UNITED NATIONS CAPITAL DEVELOPMENT FUND

(UNCDF) UN organization established by the General Assembly in 1966 and fully operational in 1974. It aids developing countries by means of grants and loans. UNCDF assistance is available to any member state of the UN system. However, its resources are primarily used to assist the 30 least developed countries that belong to the UN. Assistance applies to agriculture, agro-industry, drinking-water supply, health and nutrition, low-income housing, and roads and rural schools.