FP276

GCF's investment into the Global Green Bond Initiative (GGBI) (previously known as Green and Resilience Debt Platform (GRDP)

GCF's investment into the Global Green Bond Initiative (GGBI) (previously known as Green and Resilience Debt Platform (GRDP)

This project scales up access to climate finance in low- and middle-income countries by developing green bond markets that mobilize investment in low-emission development. It supports GCF’s strategic goal of mobilizing private finance through innovative, market-based instruments.

Scaling low-emission development in the participating countries is constrained by limited capital, underdeveloped financial ecosystems, and few instruments to attract private investment. These countries also face acute climate vulnerability and mounting risks to their economic and social systems. Strengthening local capital markets is essential to bridge financing gaps and channel resources toward mitigation priorities.

The project aims to mobilise climate finance in low- and middle-income countries by supporting the development of local green bond markets. Through a dedicated investment fund, capital from development finance institutions and private investors will be used to finance climate mitigation projects, while parallel EU-led facilities support capacity-building and lower borrowing costs for bond issuers.

 GCF will invest EUR 200 million (approximately USD 227 million) in equity through the initiative’s fund to support mitigation projects across ten participating countries. The project will prioritise small-scale, low-carbon energy systems and create investment opportunities in hard-to-abate sectors such as transport, helping to channel private capital toward national decarbonisation efforts.

Total project value

0.0

Tonnes of emissions avoided

0.0

Theme

Mitigation

Result areas

Project timeline

Pipeline

16 Feb 2023  •  869 days

Concept note received

16 Feb 2023

Funding proposal received

19 Jul 2024

Cleared by GCF Secretariat

03 Dec 2024

Cleared by iTAP

09 Jun 2025

Approved

03 Jul 2025  •  25 days so far

Approved by GCF Board

03 Jul 2025

Under implementation

To be completed

Three regions

  • Africa
  • Asia-Pacific
  • Latin America and the Caribbean

Ten countries

Two priority groups

  • Least Developed Countries
  • African States
USD 0.0
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large
Co-Financing467.3mEquityGCF233.6mEquityCo-financing 66.7%GCF financing 33.3%

GCF financing

InstrumentAmount
EquityUSD 233,644,859
Total GCF Financing
USD 233,644,859

Co-financing

Co-financerInstrumentAmount
Co-FinancingEquityUSD 467,289,719
Total Co-Financing
USD 467,289,719

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

Entity

European Investment Bank
Ms. Marika Levena
Primary

Green Climate Fund Operations Officer (for pipeline issues)
Phone +352-4379-83341
m.levena@eib.org
More contacts

National Designated Authority

Kenya
The National Treasury
Dr Chris Kiptoo Primary
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Phone +254 20 224 0051
pstnt@treasury.go.ke
Mr. Malik Aman Secondary
Programme Manager, National Coordination (FLLoCA)
Phone +254 720 771774
malikaman@me.com
Mr. Peter Odhengo Secondary
Senior Policy Advisor, Climate Finance
Phone +254 722 984 992
odhengo@gmail.com
Mr. Hillary Korir Secondary
Senior Economist
Phone +254 722 644736
hillary.korir@treasury.go.ke
Namibia
Ministry of Environment and Tourism
Mr. Timoteus Mufeti Primary
Environmental Commissioner
Phone +264612842701
timoteus.mufeti@meft.gov.na
Mr Petrus Muteyauli Primary
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Phone +264 61 284 2701
Phone +264 61 240 339
petrus.muteyauli@meft.gov.na
pmuteyauli@yahoo.co.uk
Ms. Josefina Kakololo Primary
Chief Conservation Scientist
Bangladesh
Economic Relations Division (ERD), Ministry of Finance
Mr. Md. Shahriar Kader Siddiky Primary
Secretary
Block No. 8, Room No. 3 & 4, Shere-e-Bangla Nagar, Dhaka, Bangladesh
Phone +88-02-222216701
secretary@erd.gov.bd
Senegal
Ministry of Environment and Sustainable Development
Ms. Madeleine Sarr Primary
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Uganda
Ministry of Finance, Planning and Economic Development
Mr. Ramathan Ggoobi Primary
Permanent Secretary / Secretary to the Treasury
Phone +256414707135
ramathan.ggoobi@finance.go.ug
Ms. Maris Wanyera Secondary
Ag. Director Debt and Cash Policy
Phone +256772426456
maris.wanyera@finance.go.ug
Mr. Juvenal Muhumuza Secondary
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Phone +256781051485
juvenal.muhumuza@finance.go.ug
Mr. Denis Mugagga Secondary
Head, Climate Finance Unit
Phone +256782805422
Phone +256702440655
denis.mugagga@finance.go.ug
Brazil
Secretariat for International Affairs, Ministry of Finance
Ms. Tatiana Rosito Primary
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +55 (61) 3412-2202
and.gcf@economia.gov.br
Mr. Ivan Tiago Machado Oliveira Secondary
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Phone +556131422202
and.gcf@economia.gov.br
Ms. Livia Farias Ferreira de Oliveira Operational focal point
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Ms. Luana Magalhães Duarte de Araújo Operational focal point
Cameroon
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Mr. Paul Tchawa Primary
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Phone +237 696 939 011
ptchawa@yahoo.fr
Côte d'Ivoire
Minister's Office, Ministry of Environment and Sustainable Development
Mr. Marcel YAO Primary
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
ensamarcel@yahoo.fr
yaomarcelclimat@gmail.com
Mr. Kouadio Philippe Secondary
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Egypt
Ministry of Environment
Ms. Mahitab Elramal Primary
Manager of Carbon Certificates Marketing Department, Climate change Central Department
Angola
Ministry of Environment
Ms. Arlette Massala Primary
Rua direita da Samba, Futugo, Condomínio Rosalinda, Prédio 11B, 7°andar., Luanda, Angola
Phone +244 926 082849
arlette.m170@gmail.com

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