How FAO helps countries develop funding proposals
Developing funding proposals for Green Climate Fund (GCF) projects requires considerable investments, both in terms of time and resources. As a specialized agency of the United Nations and GCF Accredited Entity, FAO has the expertise and know-how to guide countries through the entire funding proposal process.
FAO supports
National Designated Authorities (NDAs) or focal points during the development of
funding proposals, providing guidance according to countries’ climate finance needs. Before a funding proposal is submitted to the GCF Board — which meets on a quarterly basis — FAO works closely with the NDA to ensure that the
concept note meets GCF requirements, in particular by providing a sound
climate rationale, theory of change, and exit strategy. Once the funding proposal is completed, FAO submits the
full package to the GCF Secretariat for review.
The
GCF Secretariat then assesses the project proposal to determine whether it matches and complies with its investment criteria and
policies.
Following the GCF Secretariat’s assessment, the project proposal and supporting documents are submitted to the Independent Technical Advisory Panel (ITAP) — an independent technical advisory body — which assesses the funding proposal against six GCF investment criteria and may add conditions and recommendations. FAO’s technical teams are available throughout the assessment process to swiftly and expertly address questions raised by the GCF Secretariat and ITAP.
Finally, the GCF Secretariat submits the funding proposal package — including the Secretariat’s and ITAP’s assessments — to the
GCF Board for consideration. Once the project proposal is approved, FAO and the GCF Secretariat
sign the Funded Activity Agreement, laying the groundwork for the implementation phase of the project.
