Transforming Financial Systems for Climate

Transforming Financial Systems for Climate

  • Status Under implementation
  • Date approved 20 Oct 2018 at B.21
  • Est. completion Under revision
  • ESS Category Intermediation 1

Providing loans and technical assistance in 17 developing countries across Africa and Latin America and the Caribbean to create self-sustaining markets in energy efficiency, renewable energy and climate resilience.

The private sector in these two regions still perceives sustainable energy and climate resilience as expensive and complex, as the environmental advantage of more resilient investments and practices is not well understood. Efforts to demonstrate the benefits of financing these areas are required to reach a critical mass and upscale the commercial viability of climate projects.

The main objectives of this programme are to scale up climate finance in the targeted countries, to redirect financial flows, and reinforce the capacity of local partners in climate-related sectors. It will do this by providing loans through local partner financial institutions to borrowers in sustainable energy, energy efficiency, housing, agriculture, forestry and water and waste management. It will also include a technical support component.

The programme has an estimated lifespan of 20 years.

Total project value


Tonnes of emissions avoided






Result areas

Project timeline


11 Oct 2017 - 375 days

Concept note received

11 Oct 2017

Cleared by GCF Secretariat

20 Oct 2017

Funding proposal received

06 Mar 2018

Cleared by iTAP

17 Mar 2018


20 Oct 2018 - 374 days

Approved by GCF Board

20 Oct 2018

Legal opinion on AE's Internal Approval

07 Jan 2019

FAA executed

26 Jun 2019

Under implementation

28 Oct 2019 - 972 days so far

FAA effective

28 Oct 2019

Disbursement - USD 521,921

24 Feb 2021

Disbursement - USD 20,876,827

24 Feb 2021


Est. completion date under revision

Two regions

  • Africa
  • Latin America and the Caribbean

Seventeen countries

Three priority groups

  • Least Developed Countries
  • Small Island Developing States
  • African States
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing9% disbursed

LoanUSD 218,162,839
GrantUSD 32,359,081
Total GCF Financing
USD 250,521,920


Co-FinancingLoanUSD 423,799,582
Co-FinancingGrantUSD 7,306,889
Total Co-Financing
USD 431,106,471

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Agence Française de Developpement
Mrs Celine Thoniard

Climate Finance Expert
Phone +33 01 53 44 35 91
Mr Robin Marchal

Delegated External Funds Expert
Phone +33 01 53 44 34 18
More contacts

National Designated Authority

Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Mr. Bouzekri Razi
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Living Environment and Sustainable Development
Mr. Martin Pépin Aïna
Director General, Division of Climate Change
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 96613936
Mr. Théodore Cossi Domingo
01 BP 3502 - 01 BP 3621, Cotonou, Benin
Phone +229 97764297
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Mr. Paul Tchawa
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Phone +237 696 939 011
Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Phone (225) 0707791504 / 2720239900
Ministry of Environment
Eng. Sherif Abdel El-Rehim
Head of the Central Department for Climate Change, Egyptian Environmental Affairs Agency
The National Treasury
Mr. Julius Muia
Principal Secretary
Treasury Building, Harambee Avenue, P.O Box 30007-00100, Nairobi, Kenya
Phone +254 20 224 0051
Mr. Peter Odhengo
Senior Policy Advisor, Climate Finance
Phone +254 722 984992
Mr. Hillary Korir
Ministry of Finance and Economic Development
Mr. Mahess Rawoteea
Director of Development Cooperation Directorate
Ministry of Finance, Economic Planning and Development, Ground Floor, Government House, Port Louis, Mauritius
Phone 230 201 3900
Mrs. Usha Beegun-Ramduny
Lead Analyst, Resource Mobilisation Cluster
Phone 230 260 1348
Ministry of Environment and Tourism
Mr. Paulus Ashili
Mr. Timoteus Mufeti
Mr Petrus Muteyauli
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Federal Ministry of Environment
Ms. Aniobong Abiola-Awe
Director of the Department of Climate Change
Phone +2348034452959
South Africa
Department of Forestry, Fisheries, and the Environment
Ms. Nomfundo Tshabalala
Director General
Phone +27 12 339 9007
Ms. Shahkira Parker
Senior Policy Advisor: International Governance Management
Ms. Lucia Motloung
Mr. Zaheer Fakir
United Republic of Tanzania
Vice President's Office
Ms. Mary N Maganga
Permanent Secretary
P.O.Box 2502, Dodoma, Tanzania
Directorate of Environment, Ministry of Environment
Mr. Esso-Sam Abdou Rassidou Agrignan
Economist Manager, in charge of financial services
Phone +228 2221 3321
Phone +228 9028 0426
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
Mr. Andrew Masaba
Principal Economist / Climate Finance Desk Officer, Development Assistance and Regional Cooperation
Ministry of Environment and Water
Ms. Karina Maribel Barrera Moncayo
Undersecretary of Climate Change
Av. Madrid 1159 y Andalucía, Quito, Ecuador
Ministry of Environment and Sustainable Development
Ms. Madeleine Diouf Sarr
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Burkina Faso
Prime Ministry
Mr. Issaka Ouedraogo
Adviser to the Prime Minister/Environment Inspector
01 PO BOX 4223, Ouagadougou
Phone +226 70 00 87 69
Phone +226 76 64 95 66
Ministry of Environment, Ecology, Sea and Forests
Ms. Lovakanto Ravelomanana
Director of the National Office for Climate Change Coordination
B.P 3948, Rue Toto Radola - Antsahavola, Antananarivo, Madagascar


News + Stories

GCF invests USD 270 million to catalyse African climate investment with AFD

26 Jun 2019 / Earlier this week, the Green Climate Fund and the French Development Agency (AFD) signed the agreement which will kick-off the implementation of the “Transforming Financial Systems for Climate” programme. The programme, targeting 17 countries in Africa and Latin America and the Caribbean, seeks to strengthen local financial institutions in the region and boost the private sector’s investments into renewable energy, energy efficiency, and climate resilience projects.