Least Developed Countries Fund Contributions The Least Developed Countries Fund (LDCF) was established by decision (7/CP.7) of the Seventh Conference of the Parties to the United Nations Framework Convention on Climate Change, Marrakesh 2001. The primary objective of the LDCF is to finance the development and implementation of National Adaptation Programmes of Action (NAPA) of LDC Parties.  The LDCF is managed by the Global Environment Facility (GEF). Funding under this initiative represents Australia's voluntary contribution to the LCDF valued at $24.0 million over 2 years, starting 2009-10.