Antigua and Barbuda
GCF signs integrity agreement with Attijariwafa Bank
Agreeing to cooperate and consult on integrity matters, the Independent Integrity Unit (IIU) of GCF signed a Memorandum of Understanding (MoU) with Attijariwafa Bank. The MoU covers information-sharing, joint investigations and collaborations, as well as capacity-building support with the Bank's Compliance Office. The MoU will complement Attijariwafa Bank's Accreditation Master Agreement (AMA), which is currently under negotiation. IIU is continuously working on its goal of establishing similar agreements with counterpart offices of all Accredited Entities as a means of ensuring the safeguarding of GCF resources.
GCF strengthens private sector push in agreement with Proparco
GCF has enhanced its ability to tap financing from the business world with the recent signing of an Accreditation Master Agreement (AMA) with Proparco, the private sector arm of the development agency of France. The AMA sets the legal framework for Proparco to begin proposing and implementing climate finance projects in developing countries as a GCF Accredited Entity. Proparco plays a pivotal role in the Choose Africa initiative, launched earlier this year by French President Emmanuel Macron to encourage EUR 2.5 billion of investment in SMEs in Africa.
Learn about GCF’s REDD+ support during June webinars
GCF will host the first of a series of REDD+ webinars on 19 and 20 June to provide information about the Fund’s support for this financing method which reduces greenhouse gases while also protecting and restoring forests. Intended for both seasoned REDD+ practitioners and those new to REDD+, the sessions will cover all three REDD+ phases - including GCF’s start in February to making Results-Based Payments to countries proven to have halted deforestation. Three separate webinars will be conducted in English, French and Spanish.
Senegal climate resilience receives a boost with funding agreement
GCF has signed an agreement with Senegal's Centre de Suivi Écologique (CSE) to enhance the ability of local populations to deal with increasing soil salinisation caused by climate change. The signing of the Funded Activity Agreement (FAA) allows for this GCF Board-approved USD 8.2 million project to begin implementation. Planned activities by CSE, a Senegalese environmental monitoring centre, include strengthening the country’s ability to mainstream climate change into land management plans.
Preventing sexual abuse in projects: Learnings from the World Bank
GCF further solidified its actions for zero-tolerance of sexual exploitation, abuse, and harassment (SEAH) by introducing an updated SEAH Policy through the Independent Redress Mechanism's (IRM) preparation of an advisory report on preventing SEAH in GCF projects. In "Preventing Sexual Abuse in Projects: Learnings from the World Bank," the Chair of the World Bank Inspection Panel Imrana Jalal shared her insights on gender-based violence at the project level and its far-reaching impacts on local communities and institutions. The talk was jointly organised by the Independent Integrity Unit (IIU) and IRM of GCF.
- Green Climate Fund Board approves USD 267 million for climate action, agrees decision-making procedures
- Adaptation Fund, Green Climate Fund Convene First Community of Practice Meeting of Direct Access Entities to Climate Finance
- GCF first replenishment meeting reinforces the role of the Fund to drive climate action
- Green Climate Fund Board meeting sets stage for successful replenishment: allocates USD 440 million for climate action, strengthens governance, and selects new Executive Director