Dumyāţ

Maţrūḩ

Sūhāj

Ad Daqahlīyah

Ash Sharqīyah

Al Fayyūm

Al Jīzah

Shamāl Sīnā'

Al Gharbīyah

As Suways

Al Ismā'īlīyah

Al Wādī al Jadīd

Al Qalyūbīyah

Janūb Sīnā'

Aswān

Kafr ash Shaykh

Al Iskandarīyah

Asyūţ

Qinā

Al Uqşur

Al Baḩr al Aḩmar

Banī Suwayf

Al Minyā

Al Buḩayrah

Al Minūfīyah

Al Qāhirah

Būr Sa‘īd

Egypt

This project scales up access to climate finance in low- and middle-income countries by developing green bond markets that mobilize investment in low-emission development. It supports GCF’s strategic goal of mobilizing private finance through innovative, market-based instruments.

Scaling low-emission development in the participating countries is constrained by limited capital, underdeveloped financial ecosystems, and few instruments to attract private investment. These countries also face acute climate vulnerability and mounting risks to their economic and social systems. Strengthening local capital markets is essential to bridge financing gaps and channel resources toward mitigation priorities.

The project aims to mobilise climate finance in low- and middle-income countries by supporting the development of local green bond markets. Through a dedicated investment fund, capital from development finance institutions and private investors will be used to finance climate mitigation projects, while parallel EU-led facilities support capacity-building and lower borrowing costs for bond issuers.

 GCF will invest EUR 200 million (approximately USD 227 million) in equity through the initiative’s fund to support mitigation projects across ten participating countries. The project will prioritise small-scale, low-carbon energy systems and create investment opportunities in hard-to-abate sectors such as transport, helping to channel private capital toward national decarbonisation efforts.

Local CSOs and CBOs in landscapes-seascapes around the world access grant financing and technical assistance, including capacity development and knowledge sharing to maintain and enhance their socio-ecological resilience, well-being and socio-economic conditions for global environmental benefits.

Smallholder farmers in Africa are increasingly vulnerable to climate change. Rising temperatures, droughts, and shifting rainfall patterns threaten their livelihoods and food security. Cultivating 80 per cent of Africa's farmland, they face several challenges, including poor market access and limited inputs, which reduce agricultural productivity, crop yields, and income, further limiting their adaptive capacity.

The programme aims to enhance the climate resilience of smallholder farmers and the agriculture value chain, ultimately promoting increased productivity and food security. It will invest in venture, early and early-growth stage companies that offer bundled adaptation solutions tailored for smallholder farmers. This adaptation-focused blended-finance venture capital fund will build upon the success of ARAF I (FP078), which was anchored by GCF. The Technical Assistance Facility will also support investee companies and smallholder farmers in climate resilience, integrating gender considerations, measuring impact and advancing business development.  

The programme enables smallholder farmers to adopt climate-resilient agricultural practices and access adaptation funding while also providing early-stage capital for innovative climate solutions, business models and technologies to early-stage ventures and micro, small, medium-sized enterprises (MSME).

GCF’s USD 30 million equity contribution will be matched by USD 90 million equity co-financing towards a USD 120 million fund. GCF will also provide USD 4 million in non-reimbursable grant to a USD 12 million Technical Assistance facility.

Mobilising private sector climate finance is an urgent priority to enable vulnerable countries to move towards a climate-resilient future rapidly.

This programme aims to achieve a systemic transformation of the financial sector in 13 countries by providing concessional financing for climate change mitigation and adaptation projects for small and medium enterprises, housing associations, municipalities, public utilities, and others.

Building upon Green Economy Financing Facility (FP025), it aims to leverage existing networks in each of the participating countries to develop climate-compatible financial systems, so that five per cent of banking sector assets, amounting to USD 180 billion, will be channeled to Paris-aligned pathways by the tenth year of programme implementation.

The programme comprises a lending envelope of USD 620 million for banks, microfinancing institutions and leasing companies, and a grant-funded technical assistance facility of USD 49 million to assist financial institutions with developing green transition plans. To foster gender-inclusive development and greater economic inclusion, the programme intends to commit at least 20 per cent of the loans to women or women-led businesses and 30 per cent to end borrowers outside the countries’ main cities.

Geography

Egypt

Recent documents

Adaptation Fund

Climate Investment Funds

Green Climate Fund

Global Environment Facility