The UN Capital Development Fund has appointed Indian-origin investment and development banker Preeti Sinha as its Executive Secretary, whose focus will be on providing micro-finance assistance to women, youth, small and medium-sized enterprises in under-served communities.
Sinha commenced her tenure as UNCDF Executive Secretary, the highest leadership rank in the institution, on Monday. She succeeds Judith Karl, who retired in February after concluding her 30-year career in the United Nations.
The United Nations Capital Development Fund (UNCDF), which makes finance work for the world’s 46 Least Developed Countries (LDCs), she will lead UNCDF in its mandate to unlock public and private finance for the LDCs. “With the excellent team at UNCDF, my aspirations are for the ‘C’ – the Capital at UNCDF – to be highly catalytic in mobilizing manifold the public and private finance for the LDCs it serves and in developing a new era of engagement with capital markets in 2021 and onwards,” said Ms Sinha.
“I warmly welcome Ms Sinha as she embarks on her new role leading the UN Capital Development Fund (UNCDF),” said UNDP Administrator Mr Achim Steiner. “UNCDF’s support for the world’s Least Developed Countries is critical, and I look forward to continuing the strong partnership between our organizations into the future.”
Sinha will lead UNCDF’s work to harness the untapped growth potential of the 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. She has three decades of global experience across investment and development finance during which she managed institutional public and private development capital.
Previously, she managed the YES Global Institute, a practising private sector think-tank for socio-economic development in New Delhi, building the impact investment ecosystem in India. She also served in senior resource mobilisation roles at the African Development Bank. Sinha graduated from the Harvard Kennedy School of Government Executive Education program in Public Financial Management. She holds a Master’s in Global Leadership from the World Economic Forum and a Master’s in Public and Private Management (MPPM)/MBA from the Yale School of Management. She is an alumnus of Dartmouth College, where she completed her Bachelor of Arts in Economics and Computer Science.
The UNCDF programmes “help to empower women, and are designed to catalyse larger capital flows from the private sector, national governments and development partners, for maximum impact towards the internationally agreed developments goals and makes public and private finance work for the world’s 46 least developed countries (LDCs) to harness their untapped growth potential.”