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The 48 Least Developed Countries (LDCs) are the only country grouping to have a dedicated article in the UN Framework Convention on Climate Change (UNFCCC). Article 4.9 commits all parties to the convention to take full account of their specific needs and special situations with regard to funding and technology transfer. As part of efforts to implement this commitment, in 2001 the Least Developed Countries Fund (LDCF) was established to support LDCs in their climate change actions. But 15 years later, the fund is empty while the backlog of projects waiting for resources continues to grow. Is there a future for the LDCF in the post-Paris climate regime? The LDCs argue that there should be, but the fund needs strengthening.