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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.

The proposal seeks USD 989,098 over 30 months to address systemic barriers hindering climate action in Saint Kitts and Nevis. Key objectives include establishing a National Climate Change Committee (NCCC), updating the Public Sector Investment Programme (PSIP) strategy, conducting climate vulnerability assessments for agriculture, health, and tourism, and supporting the GCF accreditation of the St. Kitts Co-operative Credit Union (SKCCU). The project also aims to develop two GCF project concept notes through public-private partnerships and implement a gender-sensitive NDC awareness strategy.

The document outlines a 36-month readiness program implemented by the Global Green Growth Institute (GGGI) to address financial barriers in Mexico's rural and northern border regions. Key objectives include the GCF accreditation of the North American Development Bank (NADB) and Trust Funds Related to Agriculture (FIRA), the creation of a green finance transparency system, and the development of a National Carbon Policy. It specifically targets water and sanitation infrastructure in northern states and sustainable landscape management via REDD+ results-based payments. Additionally, the proposal aims to empower subnational governments to issue thematic bonds and integrate environmental and social criteria into public-private partnerships (PPPs).

The proposal outlines a 24-month program to address five key barriers to climate finance and mitigation in Paraguay. It focuses on developing a National SLCP Strategy, strengthening the accreditation process for Sudameris Bank and the Agencia Financiera de Desarrollo (AFD), creating a Private Sector Engagement Strategy for the AFOLU sector, updating the national MRV system, and developing a high-quality GCF project concept note.

The report argues that current climate finance is inadequate for loss and damage due to accessibility barriers, a reliance on loans, and a lack of focus on slow-onset and non-economic losses. It proposes six guiding principles—historical responsibility, equitable support, grant-based finance, accessibility, recipient ownership, and transparency—to inform a new UNFCCC-hosted facility. The authors recommend a phased approach, prioritizing small grants and unconditional cash transfers to empower vulnerable communities.

The proposal aims to mobilize private capital for Panama's low-emission and climate-resilient economy by addressing a lack of clarity on sustainable investments and a deficiency in climate-related financial risk management. It focuses on the banking and insurance sectors, leveraging the existing Sustainable Finance Working Group (GTFS). Key activities include creating a national taxonomy, implementing TCFD-aligned risk disclosure methodologies, and building capacity through training. The project also seeks to identify a domestic financial institution for GCF accreditation and develop a concept note for a larger mainstreaming project.

The document outlines a plan to transition the Economic and Social Development Agency (ADES) from a humanitarian organization to a GCF-accredited entity. It identifies critical gaps in ADES's fiduciary standards, environmental and social safeguards (ESS), and gender policies. The proposed 18-month intervention includes updating organizational manuals, training staff on climate finance and GCF investment criteria, and co-developing three project concept notes and one Project Preparation Facility (PPF) request. The goal is to increase Chad's country ownership of climate projects and enhance the implementation of its Nationally Determined Contributions (NDCs) and Country Programme.

The proposal seeks USD 2,545,711 over 36 months to address fiscal vulnerabilities and institutional gaps in the Dominican Republic. Key initiatives include developing a National Climate Finance Strategy, preparing for sovereign green bond issuance, implementing debt-for-climate swaps, and establishing a National Financing Vehicle. The program also aims to green the banking sector, integrate climate criteria into public-private partnerships (PPPs), develop a National Ecotourism Strategy, and create 436,065 green jobs through vocational training. Additionally, it provides technical support to accredit two national entities as GCF Direct Access Entities.

The proposal outlines a 24-month program implemented by the Global Green Growth Institute (GGGI) to address gaps in Thailand's climate finance architecture. Key objectives include supporting Kasikornbank's GCF accreditation, updating the 2017 Thailand Country Programme (TCP) to align with the updated NDC and Long-term Low Greenhouse Gas Emission Development Strategy, and creating a national climate finance strategy. A central component is the design of the Thailand Circular Economy Financing Facility (T-CEFF), a blended finance mechanism intended to de-risk investments in Municipal Solid Waste to Energy (MSW2E) and bioenergy projects, targeting a USD 200 million loan portfolio by 2025. The project also aims to refine the National Designated Authority's (NDA) no-objection procedure to better accommodate private sector proposals.

The document outlines a 24-month Readiness support project to operationalize direct access to climate finance in Fiji. It focuses on training NDA staff, supporting the MoE's Stage 2 GCF accreditation, assisting the FDB in upgrading its accreditation to ESS Category B, and developing a bankable project pipeline. Key activities include establishing a private sector engagement strategy, conducting pre-feasibility studies for projects such as the Fiji Electric Bus initiative, and enhancing the NDA Portal for better stakeholder coordination. The project is implemented by the Global Green Growth Institute (GGGI).

