Accreditation assessment of applicant 099 (APL099)

The Green Climate Fund's Accreditation Panel recommends the accreditation of La Banque Agricole (LBA) in Senegal for small-scale projects with a medium environmental and social risk category (I-2). While LBA demonstrates strong basic fiduciary standards and a robust environmental and social management system, the recommendation is subject to six conditions to be met before the first funding proposal. These conditions include establishing procedures to oversee the procurement and loan portfolios of executing entities, demonstrating the application of updated environmental and social tools, and strengthening gender mainstreaming capacity through the appointment of a focal point and the creation of a gender committee.

• La Banque Agricole (LBA), formerly Caisse Nationale de Crédit Agricole du Sénégal (CNCAS), is a private sector entity in Senegal specializing in agricultural value chain financing to promote rural development and sustainability.
• LBA intends to use GCF funding for several specific climate-related projects, including a 5-megawatt kinetic power plant, solarization of the Guédé Chantier pumping station, transitioning agricultural irrigation from diesel to solar pumps in the Niayes Arrondissement, and scaling up biodigester installations in rural zones.
• The applicant's track record in sustainable development includes loans totaling over USD 58 million for cotton farming, fertilizer marketing, and food security projects in Senegal.
• LBA partially meets basic fiduciary standards because it lacks procedures to oversee and assess the procurement processes of executing entities.
• LBA partially meets the specialized fiduciary standard for on-lending and blending because it lacks formal procedures for evaluating the loan portfolios of executing entities.
• The applicant's Environmental and Social Management System (ESMS) is considered to meet GCF standards for medium risk (I-2) projects, though LBA must still demonstrate a track record of using updated tools for cumulative impact assessment and information disclosure.
• LBA's gender capacity is currently insufficient, lacking a permanent gender focal point, a gender committee, and a dedicated budget line, despite a history of financing projects with gender elements for 30 years.

APA

Green Climate Fund (n.d.). Accreditation assessment of applicant 099 (APL099). https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a02.pdf

Chicago

Green Climate Fund. Accreditation assessment of applicant 099 (APL099). n.d. https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a02.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of applicant 099 (APL099) |url=https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a02.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of applicant 099 (APL099)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b26/decision-b26-01-b26-a02.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }