cooperation and Development (BMZ), the Least Developed Countries (LDC) Engagement Initiative supports government-led financial risk management in countries where the insurance industry has been reluctant to engage.

The LDC Engagement Initiative is working to lift barriers to inclusive insurance and risk management in LDCs, supporting governments to integrate risk transfer into development frameworks and to build enabling environments for market development. The Initiative is also working with the insurance industry to identify insurance and risk financing opportunities that can support and protect economic and social development.

The initiative is currently active in the Union of the Comoros, Senegal and Uganda, with more countries set to participate as the project expands.

Building on a history of engagement

UNDP has a foundation of long-term work on governance and development in least developed countries that it can leverage to support the LDC Engagement Initiative, ensuring that investments in long-term financial resilience are made even in challenging contexts.

Where we
work

Supporting Risk Management in LDCs.

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The boundaries and names shown and the designations on this map do not imply official endorsement or acceptance by the United Nations.