At its 25th meeting, the Adaptation Fund Board (AFB), inter alia, approved financing for climate adaptation projects in India, Jordan and Morocco, introduced a streamlined accreditation process for small entities and accredited two new implementing entities.
In approving a streamlined accreditation process, the AFB opened up possibilities for small entities to demonstrate their competence and capacity to meet acceptable requirements to access adaptation funding. This further aligns the Adaptation Fund (AF) accreditation process with the Paris Declaration on Development Effectiveness, the Accra Agenda for Action and subsequent development conferences.
Further, the AFB accredited two new national implementing entities (NIEs), which will be able to tap directly into financing from the Fund: Panama's Fundación NATURA; and Micronesia Conservation Trust (MCT).
Also, Jordan's accredited NIE, the Ministry of Planning and International Cooperation (MOPIC), will receive funding to increase the resilience of poor and vulnerable communities to climate change impacts in Jordan through implementing innovative projects in water and agriculture in support of adaptation to climate change. India's accredited NIE, National Bank for Agriculture and Rural Development (NABARD), will receive funding to implement a project on building adaptive capacities of small inland fishers for climate resilience and livelihood security. Morocco's accredited NIE, Agence pour le Développement Agricole (ADA), will receive funding to increase the climate resilience capacity of vulnerable people and agriculture ecosystems in oasis zones. These three projects will channel an additional US$21 million of adaptation funding to the most vulnerable.
The AFB meeting took place in Bonn, Germany, from 6-10 April 2015. [AF Press Release] [Decisions of the 25th Meeting of AFB]
THEMES:
TAGS:
- adaptation fund
- NIE
