GCF goes regional — the Fund selects host countries for new regional offices, marking the first time GCF will have a physical presence in developing countries.
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GCF CONNECT

 

Issue 7  April 2026

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Welcome to GCF Connect - a regular roundup of news and updates to keep you connected with GCF.

IN THIS ISSUE

HIGHLIGHTS

 

REFORM UPDATES

 

GCF IN THE NEWS

 

NEW GCF PUBLICATIONS

 

PROJECT SPOTLIGHT

 

 

HIGHLIGHTS

 

 

FEATURE STORIES

The 44th Board meeting took place at the GCF headquarters on 25-28 March. Credit: GCF / Brylle James Galang.

The 44th Board meeting took place at the GCF headquarters on 25-28 March. Credit: GCF / Brylle James Galang.

GCF portfolio hits USD 20 billion for climate action, Board selects host countries for new regional offices

The 44th meeting of the GCF Board (B.44) saw the landmark decision to select host countries for GCF regional offices, marking the first time GCF will have a closer physical presence in the developing countries it serves. GCF will open regional offices in:

  • Latin America and the Caribbean, located in Panama City, Panama;
  • Eastern Europe, Central Asia and the Middle East, located in Amman, Jordan;
    • Africa: a regional office operating across two locations:
    • East and Southern Africa in Nairobi, Kenya;
  • Central, North and West Africa in Abidjan, Côte d'Ivoire;
  • Pacific: a subregional office covering the Pacific, located in Suva, Fiji.

The GCF headquarters, located in the Republic of Korea, will cover East, Southeast, and South Asia.


The Board also approved USD 960.3 million for 18 new projects, raising GCF’s total portfolio to USD 20.1 billion across more than 350 projects, reinforcing its position as the world’s climate fund for developing countries. Read more.


More B.44 news

  • 10 organisations join GCF’s partner network: The Board approved 10 new entities for accreditation, six of which are Direct Access Entities from Barbados, Bhutan, Kyrgyzstan, Nigeria, Republic of Korea and the State of Palestine. Read more.
  • Accelerating delivery: Among the 18 newly approved projects, seven are ready for implementation after project agreements were signed between GCF and its Accredited Entity partners on the margins of the Board meeting. Read more.

 

PROGRAMMING UPDATES

GCF Regional Director for Latin America & Caribbean, Kristin Lang (right) at the signing ceremony with project partners.

GCF Regional Director for Latin America & Caribbean, Kristin Lang (right) at the signing ceremony with project partners.

Financing agreed on pioneering investment in industrial decarbonisation in Paraguay

A pioneering GCF-financed project to establish one of the world’s first commercial-scale green hydrogen-based fertilizer plants has taken a big step towards implementation.

Read more

GCF Director of Investment Services, Achala Abeysinghe (centre), Head of Readiness, Pavlos Troulis (left), and GCF Regional Manager for West Africa, Landry Ahouansou (right), at the signing ceremony.

GCF Director of Investment Services, Achala Abeysinghe (centre), Head of Readiness, Pavlos Troulis (left), and GCF Regional Manager for West Africa, Landry Ahouansou (right), at the signing ceremony.

GCF Readiness support for the Development Bank of Nigeria

The Development Bank of Nigeria (DBN) has signed a grant agreement with GCF for Readiness support to strengthen DBN's climate programming capacity and facilitate access to GCF resources.

Read more

The "Sustainable Landscapes in Eastern Madagascar" is implemented by Conservational International in partnership with the government of Madagascar. Credit: GCF / Little Big Films

The "Sustainable Landscapes in Eastern Madagascar" is implemented by Conservational International in partnership with the government of Madagascar. Credit: GCF / Little Big Films

Landmark project improved farmers’ livelihoods and protected forests in Madagascar, new report finds

A new impact evaluation report by Conservation International and GCF’s Independent Evaluation Unit has found that a GCF-financed agricultural resilience project in Madagascar increased crop production and reduced deforestation.

Read more

GCF Executive Director, Mafalda Duarte (centre) and Board Co-Chair, Seyni  Nafo (left), at a press conference in Chad.

GCF Executive Director, Mafalda Duarte (centre) and Board Co-Chair, Seyni Nafo (left), with the Chad ministers of finance and environment at a press conference in N'Djamena.