The Project Preparation Facility (PPF) has disbursed and committed USD 32.8 million (82% of its USD 40 million allocation) to support the development of climate funding proposals. To date, PPF support has enabled 11 approved funding proposals totaling nearly USD 3.0 billion in investment. The Secretariat has reduced processing times by 84% through streamlined approvals and introduced simplified funding and service modalities to better support direct access entities (DAEs). To cover a pipeline of 28 active requests and anticipated new needs, the document requests an additional USD 18.0 million for the remainder of GCF-1.

The GCF Board's 31st meeting resulted in the approval of two funding proposals totaling approximately USD 187.6 million, the adoption of an updated accreditation framework, and the re-accreditation of several entities. The Board discussed the Second Performance Review (SPR) and the need for a more effective private sector strategy and simplified approval processes for Least Developed Countries (LDCs) and Small Island Developing States (SIDS).

The GCF's private sector strategy aims to mobilize institutional finance and private capital for climate adaptation and mitigation in developing countries through a four-pronged approach: promoting conducive investment environments, accelerating innovation, de-risking market-creating investments, and strengthening domestic financial institutions. The report reviews the PSF's performance, noting a co-financing ratio of 3.25:1 and a heavy initial reliance on concessional loans. To meet its updated Strategic Plan targets, the GCF proposes expanding its use of equity and guarantees, improving the accreditation process via a project-specific assessment approach, and implementing a private sector outreach plan.

The report assesses the GCF's network of 113 accredited entities (AEs), evaluating their capacity to deliver on the Fund's strategic priorities. While the network is diverse and expanding—particularly in private sector and direct access entities—significant gaps remain in the ability of direct access entities (DAEs) to manage high environmental and social (E&S) risk projects and large-scale adaptation programming. The analysis highlights a low AE-to-project ratio, which may disincentivize institutional capacity building, and notes that GCF's internal processing capacity is currently insufficient to meet the growing volume of new and re-accreditation applications.

The IEU report for Q1 2022 outlines the completion of an evaluation on investments in least developed countries and the progress of the Second Performance Review (SPR). It details the development of 15 GCF Evaluation Standards to ensure high-quality, credible evidence and reports on the unit's budget expenditure, staffing updates, and communication efforts across various digital platforms.

The report synthesizes evidence from the GCF-1 period, finding that while the institution has established its functional architecture, it continues to struggle with slow accreditation processes, limited direct access for national entities, and poor quality in results measurement and reporting. It highlights a lack of a formal accreditation strategy and persistent policy gaps at the Board level. While the portfolio is growing, most projects are still in early implementation stages, and the impact of the COVID-19 pandemic has compounded existing delays. The report identifies the need for a more strategic approach to paradigm shifts and the mobilization of private sector finance, noting that current results reporting lacks credibility due to inconsistent methodologies.

The GCF Secretariat exceeded several 2021 targets, allocating USD 1.2 billion in a single board meeting and reaching a total portfolio size of USD 10 billion. Key achievements include increasing the share of direct access entity (DAE) programming and reducing the time from project approval to first disbursement. However, the Secretariat faces significant capacity constraints in processing a pipeline of over 150 accreditation and re-accreditation applications, and the simplified approval process (SAP) remains the only programming target not met.

The proposal outlines a plan to mobilize the private sector in Burundi to address climate vulnerability. It focuses on three main objectives: nominating and preparing two national entities for Green Climate Fund (GCF) accreditation, developing an action plan to implement a private sector engagement framework, and training stakeholders in developing GCF project applications. The project is implemented by the Centre de Suivi Écologique (CSE) in collaboration with Burundi's Ministry of Environment, Agriculture, and Livestock.

The GCF Secretariat's 2022 work programme focuses on six priorities: enhancing country-driven investments and direct access, building a USP-aligned portfolio, managing portfolio implementation, supporting Board governance, optimizing operational efficiency, and consolidating institutional capacity for the GCF-2 replenishment. The proposed administrative budget for the Board, Secretariat, and Trustee is USD 87,813,586, representing a 5.1% increase over 2021. Key targets include advancing a pipeline of USD 1.77-2.4 billion to review and increasing the share of the portfolio under implementation to over 80%.

The proposal seeks EUR 448,519.00 over 18 months to address capacity gaps in Thailand's transport and health sectors regarding GCF project development. It aims to produce two high-quality concept notes—one for e-mobility in transport and one for resilient health facilities—while conducting a National Readiness Needs Assessment and training at least 45 experts. The project is implemented by GIZ and coordinated with the Office of Natural Resources and Environmental Policy and Planning (ONEP).