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.
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
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
Instrument | Amount |
---|---|
Equity | USD 233,644,859 |
Total GCF Financing |
---|
USD 233,644,859 |
Co-financing
Co-financer | Instrument | Amount |
---|---|---|
Co-Financing | Equity | USD 467,289,719 |
Total Co-Financing |
---|
USD 467,289,719 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest 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
Green Climate Fund Operations Officer (for pipeline issues)
More contacts
National Designated Authority
The National Treasury
Principal Secretary
Treasury Building 12th Floor, Harambee Avenue, Nairobi, Kenya
Programme Manager, National Coordination (FLLoCA)
Senior Policy Advisor, Climate Finance
Ministry of Environment and Tourism
Environmental Commissioner
Deputy Director, Multilateral Environmental Agreements, Department of Environmental Affairs
Ministry of Environment and Tourism, Private Bag 13306, Windhoek, Namibia, Windhoek, Namibia
Chief Conservation Scientist
Economic Relations Division (ERD), Ministry of Finance
Secretary
Block No. 8, Room No. 3 & 4, Shere-e-Bangla Nagar, Dhaka, Bangladesh
Ministry of Environment and Sustainable Development
Head of Climate Change Division
Parc Forestier de Hann, B.P. 4055 Dakar, Senegal, Dakar, Senegal
Ministry of Finance, Planning and Economic Development
Permanent Secretary / Secretary to the Treasury
Ag. Director Debt and Cash Policy
Ag. Commissioner, Development Assistance and Regional Cooperation Department
Head, Climate Finance Unit
Secretariat for International Affairs, Ministry of Finance
Secretary for International Affairs
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
Deputy Secretary for Sustainable Development Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
General Coordinator for Sustainable Finance
Esplanada dos Ministérios, Bloco P, 6° andar, Brasilia, Brazil
livia.oliveira@fazenda.gov.br
luana.magalhaes@fazenda.gov.br
daniela.guimaraes@fazenda.gov.br
Ministry of Environment, Protection of Nature and Sustainable Development (MINEPDED)
Secretary General
Boulevard du 20 Mai, Immeuble Ministériel No. 2, P.O Box 320, Yaoundé, Cameroon
Minister's Office, Ministry of Environment and Sustainable Development
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
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Ministry of Environment
Manager of Carbon Certificates Marketing Department, Climate change Central Department
Ministry of Environment
Rua direita da Samba, Futugo, Condomínio Rosalinda, Prédio 11B, 7°andar., Luanda, Angola
Documents
Title | Type | Date |
---|---|---|
Environmental and social safeguards (ESS) report for FP276: GCF's investment into the Global Green Bond Initiative (GGBI) | Environmental and Social Safeguards report | 28 Feb 2025 |