The United Nations Capital Development Fund (UNCDF) appointed Preeti Sinha, an Investment and development Banker of Indian Origin as the New Executive Secretary of UNCDF. Sinha succeeds Judith Karl, who retired in February 2021.
Preethi Sinha started her tenure on 15th February 2021.
Roles of Preeti Sinha as Executive Secretary:
i.Preeti Sinha will be overseeing the efforts of UNCDF in delivering scalable impacts to enable the international financial architecture work for the world’s frontier and pre-frontier markets.
ii.She will focus on the sustainable development for women, youth and small and medium sized enterprises, smallholder farmers and other underserved communities.
iii.She will also focus on harnessing the untapped growth potential of the Least Developed Countries (LDCs) to support the communities, local government and small businesses to address the impacts of COVID-19.
iv.She will also oversee the “last mile” finance model of UNCDF which will unlock the public and private resources at domestic level to reduce poverty and enhance local economic development.
About Preeti Sinha:
Preeti Sinha has served as the CEO & President of FFD Financing for Development LLC.
She has also served as the Senior President and Global Convenor of the YES Bank Institute.
Recent Related news:
Jayati Ghosh (65 years), Indian development economist has been appointed by the United Nations to its 2nd term of High-level Advisory Board (HLAB-II) on Economic and Social Affairs.
She has been appointed for a 2-year term on the board of 20 prominent individuals which will provide recommendations for the U.N. Secretary-General to respond to the current and future socio-economic challenges in the post-COVID-19 world.
Executive Secretary– Preeti Sinha
Headquarters– New York
Established in 1966