Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF – Phase 2

The document outlines a 24-month project implemented by the Global Green Growth Institute (GGGI) to address technical and institutional barriers preventing Vanuatu from accessing direct climate finance. The project focuses on developing an NDA Project Development Handbook, a national accreditation strategy, and strengthening the capacity of the Ministry of Finance and Economic Management (MFEM) to meet GCF fiduciary, environmental, social, and gender standards. Additionally, it aims to develop two high-quality project concept notes and a pre-feasibility study to build a paradigm-shifting investment pipeline.

• Vanuatu faces significant barriers to accessing climate finance, primarily because it has no national institutions accredited to the GCF, forcing reliance on regional or international entities.
• The Ministry of Finance and Economic Management (MFEM) was unable to complete its accreditation application during Phase 1 (VUT-RS-005) due to capacity constraints, internal policy changes, and the impacts of COVID-19.
• Specific gaps identified for MFEM's accreditation include a lack of unified procedures for GCF screening, missing gender policies or strategies, and deficiencies in Specialized Fiduciary Criteria and Environmental and Social Safeguards (ESS).
• The National Designated Authority (NDA) lacks standardized guidelines for project development and technical capacity for project appraisal and management.
• Vanuatu has a significant pipeline of 33 GCF project ideas, but most have not yet been developed into concept notes that meet GCF standards.
• The proposed project will deliver an NDA Project Development Handbook and a national strategy on accreditation to provide policy direction and a prioritized pipeline of projects.
• The project aims to develop or improve two prioritized concept notes and conduct a pre-feasibility study for at least one priority sector to build a paradigm-shifting pipeline.
• Vanuatu is ranked 8th globally in the Climate Risk Index (1999-2018) and leads the world disaster risk index with a score of 49.74.

APA

Green Climate Fund (2023). Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF – Phase 2. https://www.greenclimate.fund/sites/default/files/document/vut-007-gggi.pdf

Chicago

Green Climate Fund. Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF – Phase 2. 2023. https://www.greenclimate.fund/sites/default/files/document/vut-007-gggi.pdf.

Wikipedia

{{cite report |author=Green Climate Fund |title=Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF – Phase 2 |date=16 February 2023 |url=https://www.greenclimate.fund/sites/default/files/document/vut-007-gggi.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{greenclimatefund2023enhancing, author = {{Green Climate Fund}}, title = {{Enhancing Vanuatu’s Ability to Seek Accreditation and Direct Access to the GCF – Phase 2}}, institution = {Green Climate Fund}, year = {2023}, month = feb, url = {https://www.greenclimate.fund/sites/default/files/document/vut-007-gggi.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }