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In Focus
Fund Dates
JP Timor Leste INFUSE - Reports Gallery
About
OverviewThe United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) have established a Joint Programme in Timor-Leste entitled "Inclusive Finance for Under-Served Economy (INFUSE),” using a pass-through funding modality. The INFUSE Joint Programme’s goal is to reduce poverty by increasing access to financial services to the poor and low-income population. Using a sector-wide approach, the INFUSE Joint Programme focuses on increasing access to sustainable financial services. The INFUSE Joint Programme encompasses:
The INFUSE Joint Programme is administered by the Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP) in accordance with its financial regulations and rules.
Assistance StrategyThe overarching goal of the Timor-Leste Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme is to reduce poverty, by increasing sustainable access to financial services for the poor and low-income population. The INFUSE Joint Programme’s three main outcomes are:
The commitment of the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) to the Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme in Timor-Leste is reflected in the United Nations Development Assistance Framework (UNDAF), which legally protects and promotes poverty reduction, food insecurity, and human rights. The INFUSE Joint Programme contributes towards the achievement of Millennium Development Goal 1, specifically to cut absolute poverty by one third by 2015, and increase sustainable access to financial services for the poor and low-income population.
GovernanceThe Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme is implemented jointly by the United Nations Capital Development Fund (UNCDF) and the United Nations Development Programme (UNDP) using a pass-through funding modality. The Participating UN Organisations work in close collaboration with the Ministry of Economy and Development. The programmatic and financial accountability rests with the Participating UN Organisations, which manage their respective components of the Joint Programme. Investment Committee The main objective of the national Investment Committee is to facilitate effective implementation and coordination of the INFUSE Joint Programme. The Investment Committee consists of: United Nations Capital Development Fund (UNCDF), United Nations Development Programme (UNDP), Ministry of Economy and Development, Ministry of Finance, Ministry of Agriculture and Fisheries, Banking and Payments Authority, and donors serving as observers. Administrative Agent The Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP) serves as the Administrative Agent (AA) of the INFUSE Joint Programme. The AA is responsible for concluding Standard Administrative Arrangements (SAAs) with donor(s) and Memorandum of Understanding (MoU) with Participating UN Organisations (UNCDF and UNDP).
Decision MakingThe Investment Committee discusses and approves work plans and budgets as well as any substantive or financial issues pertaining to implementation of the Inclusive Finance for Under-Served Economy (INFUSE) Joint Programme. The members assume responsibility for performing joint monitoring of Joint Programme activities. Decisions are made by consensus. Members provide regular feedback on its implementation and propose any necessary corrective actions to resolve problems, ensure accountability, and make recommendations. The Administrative Agent [Multi-Partner Trust Fund Office (MPTF Office) of the United Nations Development Programme (UNDP)] for the INFUSE Joint Programme is responsible for the receipt, administration, and management of contributions from donors; disbursement of funds to the Participating UN Organisations; and consolidation of financial reports produced by each of the Participating UN Organisations and Non-UN Participating Organisations and provision of these reports to the Investment Committee for onward submission to the donor(s). Recent Documents
This tab shows only recent documents relevant at the Fund level. To see more documents at both the fund and project level go to the Document Center. |
Key Figures
Funding Status
Participating Organizations are required to submit final year-end expenditures by April 30 in the following year;
Interim expenditure figures are submitted on a voluntary basis and therefore current year figures are not final until the year-end expenditures have been submitted.
Funds with Administrative Agent
Funds with Participating Organizations
Delivery Analysis
Contributions
Projects
Contacts
Administrative Agent Issues in Timor-Leste
Administrative Agent Issues in New YorkMulti-Partner Trust Fund Office (MPTF Office), Bureau of Management, United Nations Development Programme; Fax: +1 212 906 6990;
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