Inclusive and Equitable Local Development (IELD)
The initiative is a global programme of UNCDF, UNDP, and UN Women, with the aim of supporting local governments to design, plan, implement and sustain local investments that take into consideration the differentiated and specific needs and priorities of poor women and men, with a particular emphasis on Transformative Impact Financing (TIF), an innovative approach to unlock domestic capital, for public and private infrastructure projects, which can have a transformative impact on women’s economic empowerment and entrepreneurship.
A gender-sensitive Local Economic Assessment (LEA), will be carried out in partnership with local governments and in consultation with local communities. The goal is to identify structural impediments that prevent poor women and men from entering the labour market; For instance, if women have to spend considerable time fetching water, then the programme will work with the local authorities to utilize their capital mandate and unlock fiscal transfers to invest in water infrastructure projects. This will free up time for the women to engage in productive activities. The assessment will examine the role of the private sector at the local level, its potential for growth in specific sectors, forward and backward linkages and relation to the national, regional and global economy. IELD will then identify a pipeline of investable projects: women’s enterprises and gender sensitive businesses that will have a transformative impact as well as create jobs for women and men. IELD will work with these enterprises, to build their capacity, upgrade their business plans, making it possible for them to obtain funding from domestic banks. IELD will work with banks, to build their capacities to understand this market and adjust their risk mitigation policies and compliance measures and unlock domestic capital for women enterprises. The pilot phase will be five years and cover three to four LDCs, while increasing country presence based on demand, resources and capacity to deliver effectively on agreed results.
- June 2016