GCF approves first fast-track NAP grants for Liberia and Nepal
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Under the fast-track procedure, Liberia will receive USD 2.2 million with UNDP acting as the delivery partner to support the NAP process, whilst Nepal will receive a grant of USD 2.9 million via UN Environment.
The announcement of the grants was made by Javier Manzanares, Executive Director a.i. and Zaheer Fakir, GCF Board Co-Chair, at a high-level event convened by the President of COP22, H.E. Salaheddine Mezouar, on Progress in advancing NAPs.
The Board adopted the decision to expedite support for the formulation and implementation of NAPs earlier this year, setting a funding lthreashold of up to USD 3 million per country, which can be directly approved by the Secretariat. Countries can also access resources beyond USD 3 million for NAPs through the established project approval process.
At the high-level event, Ms. Adriana Dinu, Executive Coordinator of the Global Environmental Finance Unit of UNDP, said, "I would like to highlight the important contributions that the Global Environment Facility’s Least Developed Country Fund and Special Climate Change Fund and more recently the Green Climate Fund have made in the countries we support. These funds are critical enablers of urgently needed adaptation action and offer a variety of distinct options for supporting country-driven priorities and actions that LDCs and developing countries can pursue towards resilient development and growth."