Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018

The GCF Accreditation Panel recommends the re-accreditation of the Inter-American Development Bank (IDB) for a second term with no conditions. The assessment confirms that IDB continues to meet GCF's basic and specialized fiduciary standards, environmental and social safeguards, and gender policies. IDB's portfolio includes eight approved GCF projects totaling USD 761.7 million, with a strong track record in mitigation and adaptation, particularly in the Latin American and Caribbean region. The report highlights IDB's commitment to Paris Agreement alignment and its capacity to support direct access entities through capacity-building initiatives.

• The Accreditation Panel recommends the re-accreditation of the Inter-American Development Bank (IDB) for its second term with no conditions, maintaining its status for large projects and high environmental and social risk (category A/I-1).
• As of 31 January 2023, IDB manages a GCF portfolio of eight approved projects totaling USD 761.7 million, consisting of seven public sector and one private sector project.
• IDB has demonstrated a positive trend in climate finance, with total climate finance of USD 17.308 billion between 2017 and 2021, including USD 10.979 billion for mitigation and USD 6.329 billion for adaptation.
• IDB is implementing a Climate Change Action Plan 2021–2025, which includes a goal to provide USD 24 billion for climate and green finance over four years and a commitment to align all new operations with the Paris Agreement by 2023.
• The bank's corporate greenhouse gas emissions were reported as 1,667 tCO2eq for scope 1 and 6,727 tCO2eq for scope 2 (location-based) in 2021.
• IDB has provided technical assistance to over 40 national development banks in the Latin American and Caribbean region, leveraging more than USD 3 billion in IDB resources, with approximately USD 450 million used for climate change projects.
• The bank's new Environmental and Social Policy Framework (ESPF), effective November 2021, includes 10 performance standards, with the first eight aligned with GCF's Performance Standards 1–8.
• IDB's fiduciary and integrity systems were found to be fully compliant, including a third-party review in October 2022 that confirmed full compliance with all GEF Minimum Standards.

APA

Green Climate Fund (2023). Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018. https://www.greenclimate.fund/sites/default/files/document/gcf-b35-06-add03.pdf

Chicago

Green Climate Fund. Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018. 2023. https://www.greenclimate.fund/sites/default/files/document/gcf-b35-06-add03.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018 |date=21 February 2023 |url=https://www.greenclimate.fund/sites/default/files/document/gcf-b35-06-add03.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023consideration, author = {{Green Climate Fund}}, title = {{Consideration of accreditation proposals – Addendum III Re-accreditation assessment of RAPL018}}, institution = {Green Climate Fund}, year = {2023}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/gcf-b35-06-add03.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }