The Ministry of Economic Growth and Job Creation (MEGJC) reports that an agreement was signed today for the Ministry to become the National Designated Authority officially responsible for working with the Green Climate Fund (GCF). The Jamaican Government has already nominated two government entities to become National Implementing Entities for the funds.
October 17, 2017
Green Climate Fund Readiness Grant Agreement Signed
Jamaica’s capacity to develop proposals to access funding for projects aimed at climate change resilience is to be built through a grant secured from the Green Climate Fund’s (GCF) Readiness and Preparatory Support Programme.
The grant in the sum of $US300,000 will be used to build the capacity of the Climate Change Division (CCD) in the Ministry of Economic Growth and Job Creation (MEGJC), as the National Designated Authority (NDA) responsible for engagement with the GCF.
The agreement was signed at the Jamaica House Banquet Hall on Tuesday, October 17, 2017 by the Permanent Secretary in the Ministry, and witnessed by the Minister without Portfolio, the CCD’s Principal Director, members of the Climate Change Advisory Board and other stakeholders.
The Climate Change Division became the NDA to the Green Climate Fund in 2015. However, its capacity to fully take advantage of the opportunities of the fund and/or engage stakeholders in Jamaica to sensitize them about its offerings was hampered due to human and other technical factors.
In her address, Permanent Secretary in the MEGJC, Audrey Sewell, emphasized that the grant is designed to put the country in the best position to take advantage of the offerings of the larger GCF funding facility. She said, “The readiness grant will allow for the engagement of consultants in climate and development finance to provide technical support to the CCD to develop a country programme for engagement with the GCF and to strengthen its capacity to promote the Fund and the priorities and financing options to stakeholders, including the private sector. The development of a country programme will ensure that priority areas are aligned through a streamlined plan and that funding proposals are consistent with national intended outcomes and priorities.”
To build efficiency in the engagement process with the Fund as well, Jamaica has nominated two entities – the Development Bank of Jamaica (DBJ) and the Jamaica Social Investment Fund (JSIF) – to become National Implementing Entities (NIEs). Subsequent to approval, they will be instrumental in the development of funding proposals and the management and monitoring of projects and programmes.
Minister without Portfolio in the MEGJC, Daryl Vaz, encouraged widespread stakeholder support for the initiative. He said, “This GCF support can be considered as the first step on a journey towards the financing of many more projects that are in the CCD’s portfolio as well as those that are still in the pre-planning phase. I am appealing to the private sector and to all the non-governmental organizations to work with the Ministry and the CCD… No developing country or small island developing state can fund, from their national budgets, all the activities for responding to climate change. We must seek assistance from external sources like the GCF. It is your responsibility to assist this process.”
Mr. Vaz also advised that approval has been secured for a second grant from the GCF Readiness portfolio, for which signing will take place soon. This grant is in the amount of US$580,000 and will be used to strengthen the capacity of private sector entities to access resources from the GCF for increased climate action.
The CCD’s Principal Director, Una May Gordon, endorsed the efforts of the GCF and the deepening of the country’s engagement with the Fund.
The GCF was established in 2010 as a global fund to assist in providing funding to support the efforts of developing countries to respond to the challenge of climate change.
The Readiness and Preparatory Support Programme is a funding mechanism which seeks to enhance country ownership and access to the Fund. It provides resources for strengthening the institutional capacities of NDAs or focal points and direct access entities to efficiently engage with the Fund. Resources may be provided in the form of grants or technical assistance.
For further information, please contact:
Una May Gordon – Principal Director l
Climate Change Division – Ministry of Economic Growth and Job Creation l 16A Half Way Tree Road, Kingston 10, Jamaica l Tel: (876) 633-7500 l Email: Unamay.Gordon@megjc.gov.jm l October 17, 2017