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PRESS RELEASE GCFBoardapprovesUSD745millioninfundingproposals (Songdo,RepublicofKorea,14October2016)–TheGreenClimateFund(GCF)hasreachedanew milestonetodaywiththeapprovalofUSD745millioninfundingproposalsatitsfourteenthmeeting.The 10projectsandprogrammeshaveatotalvalueofUSD2.6billion,andwillhelp27countriesacrossthe globetoreducetheiremissionsandadapttotheimpactsofclimatechange. “TheapprovalofthisamountisanimpressiveaccomplishmentfortheFund,”saidMr.ZaheerFakir,GCF Board’sdevelopingcountryCo-Chair.“Withthesefundingapprovals,wehavecommittedoverUSD1 billioninGCFresourcesthisyeartosupportlow-emissionandclimate-resilientdevelopmentin developingcountries.” “ByworkingtogetherasoneBoard,weachievedagreatdealatthismeeting,”saidMr.EwenMcDonald, theGCFBoard’sdevelopedcountryCo-Chair.“Wearenowwellonourwaytoachievetheaspirational goalofapprovingUSD2.5billioninGCFfundingthisyear.” ThefollowingprojectsandprogrammeswereapprovedatB.14: § USD37millionforScaling-upofGlacialLakeOutburstFloodriskreductioninNorthernPakistanwith UNDP; § USD41.2millionforPrimingFinancialandLand-UsePlanningInstrumentstoReduceEmissionsfrom DeforestationwithUNDP; § USD80millionforSustainableEnergyFacilityfortheEasternCaribbeanwithIDB; § USD16.7millionforSenegalIntegratedUrbanFloodManagementProjectwithAFD; § USD39.3millionforDevelopmentofArganOrchardsinDegradedEnvironmentwithADAMorocco; § USD9.5millionforClimateResilientAgricultureinThreeoftheVulnerableExtremeNorthernCrop GrowingRegionsofNamibiawithEIF; § USD10millionforEmpowertoAdapt:CreatingClimateChangeResilientLivelihoodsthrough Community-BasedNaturalResourceManagementinNamibiawithEIF; § USD378millionforSustainableEnergyFinancingFacilitieswithEBRD; § USD53.5millionforSustainableLandscapesinEasternMadagascarwithCI/EIB; § USD80millionforUniversalGreenEnergyAccessProgrammewithDeutscheBankAG. GREEN CLIMATE FUND Communications & Outreach Songdo International Business District 175 Art Center-daero Yeonsu-gu, Incheon 22004 Republic of Korea T + 82 32 458 6062 (UTC+9) F + 82 32 458 6091 [email protected] greenclimate.fund Not an official document For use of the media only Page1of2 TheBoardexpandedtheFund’sgroupofpartnerinstitutionsbyaccreditingthefollowingeight organizations,bringingthetotalofAccreditedEntitiesto41: § BanqueOuestAfricainedeDéveloppement(WestAfricanDevelopmentBank,BOAD),basedinTogo; § CaribbeanDevelopmentBank(CDB),basedinBarbados; § DeutscheGesellschaftfürInternationaleZusammenarbeitGmbH(GIZ),basedinGermany; § FoodandAgricultureOrganizationoftheUnitedNations(FAO),basedinItaly; § InternationalFundforAgriculturalDevelopment(IFAD),basedinItaly; § NederlandseFinancierings-MaatschappijvoorOntwikkelingslandenN.V.(FMO),basedinthe Netherlands; § SouthAfricanNationalBiodiversityInstitute(SANBI),basedinSouthAfrica; § XacBankLLC(XacBank),basedinMongolia. Duringthemeeting,theBoardselectedanewExecutiveDirectoroftheGCFSecretariat,Mr.Howard Bamsey,toleadtheFundthroughitsnextdevelopmentphase,includingimplementingitsgrowing portfolio,andscalingupstaffattheSecretariat. ThenextmeetingoftheBoardwillbejointlyhostedbytheIndependentStateofSamoaandthe CommonwealthofAustralia,andtakeplacefrom13to15December2016,inApia,Samoa. GREEN CLIMATE FUND Communications & Outreach Songdo International Business District 175 Art Center-daero Yeonsu-gu, Incheon 22004 Republic of Korea T + 82 32 458 6062 (UTC+9) F + 82 32 458 6091 [email protected] greenclimate.fund Not an official document For use of the media only Page2of2