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EIF’s Journey with the GCF

April 2022

The Environmental Investment Fund of Namibia (EIF) was one of the first institutions in Africa to access climate finance directly from the Green Climate Fund (GCF). It was accredited to the GCF in 2016, following a rigorous assessment of its capacities to manage funding for climate change projects. Since then, it has successfully raised a total funding amount of nearly USD 40 million (more than NAD 500 million) from the GCF for four projects which are building the resilience of vulnerable communities in Namibia to the negative impacts of climate change. These projects are now well into their implementation, with the first two nearing completion, and many lessons have been learned along the way. (Read full report)