Press release: The Cook Islands leading the way in the region for access to the Green Climate Fund Readiness Support

CCCI Brilliant Resilient CKI

The Ministry of Finance and Economic Management (MFEM) and the Green Climate Fund National Designated Authority (NDA) Office of the Prime Minister are extremely pleased to announce that the Cook Islands Government have been approved approximately USD $700,000 from the Green Climate fund to carry out readiness activities for a period of 24 months.

The Cook Islands was the first country in the Pacific region and the first Small Island Developing State (SIDS) to receive readiness funding to strengthen capacity to access finance through GCF in March 2016.

The Cook Islands were granted readiness funding of USD $150,000 last year to carry out activities to strengthen the capacity of (NDA) OPM and MFEM. The readiness programme supported two local consultancy roles, the NDA consultant within the OPM and the Climate Change programme manager within the Development Coordination division of MFEM.

The Green Climate Fund provides early support for readiness and preparatory activities to enhance country ownership and access to the fund.

Readiness and preparatory support activities are not one-off measures, but part of an ongoing process to strengthen a country’s engagement with the Fund. GCF focuses its readiness support on particularly vulnerable countries, including Least Developed Countries (LDCs), Small Island Developing States (SIDS), and African States.

The Development Coordination Division of MFEM have been working tirelessly with the Climate Change Cook Islands division of OPM on this second readiness programme since September 2016 and were happy to receive confirmation that the second Readiness Project has now been approved by the GCF to continue to strengthen the NDA and MFEM, in developing strategic frameworks for engagement with the GCF, including the preparation of country programmes and progress towards Direct Access accreditation and programme development.

The process has been challenging however it has been a good opportunity to build capacity and familiarization with GCF processes. The activities under the second readiness programme will look to continue to build capacity and strengthen the NDA, strengthen national systems to assist the MFEM in becoming accredited to the Green Climate Fund and finally to develop Cook Islands develop a County Programme of climate change proposal ideas.

MFEM are also pleased to announce that a formal National Implementing Entity accreditation application has been submitted to the Green Climate Fund for consideration. Direct access to climate finance remains a high priority for the Government.

The Cook Islands Government wish to extend their greatest appreciation and gratitude to the Green Climate Fund secretariat for continuing to support the nation in our journey to become an accredited entity.

PHOTO: Participants from last years’ Brilliant Resilient Workshop on Climate and Disaster Risk Management Action