The Togolese government has examined and adopted this Friday in the Council of Ministers, a decree on the establishment, attributions, organization and operation of the institutional framework for implementation of the Green Climate Fund (GCF).
This instrument “plays an important role in the implementation of the Paris agreement on climate. It deploys a range of financial instruments namely grants, loans, equity investments and guarantees, “says an official statement issued to that effect.
Launched since March 2017 at the national level, the activities of the preparation process for access to the Green Climate Fund “have made it possible to strengthen the technical capacities of the actors in the formulation of climate projects and the formulation of a country program serving as a framework of interaction between the Fund and Togo, “the source said.
It should be noted that the International Organization is holding its 21st Governing Council from 17 to 20 October 2018, during which 20 financing proposals, representing $ 1.15 billion, will be examined.
A financial mechanism of the United Nations Framework Convention on Climate Change, the GCF aims to achieve the transfer of funds from the most advanced countries to the most vulnerable countries in order to put in place projects to combat its effects.
