Project

Project Reference Profiles – Hungary(HU1) Hungary- Balkan regional multi donor trust fund

At a Glance

Strategic Outcomes SO1 Reduced GHG emission
Start Date Q1  Sep 1 2017
End Date q1 April 30 2019
Funding Source Earmarked
Actual Budget (USD) 14,067
Budget Percentage 100%
Actual Expenditure (USD) 14,081
Status Active
GGGI Share (USD) 0
Poverty and Gender Policy Markers gender
Name of Client (Lead/Prime implementer if GGGI is part of a consortium)
Participating Organization (Funding/donor)
Name of consortium members, if any
Thematic Area
  • Cross Cutting
GGGI Project Code :
Project Manager and Staff +

Project context, objectives and description

N/A

Type of services provided, and results achieved

Impact: Stakeholders in Balkan region have access to green finance for climate actions. 

Outcome: N/A 

Project Outputs completed in 2019: 

i. Green Growth Policies:N/A

ii. Green Investments: 

  • Advisory outputs for inform bankable projects: Operational procedures were completed as part of the design of the regional fund. The fund became operational in 2019 supporting project preparation and the development of strong portfolio of projects. The operationalization of the fund also launched the negotiations with V4 countries for the multi-donor fund as part of government decision. 
  • GGGI completed in 2019 the design of the regional financing vehicle for the Western Balkans countries 
  • Green investments catalyzed: Capitalized USD 6M by the Gov. of Hungary where GGGI drafted the proposal which defines overall climate finance strategy of the Gov. of Hungary and contributions to the Western Balkans Green Center and GCF. The Decision also gives the go to the international negotiations on the multi-donor instrument based on initial design by GGGI which should leverage minimum USD 50M. 

iii. Capacity Building and Knowledge Products: N/A 

Number of staff provided

Project Manager: Julie Godin 
Miklos Szekely