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Green Climate Fund: Training to Guide Accredited Entities in Burkina

At the end of this training, the actors must have very clear ideas of what is essential to follow in the climate portfolio of the Green Climate Fund in Burkina Faso and to equip themselves with tools allowing them to know if they are on the right track. good path to resource mobilization, according to the program manager.

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Green Climate Fund

The entities accredited for the management of Green Climate Fund projects in Burkina Faso are in conclave in Ouagadougou. For four days (January 30 to February 2nd, 2024), these accredited entities will be trained on the procedures manual which will allow them to move towards deserving areas of climate intervention.

The opening ceremony held on the morning of January 30th, was chaired by the program manager of the International Union for Conservation of Nature (IUCN), Dr Jacques Somda, alongside the representative of the National Authority designated (AND) of the Green Climate Fund, Augustin Kaboré.

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12 projects financed through the Green Climate Fund in Burkina

This training, according to Dr Jacques Somda, is indeed very important for Burkinabè actors in the mobilization of climate resources, in particular climate finance from the Green Climate Fund. Because, he says, in addition to guiding the accredited entities deserving to be upgraded compared to others, it will also be a question for them of judging the relevance of the indicators to follow or not in order to make decisions. , in terms of portfolio adjustment allocated to Burkina.

Clearly, according to the trainer, Souleymane Doussa, it will be a matter of ensuring that accredited entities appropriate the elements of the Green Climate Fund project cycle, of making them understand the role of the National Authority designated (AND), at each phase of the project cycles.

Finally, it will be a question of ensuring that they can understand how to monitor and evaluate this portfolio allocated to the country, with a view to maximizing results at the sectoral, regional and country level, he stressed. While indicating that to maximize these results, the Burkinabe State must equip itself with appropriate tools for the project cycle in its portfolio.

“Because climate action includes sub-actions, adaptation and conservation actions and in the Green Climate Fund, they want adaptation actions to mobilize 50% and mitigation actions 50%. And to be able to respect this climate action profile, it is important that the AND enlists the support of accredited entities by equipping itself with tools that allow it to know if we are on the right path to mobilizing climate action. resources,” suggested Dr Somda.

At the end of this training, the actors must have very clear ideas of what is essential to follow in the climate portfolio of the Green Climate Fund in Burkina Faso and to equip themselves with tools allowing them to know if they are on the right track. good path to resource mobilization, according to the program manager.

Furthermore, regarding the Green Climate Fund, it should be noted that the BF has benefited from 12 projects, including 2 country projects, with an envelope of around $100 million, that is to say, a little more than 70 billion FCFA, and concerning the procedure manual for these projects, the country has a little more than $5 million, around 2 billion FCFA, recalled the representative of the AND, Augustin Kaboré.

This manual, which is in question here, according to him, is in a way like their holy book which will serve to ensure that Burkina can present better projects at the level of the Green Climate Fund in order to have the maximum resources ahead of other countries.

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(Featured image by geralt via Pixabay)

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First published in le faso.net. A third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Helene Lindbergh is a published author with books about entrepreneurship and investing for dummies. An advocate for financial literacy, she is also a sought-after keynote speaker for female empowerment. Her special focus is on small, independent businesses who eventually achieve financial independence. Helene is currently working on two projects—a bio compilation of women braving the world of banking, finance, crypto, tech, and AI, as well as a paper on gendered contributions in the rapidly growing healthcare market, specifically medicinal cannabis.