GCF grants USD 443.130 to the Central African Republic to accelerate climate finance

The GCF 2021 Readiness Country Proposal for the Central African Republic has been approved by the Green Climate Fund (GCF) with a grant of USD 443.130 awarded to the government to advance the country's programme by supporting the National Designated Authority (NDA) and country stakeholders in program development for climate finance.

This grant will help the Central African Republic government to improve access to climate finance by addressing pre-identified gaps and underlying barriers that hinder the country’s ability to mobilize funds for its climate resilient programs. Through this grant, a climate finance tracker will be developed to strengthen the NDA’s (CAR’s Ministry of Environment and Sustainable Development) decision making and operationalization, stakeholders’ trainings on GCF protocols and financial structuring of GCF project proposals to strengthen their capacity to engage in the Central African Republic’s Green Climate Fund programming.

With Global Water Partnership Organization (GWPO) as the delivery partner, this readiness proposal process led by  the NDA has been supported in great part by GWP-Central Africa (GWP-CAf) and the Country office of GWP in CAR, largely contributing to the grant approval by the GCF.

The primary beneficiaries of this readiness grant will be the country’s NDA and major stakeholders in climate finance programming in CAR such as executing entities, civil society organisations and the private sector. This is the 3rd time the country is obtaining a Readiness grant from GCF with the previous funds obtained in 2016 and 2017 respectively.

This CAR’s GCF grant is part of the GCF Readiness and Preparatory Support Programme (the Readiness Programme), which supports country-driven initiatives to strengthen institutional capacities, governance mechanisms, and planning and programming frameworks towards a transformational long-term climate action agenda.

Photo credit: American Progress