Entity Support

The Infrastructure Development Bank of Zimbabwe (IDBZ) is seeking up to USD 35,722 in readiness support from the Green Climate Fund (GCF) to achieve accreditation as a National Implementing Entity. The proposal, supported by PricewaterhouseCoopers (PwC), focuses on conducting gap assessments of the IDBZ's fiduciary standards, environmental and social safeguards, and gender policy. This effort aims to enable the IDBZ to access climate finance directly, supporting Zimbabwe's goal to reduce energy emissions per capita by 33% below business-as-usual levels by 2030. The project is expected to take approximately six months.

• The IDBZ is seeking GCF accreditation to become the first national institution in Zimbabwe to do so, as the country currently lacks an accredited national entity and relies on international organisations for climate finance.
• The requested funding of up to USD 35,722 will be used for three primary gap assessments and the development of corresponding action plans to ensure the IDBZ complies with GCF standards regarding fiduciary processes, environmental and social safeguards, and gender policy.
• The proposal is designed to support Zimbabwe's Intended Nationally Determined Contributions (INDCs), specifically the target to lower energy emissions per capita by 33% compared to business-as-usual levels by 2030.
• The IDBZ intends to use its GCF accreditation to mainstream climate change into its investment areas, including its grant, loans, and on-lending facilities, and to access the GCF’s Project Preparation Facility for innovative green projects.
• The Zimbabwean government has a separate, conditionally approved readiness support application for USD 300,000, delivered by UNEP, to strengthen the National Designated Authority (NDA) and develop a strategic engagement framework.

APA

Green Climate Fund (2017). Entity Support. https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-zimbabwe-pwc-entity-support_0.pdf

Chicago

Green Climate Fund. Entity Support. 2017. https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-zimbabwe-pwc-entity-support_0.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Entity Support |date=29 August 2017 |url=https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-zimbabwe-pwc-entity-support_0.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2017entity, author = {{Green Climate Fund}}, title = {{Entity Support}}, institution = {Green Climate Fund}, year = {2017}, month = aug, url = {https://www.greenclimate.fund/sites/default/files/document/readiness-proposals-zimbabwe-pwc-entity-support_0.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }