This document discusses accessing funding from the Green Climate Fund (GCF) through accredited entities. It explains that developing countries can access GCF resources through entities that have been accredited based on their experience managing climate projects and programs. The accreditation process takes over 2 years and requires entities to demonstrate standards in areas like fiduciary duties, financial instruments experience, and environmental and social risk management. The document shares Fundación Avina's experience becoming a regionally accredited entity in 2017, including implementing readiness projects and designing adaptation projects with GCF support. It notes the accreditation process and project development are expensive and time-consuming. Recommendations include assessing if accreditation is feasible and partnering with accredited entities if not.

1. Access to GCF funding
Andrea Rodriguez Osuna

2. CONTENT
•Green Climate Fund´s Acreditation Process
•Fundación Avina´s experience with the GCF
•Options for accessing resources from the GCF

3. ACCESS TO GCF
RESOURCES
• A developing country can access resources
from the Green Climate Fund through an
Accredited entity.
• Accreditation conditions vary according to
the capacity of the entity and its track
record to manage climate change projects
and programs.
Source: GCF

4. ACCESS TO GCF
RESOURCES
Accredited entities have to demonstrate:
• Experience managing projects according to Size
(micro, small, medium and large).
• Have fiduciary standards (Basic and Specialized) in
place such as administrative and financial capacities,
and that their internal mechanisms are transparent
and accountable.
• Experience with the type of financial instruments
they manage (grants, loans, equity and guarantees).
• Experience managing a type of environmental and
social risk in a project/program (Risk
A/Intermediation 1, Risk B- Intermediation 2, Risk
C/Intermediation C)
• Accredited entities must have a gender policy in
place.
Source: GCF

5. ACCESS TO GCF
RESOURCES
• Accredited entities can be Direct
(National) (Regional) or
International.
• To date, the GCF has accredited
113 entities.
• Accredited entities need a NO
OBJECTION LETTER from National
Designated Authorities (NDA) or
Focal Points (FP) in order to access
GCF resources.
Source: GCF

6. Fundación Avina´s
experience
o Fundación Avina became accredited to the
GCF in 2017 (Effective in 2018) as a Regional
Direct Access Entity to manage
projects/programs of up to 10 million USD
(Micro), Grant-based only and projects
Category C/Intermediation 3.
o It took over 2 years to complete the
Acreditation Process.
o Next year, Fundación Avina has to apply to
become reacredited once again.

7. Fundación Avina´s experience
o To date, we have implemented 4 Readiness Projects in
Latin America.
o We are also designing two Adaptation Projects that have
received financial resources from the Project Preparation
Facility (PPF) for technical design.
o Overall, our experience developing projects from the
ground is that it is extremely expensive and time
consuming.
o A lot of technical information is required to support
project formulation (Scientific data, gender specific data,
financial and economic data among others)
o Requesting financial assistance from the GCF does take
time.

8. RECOMMENDATIONS
• Assess if going through the accreditation
process is feasible for the goals of the project
proposal and for the entity seeking
accreditation.
• When accreditation is not feasible, seek to
partner with existing Accredited Entities.
• It is very important to have project ideas that
are aligned to climate targets of the country in
which the project proposal seeks to be
implemented.
• It is important that the project idea receives
support from the NDA. Project ideas should be
including in the Country Work Program to
secure possibility of funding.

9. A n d r e a R o d r i g u e z O s u n a , M a n a g e r , g l o b a l c l i m a t e f i n a n c e
m e c h a n i s m s / i n i t i a t i v e s
A n d r e a . R o d r i g u e z @ A v i n a . n e t
THANK YOU!