Fiji Development Bank Partners with Global Green Growth Institution
The Fiji Development Bank and the Global Green Growth Institute signed a Memorandum of Understanding on Green Growth and Climate Finance Cooperation.
This partnership stems from FDB’s accreditation to the Green Climate Fund in October 2017 as a Direct Access Entity and is part of the Fijian Government’s strategy to channel crucial climate finance through national institutions for boosting resilience of the Fijian economy to climate-induced events.
FDB is now directing efforts to finalizing a GCF concept note and develop a pipeline of projects.
For this,the Global Green Growth Institute will provide interim technical support to FDB through the secondment of a staff member to develop Fiji’s first GCF proposal on e-mobility and strengthen Fiji’s stance on accessing critical climate finance through the GCF.
FDB’s Chief Executive Officer, Mark Clough, said the Fiji Development Bank and Green Growth Institute share common green growth objectives for Fiji and with GGGI’s technical expertise and establish a pipeline of projects for a climate resilient future.