Least Developed Countries Fund (LDCF)
The Least Developed Countries Fund (LDCF) was established in 2001 under the UNFCCC, and is mandated to provide funding to the least developed countries (LDCs) to help prepare and implement National Adaptation Programs of Action (NAPAs). NAPAs are country-driven strategies that identify the most immediate needs of LDCs to adapt to climate change. Target sectors include water; agriculture and food security; health; disaster risk management and prevention; infrastructure; and fragile ecosystems. The LDCF focuses on reducing the vulnerability of key sectors, financing on-the-ground adaptation activities with concrete results.
The GEF Programming Strategy on Adaptation to Climate Change for the LDCF and the Special Climate Change Fund (SCCF) (July 2018-June 2022) serves as a basis for programming resources under the LDCF. The goal of the strategy is to strengthen resilience and reduce vulnerability to the adverse impacts of climate change in developing countries, and support their efforts to enhance adaptive capacity. To achieve this goal, the strategy emphasizes three strategic objectives for the LDCF:
- Objective 1: Reduce vulnerability and increase resilience through innovation and technology transfer for climate change adaptation;
- Objective 2: Mainstream climate change adaptation and resilience for systemic impact; and
- Objective 3: Foster enabling conditions for effective and integrated climate change adaptation.
The LDCF has financed over 250 projects with approximately USD 1.7 billion in grants
Based on a work program constitution to be approved by the LDCF/SCCF Council, similarly to the process undertaken for the GEF Trust Fund.