IMC awarded observer status with the Green Climate Fund
We are proud to join a network of organisations, firms and individuals working alongside the Green Climate Fund to deliver more sustainable and resilient development worldwide.
Monday 18 September 2017
We are delighted to announce that IMC Worldwide is now an accredited observer of the Green Climate Fund (GCF).
The GCF was established in 2010 by 194 countries parties to the United Nations Framework Convention on Climate Change during the international climate change conference COP 16 in Cancun, Mexico.
The GCF is mandated to act as the operating entity of the Convention’s financial mechanism. It aims to support a paradigm shift in the global response to climate change by allocating financial resources to low-emission and climate-resilient projects in developing countries.
The GCF is making a substantial contribution to advancing climate resilience across the world and IMC Worldwide looks forward to supporting its work.
– Loyd Mawena, Principal Consultant, Economics and Finance
Being granted the observer status is a recognition of IMC’s longstanding work in this area.
In Bangladesh, we have been working with the Islamic Development Bank to build 172 cyclone shelters on the southern coastal belt to rebuild lives of communities affected by 2007 Cyclone Sidr and mitigate impact of future calamities.
In Serbia and the Caribbean, IMC has been helping national governments to mainstream climate resilience in the road transport sector with funding, respectively, from the World Bank and the Caribbean Development Bank. Moreover, within a World Bank’s Global Facility for Disaster Reduction and Recovery-funded project, we have been developing guidelines that aim to help local actors to recover from natural disasters worldwide.
IMC has also been appointed by the Pacific Region Infrastructure Facility, through the Asian Development Bank, to assist the government of Niue in developing a new transport investment strategy that increases climate resilience and adaptation. Moreover, we have been helping the government to prepare concept notes and apply for funding from the Green Climate Fund.
These are only some of the programmes that IMC has been implementing to increase resilience of infrastructure and communities across the world.
As GCF observer, we will have the opportunity to contribute to the ongoing work of the Fund and participate in Board meetings. We will also share learning and provide strategic advice on the design and implementation of the strategies, programmes and activities it finances.
We are looking forward to finding collaborative solutions to one of the greatest challenges of our time.
Photo courtesy of Andreas Gücklhorn from unsplash.com