GGGI partners with the Colombian Government to support GCF Structured Dialogue in Latin America

The week-long Green Climate Fund’s Structured Dialogue in Latin America kicked off on March 5, 2018, in Bogota, Colombia. The event began with opening remarks by the Colombian President Juan Manuel Santos Calderón and Green Climate Fund’s Executive Director Howard Bamsey.

“I have both personal and presidential commitment to fight against climate change”, said President Santos.

“It is an honor for Colombia to host this Dialogue, which clearly shows the political will of this continent”, he added.

This Dialogue brought together representatives of 19 Latin American countries and 150 GCF Partners to learn more about how to access the Fund’s resources. They include National Designated Authorities (NDAs) and Focal Points, Accredited Entities, Readiness delivery partners, private sector representatives and civil society organizations.

GGGI, as a trusted advisor to the Colombian Government and strategic partner with GCF, attended the Dialogue, and supported the National Planning Department (DNP) to host a welcoming network event.

GGGI highlighted its strategic position, which is to support its partner governments and their access to climate finance, playing a bridging role between financiers and countries. GGGI’s objectives will focus on the end result, to ensure that climate finance flows into its partner countries.

In 2017, GGGI began to support its Member and partner countries under the GCF Readiness and Preparatory Support Program. As of February 2018, GGGI has provided technical assistance to prepare readiness grants and bankable projects in 15 countries, and is expected to mobilize $10-15M for the countries’ readiness.

GGGI is supporting the implementation of readiness projects in Mongolia, Vanuatu and Papua New Guinea, Thailand and Lao PDR. To date, a total of $5.5M readiness proposals were submitted by GGGI Member and partner countries and $2.2M was secured. GGGI and the GCF and signed an MOU and the Framework Readiness and Preparatory Support Grant Agreement in April 2017 to guide future cooperation between both organizations and leverage GGGI’s strong local presence, relationships and knowledge to support the implementation of ambitious green growth programs and climate change projects in developing countries.