United Nations Capital Development Fund (UNCDF)
Mengxi (Melody) Lei is a skilled professional with a background in financial and digital literacy, currently serving as a Financial and Digital Literacy Intern at the United Nations Capital Development Fund (UNCDF) since September 2019. With experience as an Assistant to the Director at the Australian 3D Manufacturing Association (A3DMA) since February 2018, Mengxi contributes to the promotion and development of 3D manufacturing and blockchain technology in Australia. Previous roles include Administrative Assistant at Glass Tech Australia, Waitress at Rasa Sayang, Taxation Officer Assistant at the Second Taxation Office of Beijing Local Taxation Bureau Fengtai Branch, and Assistant Accountant at XinCheng Accounting and Financial Management Consulting Firm. Mengxi holds a Bachelor of Business Administration in Taxation from Capital University of Economics and Business and has furthered education at The Australian National University.
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United Nations Capital Development Fund (UNCDF)
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The UN Capital Development Fund makes public and private finance work for the poor in the world’s 46 least developed countries (#LDCs). With its capital mandate and instruments, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development. This last mile is where available resources for development are scarcest; where market failures are most pronounced; and where benefits from national growth tend to leave people excluded. UNCDF’s financing models work through two channels: savings-led financial inclusion that expands the opportunities for individuals, households, and small businesses to participate in the local economy, providing them with the tools they need to climb out of poverty and manage their financial lives; and by showing how localized investments -- through fiscal decentralization, innovative municipal finance, and structured project finance -- can drive public and private funding that underpins local economic expansion and sustainable development. UNCDF financing models are applied in thematic areas where addressing barriers to finance at the local level can have a transformational effect for poor and excluded people and communities. By strengthening how finance works for poor people at the household, small enterprise, and local infrastructure levels, UNCDF contributes to SDG 1 on eradicating poverty with a focus on reaching the last mile and addressing exclusion and inequalities of access. At the same time, UNCDF deploys its capital finance mandate in line with SDG 17 on the means of implementation, to unlock public and private finance for the poor at the local level. By identifying those market segments where innovative financing models can have transformational impact in helping to reach the last mile, UNCDF contributes to a number of different SDGs and currently to 28 of 169 targets.