Enabling Private Sector Access to Climate Finance to Strengthen Climate Resilience Development in Tonga

The document outlines a request for USD 302,281.00 to enable the Tongan private sector, particularly MSMEs, to access climate finance. The program focuses on capacity building, identifying investment barriers, and developing a pipeline of bankable project concept notes. The Tonga Development Bank (TDB) serves as the Delivery Partner, aiming for GCF accreditation, while the Tonga Chamber of Commerce and Industry (TCCI) acts as the executing entity. Key activities include creating a sensitization communication strategy, conducting barrier assessments, and facilitating south-south cooperation with Vanuatu.

• Micro, small and medium enterprises (MSMEs) are critical to Tonga's economy, constituting 70-80% of enterprises and contributing to at least 70% of the country's overall GDP, yet they face limited direct access to financial resources for climate change impacts.
• The private sector in Tonga faces four primary categories of barriers to climate engagement: finance, information sharing, capacity development, and institutional arrangements.
• Gender disparities exist within the MSME sector, where male-led businesses are typically larger and better capitalized, and women face greater scrutiny in non-traditional sectors like construction or distribution.
• The program aims to develop two priority project concept notes for submission to the GCF's Private Sector Facility, focusing on climate resilience development within the private sector.
• The Tonga Development Bank (TDB) is the designated Delivery Partner and will use the grant to strengthen its capacity for GCF accreditation, including revising fiduciary standards and Gender Policies.
• The proposal includes a south-south cooperation component with Vanuatu to exchange learnings on accessing climate finance and developing private sector project proposals.
• The total requested amount for the 18-month implementation period is USD 302,281.00.

APA

Green Climate Fund (2021). Enabling Private Sector Access to Climate Finance to Strengthen Climate Resilience Development in Tonga. https://www.greenclimate.fund/sites/default/files/document/tonga-tonga-development-bank-ton-rs-006.pdf

Chicago

Green Climate Fund. Enabling Private Sector Access to Climate Finance to Strengthen Climate Resilience Development in Tonga. 2021. https://www.greenclimate.fund/sites/default/files/document/tonga-tonga-development-bank-ton-rs-006.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Enabling Private Sector Access to Climate Finance to Strengthen Climate Resilience Development in Tonga |date=20 January 2021 |url=https://www.greenclimate.fund/sites/default/files/document/tonga-tonga-development-bank-ton-rs-006.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2021enabling, author = {{Green Climate Fund}}, title = {{Enabling Private Sector Access to Climate Finance to Strengthen Climate Resilience Development in Tonga}}, institution = {Green Climate Fund}, year = {2021}, month = jan, url = {https://www.greenclimate.fund/sites/default/files/document/tonga-tonga-development-bank-ton-rs-006.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }