Project Preparation Facility - Process - 4. Legal

Project Preparation Facility

Helping Accredited Entities develop their climate ambitions into climate solutions

4. Legal agreement

Subsequent to PPF funding approval, a Notification of Approval for the PPF application package will be sent to the NDA of the project country with the Accredited Entity in copy.

PPF funding

For Accredited Entities who have a Readiness and Preparatory Support Framework Agreement (“Readiness Framework Agreement”) with the GCF, a disbursement request could be submitted to the GCF upon the Notification of Approval. For Accredited Entities who do not have a Readiness Framework Agreement, a legal agreement for the approved PPF application will need to be signed before disbursement.

The GCF has engaged the United Nations Office for Project Services (UNOPS) for grant management support to the Readiness Programme and PPF, including the establishment of a grant agreement, performance monitoring and disbursements under the agreement. In these cases, UNOPS will directly engage with the Accredited Entity concerning the execution of the agreement as well as monitoring and payment activities.

PPF service

Subsequent contractual arrangements will capture roles, responsibilities and operational details related to a specific PPF service application.