{"id":81799,"date":"2025-07-10T19:03:04","date_gmt":"2025-07-10T19:03:04","guid":{"rendered":"https:\/\/www.africa-press.net\/gambia\/uncategorized\/green-climate-fund-approves-1-2-billion-for-new-projects"},"modified":"2025-07-10T19:16:04","modified_gmt":"2025-07-10T19:16:04","slug":"green-climate-fund-approves-1-2-billion-for-new-projects","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects","title":{"rendered":"Green Climate Fund Approves $1.2 Billion for New Projects"},"content":{"rendered":"

Africa-Press – Gambia. <\/strong><\/span>The Green Climate Fund (GCF) is set to disburse $1.2 billion for 17 climate-related projects, primarily targeting regions in Asia and Africa. This marks the fund\u2019s largest funding round to date.<\/b><\/p>\n

The decision was endorsed by shareholders, including the United States, during a recent board meeting.<\/p>\n

This funding announcement comes at a time when global development assistance is under pressure. According to the OECD, aid dropped by 9 percent in 2024 and is projected to decline by 17 percent in 2025, mainly due to reductions in U.S. aid under President Donald Trump.<\/p>\n

The GCF stated that the projects are designed to assist lower-income countries in addressing the impacts of climate change. Among the allocations, $227 million will be directed towards developing green bond markets in 10 countries. Additionally, $200 million will be allocated to the India Green Finance Facility to promote renewable energy and energy efficiency.<\/p>\n

In East Africa, $150 million will be invested in improving food systems, aiming to reach approximately 18 million people.<\/p>\n

With this latest round of funding, the GCF\u2019s portfolio will expand to $18 billion, supporting initiatives in 133 countries. Donor nations have committed $29.9 billion to the fund, with $21 billion already disbursed.<\/p>\n

Beyond these new investments, the GCF board has approved measures to accelerate its collaboration with partner organisations, including multilateral institutions and Direct Access Entities (DAEs) in developing countries.<\/p>\n

To reduce the accreditation timeline for DAEs from 30 months to nine months or less, the fund plans to revise its procedures. Much of the due diligence will now be conducted at the project level.<\/p>\n

GCF Co-Chair Seyni Nafo noted that the fund is rising to meet its obligations at a time when coordinated climate action is urgently needed.<\/p>\n

Source<\/p>\n

Funding Opportunities for African Startups<\/p>\n

GIZ Nigeria & ECOWAS Agri-SME Support Program<\/p>\n

The MOVE Project supports agri-SMEs and food processors working with rice or cashew value chains. Get help with product development, market access, and business growth from the German Government and Nigeria\u2019s Ministry of Industry, Trade, and Investment.<\/p>\n

\u20ac660,000 Startup Accelerator Opportunity in Africa<\/p>\n

ESTDEV is offering \u20ac660,000 for ecosystem builders to design and implement startup accelerator programmes in East and Southern Africa, focusing on green and digital innovation.<\/p>\n

For More News And Analysis About Gambia<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Gambia. The Green Climate Fund (GCF) is set to disburse $1.2 billion for 17 climate-related projects, primarily targeting regions in Asia and Africa. This marks the fund\u2019s largest funding round to date. The decision was endorsed by shareholders, including the United States, during a recent board meeting. This funding announcement comes at a […]<\/p>\n","protected":false},"author":84,"featured_media":81798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,9],"tags":[260],"class_list":["post-81799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-gambia"],"yoast_head":"\nGreen Climate Fund Approves $1.2 Billion for New Projects - Gambia<\/title>\n<meta name=\"description\" content=\"The Green Climate Fund (GCF) is set to disburse $1.2 billion for 17 climate-related projects, primarily targeting reg ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Green Climate Fund Approves $1.2 Billion for New Projects\" \/>\n<meta property=\"og:description\" content=\"The Green Climate Fund (GCF) is set to disburse $1.2 billion for 17 climate-related projects, primarily targeting reg ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\" \/>\n<meta property=\"og:site_name\" content=\"Gambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-07-10T19:03:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-07-10T19:16:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/07\/sm_1752162297.116773.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Green Climate Fund Approves $1.2 Billion for New Projects\",\"datePublished\":\"2025-07-10T19:03:04+00:00\",\"dateModified\":\"2025-07-10T19:16:04+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\"},\"wordCount\":372,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/gambia\/sites\/19\/2025\/07\/sm_1752162297.116773.jpg\",\"keywords\":[\"Gambia\"],\"articleSection\":[\"all news\",\"miscellaneous\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\",\"url\":\"https:\/\/www.africa-press.net\/gambia\/all-news\/green-climate-fund-approves-1-2-billion-for-new-projects\",\"name\":\"Green Climate Fund Approves $1.2 Billion for New Projects - 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