Explanation: The UN Capital Development Fund was created in 1966 by the UN General Assembly.

• It is an autonomous, voluntarily funded UN organization, affiliated with the UN Development Programme.
• It assists developing countries in the development of their economies by supplementing existing sources of capital assistance by means of grants and loans.
• It makes public and private finance work for the poor in the world’s 46 Least Developed Countries (LDCs).

Source: FORUMIAS