GCF announces commitment to mobilise USD 100 million for Chad

GCF has announced an accelerated programme of action in support of the government of Chad’s climate priorities. GCF has committed to mobilise at least USD 100 million for Chad, subject to GCF Board approval.

Read more

A GCF-backed project is restoring ecosystems in Nepal’s Churia region. Credit: FAO

A GCF-backed project is restoring ecosystems in Nepal’s Churia region. Credit: FAO

Scaling up climate financing in Nepal

GCF and Nepal Investment Mega Bank (NIMB) signed a Readiness grant agreement. The partnership with one of Nepa's largest banks will be the first step to unlocking more capital for climate action in Nepal.

Read more

The 7th IPAG meeting took place at the GCF headquarters at the end of 2025.

The 7th IPAG meeting took place at the GCF headquarters at the end of 2025.

Closer ties forged at GCF's Indigenous Peoples Advisory Group meeting

The seventh meeting of the Indigenous Peoples Advisory Group brought IPAG and GCF together to discuss, among other many things, strategic priorities to enhance access to climate finance and organisation of the GCF Global Conference with Indigenous Peoples on 8-10 April.

Read more

 

REFORM UPDATES

 

Follow GCF’s journey as it transforms to better serve developing countries.

Roll-out of the Revised Accreditation Framework

GCF has begun implementing the Revised Accreditation Framework (RAF), part of a comprehensive set of reforms to improve GCF’s accreditation model. The RAF aims to make accreditation more transparent, responsive, and efficient, and increase fairness and country ownership while maintaining GCF’s fiduciary, environmental and social standards.


Key changes include streamlined screening requirements to reduce duplication and improve efficiency, and a year‑round pre‑screening questionnaire and two application cycles per year to provide greater clarity and predictability for applicants. The RAF also removes fixed re‑accreditation cycles and expands access for a broader range of partners, while reinforcing country ownership.


Under the RAF roll-out, GCF opened the accreditation application window from 19 January to 6 April, the first of two for 2026. For more information, visit the GCF Accreditation page.

 

GCF IN THE NEWS

 

A selection of international media coverage featuring GCF.

  • Green Climate Fund picks locations for five developing country hubs, Climate Home News
  • Green Climate Fund to expand into regional hubs, from Amman to Nairobi, Devex  
  • GCF Approves $960 Million In New Climate Finance As Portfolio Surpasses $20 Billion, ESG News  
  • New GCF Regional Offices Aim to Improve Climate Funding Access Worldwide, FundsforNGOs

 

NEW GCF PUBLICATIONS

 

GCF.10 Impact Report: A decade of global climate action: Building resilience, transforming lives (full PDF report and web version available)

GCF Working paper: Mobilising climate finance for oceanic and coastal resilience (developed with GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit)

PROJECT SPOTLIGHT

 

Kenyan ICS producer Naomi Ngotho increased her productivity and hired six new employees as a result of the project. Photo credit: GIZ

Kenyan ICS producer Naomi Ngotho increased her productivity and hired six new employees as a result of the project. Photo credit: GIZ

Promoting climate-friendly cooking in Kenya and Senegal

An alternative to traditional stoves, Improved Cookstoves (ICS) can serve as a transitional step toward cleaner technology. The increased adoption and use of ICS can help mitigate greenhouse gas emissions by reducing them on the consumer side. However, access to ICS is hindered by low productivity and weak distribution channels.

To promote climate-friendly cooking in Kenya and Senegal, GCF partnered with the governments of Kenya, Senegal, and Germany to tackle ICS access barriers through the Promotion of Climate-Friendly Cooking: Kenya and Senegal project.

Implemented by GIZ and executing partners on the ground, the project transforms and scales up local artisanal ICS producers and distributors, accelerating the expansion of clean cooking access and fostering sustainable market growth. Nearing completion, the project has yielded strong results in Kenya and Senegal:

  • More than 5.7 million tons of CO₂ cumulatively reduced to date
  • Over 4.7 million ICS produced and sold between 2020 and 2025
  • 60 business-class ICS producers supported
  • 3,466 full-time jobs created in 2025

Read more about the project’s impact here.

 

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