PKSF gets Green Climate Fund accreditation
Palli Karma-Sahayak Foundation (PKSF) has been accredited as the National Implementing Entity (NIE) of the Green Climate Fund (GCF). The GCF approved the accreditationin its 18th Board meeting held in Cairo, Egypt, on 2 October 2017.
With this, PKSF joins the elite club of 59 globally reputed organisations/institutions, including UNDP, the World Bank, ADB and the International Fund for Agricultural Development (IFAD), which are accredited with the GCF.
The GCF is a financial mechanism set up by the 194 countries that are parties to the United Nations Framework Convention on Climate Change (UNFCCC). It aims to deliver funding to mitigation and adaptation to ensure climate-resilient development in the countries affected by or vulnerable to climate change.
As the NIE of the GCF, PKSF will now carry out a range of activities that may include developing and submitting funding proposals for, and overseeing the management and implementation of projects and programmes; deploying a range of financial instruments within its capacities (grants, loans, equity, and guarantees); and mobilising private sector capital.