Accreditation assessment of applicant 108 (APL108)

The Green Climate Fund (GCF) Accreditation Panel recommends the accreditation of the Infrastructure Development Bank of Zimbabwe (IDBZ) as a national direct access entity for 'small' projects (above US$ 10 million up to US$ 50 million) with a medium environmental and social risk category (B/I-2). While the IDBZ demonstrated strong alignment with GCF's gender policy and environmental and social standards, the assessment identified several fiduciary gaps. These include a lack of evidence regarding the effectiveness of its internal audit function, the operational status of its Investigations, Integrity & Loss Control Division, and the public disclosure of procurement and project evaluation data. Accreditation is recommended subject to specific conditions to be met before and after the first funding proposal and disbursement.

• The Infrastructure Development Bank of Zimbabwe (IDBZ) is recommended for accreditation for 'small' projects, defined as those with total projected costs above US$ 10 million and up to US$ 50 million, and for a maximum environmental and social risk category of medium risk (category B/I-2).
• The IDBZ has a track record of financing climate-related projects, including a USD 50 million loan for the Expansion of Kariba South Hydro Power Station Project and a USD 45 million loan for a Prepaid Metering Project to reduce load-shedding and the use of fossil fuel generators.
• The applicant's environmental and social management system (ESMS) and gender policy were found to fully meet GCF standards, with the IDBZ demonstrating experience in gender mainstreaming through projects such as a mini hydro power project and solar project impact studies.
• The Accreditation Panel identified several fiduciary gaps that must be addressed as conditions of accreditation, including the lack of an independent assessment of the internal audit function's effectiveness and the need to prove the Investigations, Integrity & Loss Control Division is fully operational.
• The IDBZ lacks sufficient evidence regarding the public disclosure of project monitoring and evaluation reports, the implementation of independent project evaluations, and the disclosure of project beneficiaries and results.
• The IDBZ intends to use GCF resources to support Zimbabwe's nationally determined contributions, specifically focusing on off-grid solar projects, renewable energy investment, integrated solid waste management, and water-efficient irrigation.

APA

Green Climate Fund (n.d.). Accreditation assessment of applicant 108 (APL108). https://www.greenclimate.fund/sites/default/files/decision/b29/decision-b29-05-a05.pdf

Chicago

Green Climate Fund. Accreditation assessment of applicant 108 (APL108). n.d. https://www.greenclimate.fund/sites/default/files/decision/b29/decision-b29-05-a05.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Accreditation assessment of applicant 108 (APL108) |url=https://www.greenclimate.fund/sites/default/files/decision/b29/decision-b29-05-a05.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefundndaccreditation, author = {{Green Climate Fund}}, title = {{Accreditation assessment of applicant 108 (APL108)}}, institution = {Green Climate Fund}, url = {https://www.greenclimate.fund/sites/default/files/decision/b29/decision-b29-05-a05.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }