PNG, a step ahead to access funds

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Papua New Guinea, Post Courier 19th April 2018

PAPUA New Guinea is among a number of Pacific Island nations that are about to complete a direct accreditation towards achieving Green Climate Funds to address climate change, a workshop was told last week.

The accreditation is a requirement by the green climate funds- a new global fund created to support the efforts of developing countries to respond to the challenge of climate change.

PNG has already completed the accreditation for the GCF readiness fund in which K1.5 million was drawn down last November.

The fund is to help strengthen its institutional capacity and private sector and stakeholder engagement.
Chief of party USAID ready project Lee Barker has advised that PNG may be ahead of some of the countries getting its direct accreditation complete to access the climate ready funds.

He said all countries are using direct accreditation. Fiji has received funding through Fiji Development Bank. Solomon Islands had received a slice of GCF through ADB and World Bank.

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Papua New Guinea