The Green Climate Fund
The world’s agrifood systems must be able to sustainably nourish a growing global population while also becoming greener and mitigating the effects of climate change. Since the first GCF-approved project designed by the Centre (Paraguay in 2018), FAO has continued to expand its GCF portfolio.
The FAO Investment Centre collaborates with country and regional offices as well as FAO’s Office of Climate Change, Biodiversity and Environment to support GCF investment projects from concept note to final design. The Centre also assists other
financing partners with GCF proposals at the regional and country level, particularly IFAD and the Central American Bank for Economic Integration (CABEI).
FAO’s total GCF portfolio is valued at USD 1.2 billion (GCF plus co-financing)
and includes 20 transformative projects, 83 readiness projects and 8 projects as executing entity. These initiatives are providing much-needed climate finance to approximately 31 countries in Africa, Asia, Central America and Eastern Europe to support
their adaptation and mitigation targets in the agriculture, fishery and forestry sectors.
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