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FDB and USAID partnership takes climate change response further

June 1, 2018 7:49 pm

The Fiji Development Bank’s partnership with the United States Agency for International Development has taken Fiji’s response to climate change a step further.

This follows a signed agreement between the two in Suva yesterday, stating that the bank will be assisted through USAIDS Ready Project to achieve accreditation that’s required for the Green Climate Funding.

FDB Chief Executive, Mark Clough says this opens a direct line of access to GCF financing – critical for immediate economic growth and for long term economic sustainability.

“Shows that the international community and USAID clearly recognizes the importance of climate change adaptation and mitigation and the role of the GCF in the future of Fiji maybe not just the future but also the survival of Fiji but also Pacific and islands nations as well.”

He says this will help them prioritize areas of technical support and implement policies that achieve national adaption and mitigation outcomes.

The GCF is a financial mechanism under the UN Framework Convention on Climate change.