Stage 1 Accreditation support of Direct Access Entities for on-lending and/or blending fiduciary functions

The document outlines a readiness project to enhance Lao PDR's access to climate finance by accrediting two national financial institutions. The project focuses on capacity building, institutional gap analysis, and knowledge sharing to enable these entities to provide on-lending and blending fiduciary services. It includes technical assistance to meet GCF standards, the development of a project pipeline, and an international learning visit to other successful DAEs in Southeast Asia.

• Lao PDR lacks a national private accredited entity capable of providing on-lending and/or blending fiduciary functions, which hinders the mobilization of large-scale investment for climate projects.
• The project aims to support two nominated domestic financial institutions in submitting Stage 1 accreditation applications to the GCF.
• The proposed budget for the 18-month implementation period is USD 250,000, with the Global Green Growth Institute (GGGI) serving as the Delivery Partner.
• The project will conduct institutional gap analyses and capacity needs assessments for the nominated entities against GCF policies, including basic fiduciary standards, environmental and social safeguards (ESS), and gender policies.
• To enhance knowledge of best practices, the project includes an international learning visit for six people to a host DAE in Southeast Asia, with potential candidates including the Vietnam Development Bank, PT Sarana Multi Infrastruktur in Indonesia, or the Landbank/Development Bank of the Philippines.
• A key output is the creation of an online knowledge hub integrated into the official Ministry of Natural Resources and Environment (MoNRE) website to support accreditation and concept note development.
• The project is designed to complement previous readiness efforts, such as the accreditation of the Lao PDR Environment Protection Fund (EPF), which focuses on on-granting rather than on-lending.
• Lao PDR's updated NDC (2021) targets a 60% GHG emission reduction by 2030 compared to the baseline scenario, with estimated financing needs for mitigation measures totaling USD 4,762 million.

APA

Green Climate Fund (2023). Stage 1 Accreditation support of Direct Access Entities for on-lending and/or blending fiduciary functions. https://www.greenclimate.fund/sites/default/files/document/lao-015-gggi-full-package-cover.pdf

Chicago

Green Climate Fund. Stage 1 Accreditation support of Direct Access Entities for on-lending and/or blending fiduciary functions. 2023. https://www.greenclimate.fund/sites/default/files/document/lao-015-gggi-full-package-cover.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Stage 1 Accreditation support of Direct Access Entities for on-lending and/or blending fiduciary functions |date=1 March 2023 |url=https://www.greenclimate.fund/sites/default/files/document/lao-015-gggi-full-package-cover.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023stage, author = {{Green Climate Fund}}, title = {{Stage 1 Accreditation support of Direct Access Entities for on-lending and/or blending fiduciary functions}}, institution = {Green Climate Fund}, year = {2023}, month = mar, url = {https://www.greenclimate.fund/sites/default/files/document/lao-015-gggi-full-package-cover.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }