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ITC, UN Capital Development Fund Partner to Unlock Financing for Women, Youth and Small Businesses
The International Trade Centre (ITC) and the UN Capital Development Fund (UNCDF) this week strengthened their partnership to promote sustainable finance solutions for micro, small and medium-sized enterprises (MSMEs). ITC and UNCDF will focus on supporting businesses in frontier markets, emerging economies and least developed countries.
Priority areas for the Memorandum of Understanding include women’s economic empowerment through access to innovative financing, investment and markets; support of youth entrepreneurship, employment and vocational skills through investments and technical assistance; and boosting MSMEs’ ability to compete in local, regional and global markets.
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