MFF: Green and Resilience Financing Facility Investment Program

Proposed

The proposed program is a large-scale transformative and integrated initiative addressing the constraints. It aims to bridge the financing, capacity, institutional, and technical gaps in implementing the NAP and adaptation measures mentioned in the NDC and GRID while promoting mitigation, biodiversity, air pollution, and food security as co-benefits.The program will offer a blended pool of accessible financing (including grants, concessional loans, and credit guarantees) through a multitranche financing facility (MFF) with a Financial Intermediation Loan (FIL) component to deliver predictable long-term finance and knowledge solutions to governments, civil society, and the private sector to implement adaptation solutions while achieving other co-benefits. It will (i) promote innovation and practices for upscaling, replication, and integration, allowing a broad paradigm shift to achieve NAP, NDC, and GRID objectives; (ii) channel climate finance with large amounts of grants and leverage international and in-country financing resources toward adaptation within one coherent results and monitoring framework; (iii) design and deliver integrated multi-investment resilience packages that fully capture cross-sectoral linkages and upstream-downstream causal effects of climate change; and (iv) support building the country's capacity to directly access climate finance; create innovative instruments, such as climate bonds; and mobilize financing for climate actions.