GCF lays climate finance groundwork in Africa and the Pacific
The Green Climate Fund’s latest expansion of assistance to countries preparing to implement climate finance is targeting Africa and the Pacific.
GCF has provided USD 700,000 to the Ministry of Natural Resources of Rwanda, a GCF direct access Accredited Entity, to assist the development of projects under the Fund’s Project Preparation Facility (PPF). This is an additional tranche within a USD 1.5 million grant under this funding package, which GCF provides to support various phases in developing climate finance projects.
The Fund has also disbursed USD 120,000 to Mauritania for activities under GCF’s Readiness Programme, which provides developing countries with resources to enhance country ownership and access to climate finance.
Through a partnership with United Nations Environment, over USD 1.4 million have been disbursed to help boost the capacities for climate programmes in Egypt, Ghana, Jordan, Maldives, Nepal and Tonga.
GCF also has provided USD 130,000 in Readiness assistance, the second part of a USD 300,000 grant, to the Secretariat of the Pacific Community (SPC), an organization governed by 26 Small Island Developing States (SIDS) that coordinates the design and implementation of climate change adaptation and mitigation projects across the Pacific.
To date, the Green Climate Fund has disbursed more than USD 9 million for Readiness activities in developing countries across all regions.