KMC to get $26M UNCDF Blue Peace Fund for Development

This was recently discussed during Mayor Talib Ahmed Bensouda’s visit to UNCDF HQ in order to get a status report on the much anticipated $26 million blue peace fund ear-marked for Kanifing Municipality and to review what bottle necks have delayed its disbursement.

Mayor Bensouda was among delegates who attended the just ended Round Table of Mayors Migration Council meeting where several other Mayors around the globe, ODI fellows and several development funds and philanthropist organizations represented under the UN General Assembly.

He also received a special invitation from the Mayor of Amman to Jordan to review areas of support for Kanifing Municipality. Former Mayor of Bristol Marvin Rees (current chair of MMC) and the Freetown Mayor Yvonne Ali Sawyer also pledged to visit Kanifing this year to deepen cooperation among them.

Bensouda also received progress report on the status of Kanifing Entry into the Bloomberg philanthropies fellowship program which marked successes and progress in all areas!

According to the background information of UNCDF, the United Nations Capital Development Fund assists developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants, loans and guarantees, first and foremost for the least developed among the developing countries.

As a Flagship Catalytic Blended Financing platform of the UN, UNCDF utilises its unique capability to crowd-in finance for the scaling of development impact where the needs are greatest—a capability rooted in UNCDF’s unique investment mandate—to support the achievement of the 2030 Agenda for Sustainable Development and the realisation of the Doha Programme of Action for the least developed countries, 2022–2031.

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