FP221

Rwanda Green Investment Facility (RGIF)

Rwanda Green Investment Facility (RGIF)

Rwanda is considered highly vulnerable to climate change in both mitigation and adaption aspects. Faced with multiple climate hazards including more intense rainfall, shifting seasonal temperatures, droughts, and landslides, Rwanda has set ambitious climate and development goals to achieve a low-carbon emission, climate resilient economy. The long-term financial impact of the COVID-19 pandemic has left the country with limited financial resources allocated to vital climate mitigation and adaptation projects inside its borders, which threatens progress on Sustainable Development Goals.  

The RGIF project aims to strengthen Rwanda’s ownership of climate finance and address the market barriers that impede private sector investment from flowing to climate action. RGIF will create two financing facilities to support reduction of the risks associated with private sector projects in climate change mitigation and adaptation. One facility will offer grants and reimbursable grants to enhance the feasibility of climate projects, while the other facility will provide loans directly to green projects. Both facilities will focus on sectors prioritised by Rwanda including renewable energy, climate-smart agriculture, water-efficient systems, green buildings, and clean transportation.

Total project value

 

Tonnes of emissions avoided

 

Beneficiaries

 

Direct
140,000
Indirect
280,000
Theme

Cross-cutting

Result areas

Project timeline

Pipeline

07 Feb 2020 - 1357 days

Concept note received

07 Feb 2020

Funding proposal received

29 Jan 2021

Cleared by GCF Secretariat

11 Aug 2023

Cleared by iTAP

02 Oct 2023

Approved

25 Oct 2023 - 125 days so far

Approved by GCF Board

25 Oct 2023

Under implementation

Completed

One region

  • Africa

One country

Two priority groups

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

GCF financing

InstrumentAmount
LoanUSD 30,000,000
GrantUSD 8,793,000
GrantUSD 4,000,000
Total GCF Financing
USD 42,793,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 10,000,000
Co-FinancingLoanUSD 20,000,000
Co-FinancingLoanUSD 20,000,000
Co-FinancingLoanUSD 15,000,000
Co-FinancingGrantUSD 8,755,740
Co-FinancingGrantUSD 5,407,158
Co-FinancingGuaranteeUSD 20,000,000
Total Co-Financing
USD 99,162,898

GCF Contacts

General media inquiries

GCF Communications
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 6714 (KST)
Send e-mail

Accredited Entity

African Development Bank
Ms. Audrey-Cynthia YAMADJAKO
Primary

Principal Climate and Environment Finance Officer
African Development Bank Climate Change and Green Growth Department CCIA. Rue Jean Paul II, Plateau, 01 BP 1387 Abidjan 01, Côte d’Ivoire
Phone +225 27 20 26 53 95
Phone +225 07 59 68 1
a.yamadjako@afdb.org
More contacts

National Designated Authority

Rwanda
Rwanda Environment Management Authority
Mrs. Juliet Kabera Primary
Director General

Documents