FONDS D'EQUIPEMENT DES NATIONS NATIONS (FENU)

Immeuble Fayçal 9, rue Parchappe
BP 154
DAKAR  ()
Ms. Judith Karl

On 1 August 2014, Ms. Judith Karl joined UNCDF as Executive Secretary. Ms. Karl, a US national, has served as Director of the Operations Support Group in the UNDP Executive Office since 2009. Prior to this, she served as Chief, Central Strategy and Policy Cluster for UNDP Bureau for Crisis Prevention and Recovery from 2006 to 2008. She was a Senior Policy Advisor with the Crisis and Post-Conflict Unit in UN Development Group Office (2005-2006). From 2003 to 2005, Judith served as Senior Advisor for UNDP Bureau for Crisis Prevention and Recovery in Geneva and as Deputy Director for UNDP Washington Liaison Office (2000-2002). Judith started her career with UNDP in 1988 as a Training Officer with the UNDP Training Section. She served as Assistant Resident Representative with UNDP in Mali (1992-1994) and in Cambodia (1994-1997) and subsequently became a Policy Advisor for the Directorate in the Operations Support Group (1997-1999) and UNDP Latin America and Caribbean (1999-2000). Before joining UNDP, Judith spent seven years as a Management Consultant with a focus on redesigning business processes in the US private banking and real estate sectors. Judith holds a Master's degree in International Development Administration from New York University and a Bachelor degree from Columbia University. As Executive Secretary of UNCDF, Ms. Karl provides organizational leadership and management and sets UNCDF's strategic direction and goals. She directs and leads UNCDF in implementing decisions and resolutions adopted by the Executive Board, ECOSOC, and the General Assembly as they relate to UNCDF.
The original UNCDF mandate from the UN General Assembly (UNGA) is to “assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans” (General Assembly Resolution 2186, 13 December 1966). The mandate was modified in 1973 to serve first and foremost but not exclusively the LDCs. UNCDF has a unique financial mandate within the UN system. It provides investment capital and technical support to both the public and the private sector. The ability to provide capital financing -- in the forms of grants, soft loans and credit enhancement – and the technical expertise in preparing portfolios of sustainable and resilient capacity building and infrastructure projects, makes its mandate a very useful complement to the mandates of other UN agencies. It also positions UNCDF as an early stage investor to de-risk opportunities that can later be scaled up by institutional financial partners and increasingly by philanthropic foundations and private sector investors.
The original UNCDF mandate from the UN General Assembly (UNGA) is to “assist developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans” (General Assembly Resolution 2186, 13 December 1966). The mandate was modified in 1973 to serve first and foremost but not exclusively the LDCs. UNCDF has a unique financial mandate within the UN system. It provides investment capital and technical support to both the public and the private sector. The ability to provide capital financing -- in the forms of grants, soft loans and credit enhancement – and the technical expertise in preparing portfolios of sustainable and resilient capacity building and infrastructure projects, makes its mandate a very useful complement to the mandates of other UN agencies. It also positions UNCDF as an early stage investor to de-risk opportunities that can later be scaled up by institutional financial partners and increasingly by philanthropic foundations and private sector investors.









       

© Worldinz 2015