Preeti Sinha

Shashank Raj Gupta
Preeti Sinha

Question: Which of the following UN agency has recently appointed Preti Sinha as its executive secretary?
a) IFAD
b) ITU
c) UNCDF
d) FAO
Answer: (c)
Related Facts:-

  • The United Nations Capital Development Fund (UNCDF) has appointed Preti Sinha as its executive secretary.
  • She is an investment and development banker of Indian origin.

She has been entrusted by the agency with a duty to focus on providing microfinance assistance for women and youth in underserved communities.

  • UNCDF in the present times is focusing such assistance for the people of underserved communities, involved in small and medium-sized enterprises.
  • The executive secretary is the highest level of leadership of UNCDF.
  • Ms. Preeti will oversee the organization’s efforts to provide scalable impact in the international financial environment.
  • She will put special emphasis on supporting the sustainable development of youth, women, small and medium enterprises and small farmers.
  • After being appointed, she emphasized that her goal is to obtain a “C” in UNCDF (capital).
  • United Nations Capital Development Fund (UNCDF):-

UNCDF was established by the United Nations General Assembly in 1966 to promote economic development throughout the world.

  • Its headquarters are in New York.
  • The organization helps provide microfinance to least developed countries (LDCs).
  • It also has the task of unlocking the full potential of public and private funds.
  • The organization provides public and private financing services to the poor in 47 least developed countries (LDCs) in the world.
  • Least Developed Countries (LDC):-

Least Developed Countries (LDC) is a list of developing countries that show the lowest indicators of socio-economic development.

  • The list is compiled by the United Nations.

The countries with the lowest human development index scores in the world are classified as least developed countries.

  • This concept originated in the 1960s.
  • The United Nations listed the first group of least developed countries in Resolution 2768 (XXVI) adopted in 1971.

By – Rajesh Tripathi

Links:-
https://www.business-standard.com/article/international/indian-origin-preeti-sinha-to-lead-united-nations-capital-development-fund-121021600346_1.html
https://www.hindustantimes.com/india-news/indianorigin-preeti-sinha-to-lead-un-capital-development-fund-101613455106035.html