Kuali Fund-GCF

The Kuali Fund-GCF is a blended finance programme designed to catalyze private investment for climate mitigation and adaptation in Latin America and the Caribbean. It targets small financial service providers (FSPs) and innovative climate companies to bridge the financing gap for SMEs and smallholder farmers. The fund employs a 'Green Index 3.0' to transform FSPs into 'Super Green' institutions that offer sustainable financial products. With a total financing of 128.2 million Euros, including 32.8 million Euros from the Green Climate Fund, the programme aims to avoid 2,707,455 tons of CO2 equivalent and reach over 242,000 direct beneficiaries over a 10-12 year lifespan.

• The Kuali Fund-GCF aims to avoid 2,707,455 tons of CO2 equivalent over its 10-year expected lifetime, supporting approximately 4,428 SMEs and 237,907 smallholders.
• The total financing for the programme is 128.2 million Euros, with the Green Climate Fund (GCF) providing 32.8 million Euros, consisting of 25 million Euros in equity, 5 million Euros in grants for technical assistance, and 2.8 million Euros for evaluative data collection, communication, and audit.
• The programme focuses on seven countries that issued No Objection Letters (NOL): Brazil, Colombia, El Salvador, Guatemala, Honduras, Mexico, and Panama.
• The fund employs the 'Green Index 3.0' to categorize and transform Financial Service Providers (FSPs) through four phases, moving from basic green strategies (Phases 1-3, 'Green Investments') to the active offering of green products and services (Phase 4, 'Super Green Investments').
• The programme includes a Technical Assistance Facility (TAF) funded by the GCF, EU, FONPRODE, and Kuali Fund, totaling 5.91 million Euros for the GCF-funded portion, to help investees implement green strategies and risk management systems.
• Investments are split between debt-like instruments (60-70% of the portfolio), primarily for FSPs, and equity/mezzanine investments (30-40%), primarily for innovative climate companies.
• The fund targets a gender-inclusive approach, aiming for at least 30% of beneficiaries to be women-owned SMEs and women smallholder farmers.
• The programme identifies a significant financing gap in the region, noting that the formal SME financing gap in Latin America and the Caribbean is estimated at over 900 billion USD, while the smallholder finance gap is 20 billion USD.

APA

Green Climate Fund (2024). Kuali Fund-GCF. https://www.greenclimate.fund/sites/default/files/document/fp230-cofides-kuali-fund-gcf.pdf

Chicago

Green Climate Fund. Kuali Fund-GCF. 2024. https://www.greenclimate.fund/sites/default/files/document/fp230-cofides-kuali-fund-gcf.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Kuali Fund-GCF |date=4 April 2024 |url=https://www.greenclimate.fund/sites/default/files/document/fp230-cofides-kuali-fund-gcf.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2024kuali, author = {{Green Climate Fund}}, title = {{Kuali Fund-GCF}}, institution = {Green Climate Fund}, year = {2024}, month = apr, url = {https://www.greenclimate.fund/sites/default/files/document/fp230-cofides-kuali-fund-gcf.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }