Strengthening policies and structures to access climate finance in the Republic of Nicaragua

The proposal aims to overcome institutional and financial barriers in Nicaragua by strengthening the capacity of the National Designated Authority (MHCP) and a Direct Access Entity applicant (MARENA). Key activities include enhancing project selection procedures, developing a climate finance monitoring system in the Municipality of Managua, closing accreditation gaps for MARENA through new fiduciary and gender policies, and drafting a national Green Growth Strategy. The project also intends to develop three concept notes for climate funding, with implementation led by the Central American Bank for Economic Integration (CABEI) over an 18-month period.

• The Ministry of Finance and Public Credit (MHCP), acting as the National Designated Authority (NDA), lacks the expertise to properly analyze project proposals regarding environmental and social safeguards, gender, and indigenous peoples' rights prior to submission to the GCF.
• Nicaragua's existing public investment tracking system does not include climate change as an indicator, making it impossible to accurately assess the amount of public investment responding to climate change.
• To address monitoring gaps, the project will implement a pilot climate finance classification and monitoring system in the Municipality of Managua (ALMA), which requires new hardware to replace obsolete physical nodes in its datacenter to ensure high availability of reporting systems.
• MARENA requires the development of several internal policies and procedures to meet GCF accreditation standards, specifically in fiduciary control, gender, and grant awarding.
• The proposal includes the creation of a Green Growth Strategy with a planning horizon to 2050, focusing on renewable energy, low-emission transportation, and emission-free land-use, which together account for approximately 90% of Nicaragua's greenhouse gas emissions.
• The project aims to develop three new concept notes for submission to the GCF or other funds (such as the Adaptation Fund, GEF, or CIFs) to target high-priority actions for the 2020-2023 period.

APA

Green Climate Fund (2020). Strengthening policies and structures to access climate finance in the Republic of Nicaragua. https://www.greenclimate.fund/sites/default/files/document/strategic-framework-and-capacity-building-nicaragua-cabei.pdf

Chicago

Green Climate Fund. Strengthening policies and structures to access climate finance in the Republic of Nicaragua. 2020. https://www.greenclimate.fund/sites/default/files/document/strategic-framework-and-capacity-building-nicaragua-cabei.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Strengthening policies and structures to access climate finance in the Republic of Nicaragua |date=13 November 2020 |url=https://www.greenclimate.fund/sites/default/files/document/strategic-framework-and-capacity-building-nicaragua-cabei.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2020strengthening, author = {{Green Climate Fund}}, title = {{Strengthening policies and structures to access climate finance in the Republic of Nicaragua}}, institution = {Green Climate Fund}, year = {2020}, month = nov, url = {https://www.greenclimate.fund/sites/default/files/document/strategic-framework-and-capacity-building-nicaragua-cabei.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }