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This working paper by the World Resources Institute evaluates the Green Climate Fund's (GCF) 'direct access' modality, which allows institutions in developing countries to receive funding without international intermediaries. While 62 developing country institutions were accredited as of November 2020, 67 percent of them had not yet received project approval. The paper analyzes four support mechanisms—the Readiness Programme, Project Preparation Facility, Simplified Approval Process, and Enhancing Direct Access pilot—finding that high administrative burdens, funding gaps for concept notes, and rigid eligibility criteria hinder smaller institutions from accessing climate finance.