The Fiji Development Bank will soon have access to international funding for projects that can make communities more resilient to natural disasters.
This is after FDB formalized a shared commitment with the United States Agency for International Development to help the bank gain accreditation with Green Climate Fund.
USAID Philippines Environment Officer, Brett Jones says their Ready Project is assisting the bank with accreditation requirements with two critical developments.
“It’s very important for the United States here to continue to support a disaster resilient community across the Pacific because this is a community that can support the life and likelihoods of its own people and their hoping to continue to work with the FDB to help formulate projects and proposals when fully accreditation is received. Accreditation conditions first is the gender equity and social inclusion policy and a procurement policy.”
The GCF is a financial mechanism under the UN Framework Convention on Climate change.
FDB Chief Executive, Mark Clough says this will help them prioritize areas of technical support and implement policies that achieve national adaption and mitigation outcomes.
The two were speaking at an agreement signing between FDB and USAID in Suva this morning.
