Since the first approved GCF project designed with FAO support in Paraguay in 2018, FAO has continued to grow its GCF portfolio with over USD 936.7 million in funds raised for countries. In 2021, the GCF Board approved two FAO projects worth USD 80 million. The FAO Investment Centre helped design the USD 33 million project for the Hashemite Kingdom of Jordan, amounting to 42 percent of FAO’s approved portfolio for 2021. The project aims to improve water use and availability and to influence climate change policy and action. It is in line with Jordan’s 2017 Green Growth Plan. 

In 2021, the Centre continued preparing numerous funding proposals to be submitted to the GCF, both under the FAO portfolio and by supporting other international financing institutions. 

FAO continues to focus on more strategic and programmatic approaches that reach the most vulnerable countries. The Centre is currently working with the GCF to design the Small Island and Developing States (SIDS) programme as well as a project that will support implementation of the Great Green Wall for the Sahara and Sahel Initiative. Beyond these two global/regional initiatives, the Centre continues to provide technical support for the preparation of several projects at national level in Africa, Asia and the Pacific, Central Europe, Latin America and the Caribbean, and the Near East.  

*Projects approved as of July 2022: 

• Climate Change: The New Evolutionary Challenge for the Galapagos programme in Ecuador (USD 117.6 million)
• Climate Resilient Fishery Initiative for Livelihood Improvement in the Gambia (USD 25 million)