Download Green Climate Fund

GCFexpandsnetworkofAccreditedEntities,
raisingtotalto20
Boardaccredits13newpartneringinstitutions
(Songdo,RepublicofKorea,9July2015)–TheBoardoftheGreenClimateFunddecidedtoaccredit
13newpartnerinstitutionsonthefourthdayofitstenthmeetingthisweek,diversifyingbeyondthe
sevenentitiesitaccreditedatitslastmeetinginMarch.Thisbringsthetotalto20accreditedentities
(AEs).
AccreditationmeansthattheseinstitutionshavebeenapprovedbytheBoardtoactaschannelsthrough
whichtheFundwilldeployitsresourcestodevelopingcountries.
“Wearebuildingavibrantnetworkofpartners–whichisevidenceofarisingdemandforanactive
GCF,”saidMs.HélaCheikhrouhou,ExecutiveDirectoroftheGreenClimateFund.“Sevenmonthsagowe
invitedinstitutionsforthefirsttimetobecomepartnerswithus.Today,closeto100well‐established
institutionsfromaroundtheworldareworkingtowardsbecomingGCFaccreditedentities,”shesaid.
“Wehaveaddedtothismomentumbyboostingournumberofaccreditedentitiesto20.”
Institutionswhichwereaccreditedearlierthisyearhavealreadystartedsubmittinginitialprojectideas
and concept notes, and the Fund is working closely with its Partners towards the stage where they
submitfullprojectproposals.
AccreditationtoGCFisopentosub‐national, national, regional and international, public, private and
non‐governmentalinstitutionswhichare eligible to apply through the Fund’s Online Accreditation
System(OAS).Applicantsareassessedontheirabilitiestomeetfiduciary,environmental,social,and
genderrequirementssetoutbytheFund.
Thefollowing13newentitieshavebeenaccreditedbytheGreenClimateFundBoard:
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Africa Finance Corporation (AFC), a public‐private institution that provides support for
sustainabledevelopmentofinfrastructureinAfrica,basedinNigeria;

AgenceFrançaisedeDéveloppement(AFD),adevelopmentfinanceinstitute,headquartered
inFrance;
Caribbean Community Climate Change Centre (CCCCC), a public organization that
coordinate’stheCaribbean’sresponsetoclimatechange,headquarteredinBelize;

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ConservationInternationalFoundation(CI),anon‐profitenvironmentalorganization
basedintheUnitedStates;

Corporación Andina de Fomento (CAF), a regional development bank, headquartered in
Venezuela;

Deutsche Bank Aktiengesellschaft (Deutsche Bank AG), an international investment bank
basedinGermany;

Environmental Investment Fund of Namibia (EIF), which supports projects that ensure
sustainableuseofnaturalresources;
EuropeanBankforReconstructionandDevelopment(EBRD),amultilateraldevelopment
bank,headquarteredintheUnitedKingdom;


Inter‐AmericanDevelopmentBank(IDB),amultilateraldevelopmentbank,headquartered
intheUnitedStates;

InternationalBankforReconstructionandDevelopment(IBRD)andtheInternational
DevelopmentAssociation(IDA),togetherknownastheWorldBank,headquarteredinthe
UnitedStates;

Ministry of Natural Resources of Rwanda (MINIRENA), which focuses on environment,
climatechange,andnaturalresourcesmanagementatthenationalandlocallevels;

National Bank for Agriculture and Rural Development (NABARD), a national financial
institutionbasedinIndia;andthe

UnitedNationsEnvironmentProgramme(UNEP),headquarteredinKenya.
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