Annex XII: Accreditation assessment of Applicant 041 (APL041)

The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the International Fund for Agricultural Development (IFAD) for international access under a fast-track process. IFAD is approved for medium-sized projects (up to USD 250 million) and medium environmental and social risk (Category B/I-2). The assessment confirms IFAD meets basic and specialized fiduciary standards, including project management, grant award mechanisms, and on-lending/blending. The panel also validated IFAD's environmental and social safeguards and its gender policy, noting its extensive experience in increasing the climate resilience of rural farming systems.

• The International Fund for Agricultural Development (IFAD) is recommended for GCF accreditation with a 'medium' maximum project size, defined as costs above USD 50 million and up to USD 250 million.
• IFAD is approved for a maximum environmental and social risk category of 'medium risk' (Category B/Intermediation 2), which covers activities with potential mild adverse impacts that are generally site-specific and reversible.
• As of August 2016, IFAD managed USD 594 million in climate and environmental finance, focusing on rural farming systems and value chains.
• IFAD's climate finance portfolio includes significant blended finance projects in several countries: USD 133 million in Bangladesh, USD 116 million in Kenya, USD 83 million in Rwanda, and USD 119 million in Sudan.
• The applicant's fiduciary standards were found to be compliant, including a zero-tolerance anti-money laundering (AML) and countering the financing of terrorism (CFT) policy aligned with the United Nations system.
• IFAD utilizes a 'twin, simultaneous screening process' to separately identify environmental and social (E&S) risks and climate risks for its projects.
• IFAD's gender policy is consistent with GCF requirements, with gender performance rated as moderately satisfactory or better in 90% of its projects between 2012 and 2014.

APA

Green Climate Fund (n.d.). Annex XII: Accreditation assessment of Applicant 041 (APL041). https://www.greenclimate.fund/sites/default/files/decision/b14/decision-b14-11-b14-a12.pdf

Chicago

Green Climate Fund. Annex XII: Accreditation assessment of Applicant 041 (APL041). n.d. https://www.greenclimate.fund/sites/default/files/decision/b14/decision-b14-11-b14-a12.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Annex XII: Accreditation assessment of Applicant 041 (APL041) |url=https://www.greenclimate.fund/sites/default/files/decision/b14/decision-b14-11-b14-a12.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndannex, author = {{Green Climate Fund}}, title = {{Annex XII: Accreditation assessment of Applicant 041 (APL041)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b14/decision-b14-11-b14-a12.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }