GCF Greening Financial Systems (GFS)

approved

The GCF Greening Financial Systems (GFS) Framework ("GCF GFS Framework" or "Framework") will consist of a $620 million allocation, of which $434 million will be provided by the Bank's ordinary resources and $186 million by the Green Climate Fund ("GCF"). The Framework will be implemented in Armenia, Egypt, Jordan, Georgia, Kazakhstan, Kyrgyz Republic, Moldova, Mongolia, Morocco, North Macedonia, Serbia, Tajikistan, and Uzbekistan (collectively referred to as the 13 "Eligible Countries"). The Framework will be provided through a combination of loans and other financial instruments to partner financial institutions ("PFIs") for their investments in low greenhouse gas emissions and climate-resilient development, through gender-responsive on-lending to private and public sector beneficiaries (including individuals, MSMEs and mid-cap enterprises, technology suppliers, producers, vendors and installers/service providers, construction companies, housing associations and municipalities).