GCF portfolio hits USD 20 billion for climate action, Board selects host countries for new regional offices

The 44th meeting of the GCF Board (B.44) saw the landmark decision to select host countries for GCF regional offices, marking the first time GCF will have a closer physical presence in the developing countries it serves. GCF will open regional offices in:

• Latin America and the Caribbean, located in Panama City, Panama;
• Eastern Europe, Central Asia and the Middle East, located in Amman, Jordan;
  • Africa: a regional office operating across two locations:
  • East and Southern Africa in Nairobi, Kenya;
• Central, North and West Africa in Abidjan, Côte d’Ivoire;
• Pacific: a subregional office covering the Pacific, located in Suva, Fiji.

The GCF headquarters, located in the Republic of Korea, will cover East, Southeast, and South Asia.

The Board also approved USD 960.3 million for 18 new projects, raising GCF’s total portfolio to USD 20.1 billion across more than 350 projects, reinforcing its position as the world’s climate fund for developing countries. Read more.

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