Actions towards accessing different GCF funding modalities in Peru

The proposal outlines a 12-month program to expand Peru's access to Green Climate Fund (GCF) financing by supporting the accreditation of the state-owned development bank COFIDE and enhancing the fiduciary functions of the existing accredited entity, Profonanpe. Key activities include addressing COFIDE's gaps in environmental and social safeguards (ESS) and gender mainstreaming, and preparing Profonanpe for new on-lending and blending functions. The total requested budget is USD 832,058, with Profonanpe serving as the implementing institution and delivery partner.

• The proposal seeks to establish COFIDE, a state-owned second-tier development bank, as a new Direct Access Entity (DAE) to complement Profonanpe, focusing on sectors such as energy generation, transport, and forestry (REDD+).
• To achieve accreditation for COFIDE, the project will address specific gaps in environmental and social safeguards (ESS), gender mainstreaming, and grant award fiduciary functions.
• Profonanpe aims to upgrade its capacity to include new fiduciary functions, specifically exploring on-lending and blending, which requires new operational guidelines and legal arrangements.
• The project includes a component to update Profonanpe's internal documents to align with new GCF policies, with a specific focus on reinforcing indigenous peoples' engagement and mainstreaming.
• The total funding request is USD 832,058, which includes an outcome budget of USD 766,874 and a delivery partner fee of USD 65,184.
• The implementation period is set for 12 months, with Profonanpe acting as the entity responsible for technical and financial execution.

APA

Green Climate Fund (2019). Actions towards accessing different GCF funding modalities in Peru. https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-peru-profonanpe-entity-support-phase-3_0.pdf

Chicago

Green Climate Fund. Actions towards accessing different GCF funding modalities in Peru. 2019. https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-peru-profonanpe-entity-support-phase-3_0.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Actions towards accessing different GCF funding modalities in Peru |date=21 November 2019 |url=https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-peru-profonanpe-entity-support-phase-3_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2019actions, author = {{Green Climate Fund}}, title = {{Actions towards accessing different GCF funding modalities in Peru}}, institution = {Green Climate Fund}, year = {2019}, month = nov, url = {https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-peru-profonanpe-entity-support-phase-3_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }