FP254
GCF-IFC Scaling Resilient Water Infrastructure (RWI) Facility
GCF-IFC Scaling Resilient Water Infrastructure (RWI) Facility
The global climate crisis is interconnected with water, leading to greater variability in the water cycle, diminished resources, and rising CO2 emissions from inadequate water and sanitation infrastructure. There is an urgent need for improved and expanded water and sanitation systems. However, several challenges must be addressed, including strengthened policies and regulations, enhanced project preparation, long-term financing, and affordability.
The Facility will overcome the challenges with two main components: a public-private partnership structuring component that will fund project preparation, structuring, and transaction advisory activities for national and subnational beneficiaries and a concessional finance component that provides eligible projects with concessional co-investments.
GCF funding will support technical assistance for project preparation, structuring, and capacity building. This will ensure climate considerations are integrated into project design and that implementing entities have the necessary skills to manage climate-resilient infrastructure. GCF’s USD 250-million loan commitment will help bridge the viability gap for projects incorporating climate resilience measures, which often have higher upfront costs but greater long-term benefits.
Project timeline
Pipeline
04 May 2023 - 540 days
Concept note received
04 May 2023
Funding proposal received
24 Mar 2024
Cleared by GCF Secretariat
08 Aug 2024
Cleared by iTAP
30 Sep 2024
Approved
24 Oct 2024 - 31 days so far
Approved by GCF Board
24 Oct 2024
Under implementation
To be completed
Four regions
- Eastern Europe
- Latin America and the Caribbean
- Africa
- Asia-Pacific
Twelve countries
One priority group
- African States
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing
| Instrument | Amount |
|---|---|
| Grant | USD 8,000,000 |
| Loan | USD 150,000,000 |
| Loan | USD 100,000,000 |
| Total GCF Financing |
|---|
| USD 258,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Grant | USD 2,000,000 |
| Co-Financing | Grant | USD 2,000,000 |
| Co-Financing | Loan | USD 400,000,000 |
| Co-Financing | Loan | USD 400,000,000 |
| Co-Financing | Loan | USD 200,000,000 |
| Total Co-Financing |
|---|
| USD 1,004,000,000 |
GCF Contacts
General media inquiries
GCF CommunicationsSend e-mail
Request for information
GCF Information DisclosureRequest information about this project
Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
International Finance Corporation
Head, Blended Climate Finance
2121 Pennsylvania Ave NW, Washington, D.C., United States
Operations Officer
2121 Pennsylvania Ave NW, Washington, D.C., United States
More contacts
National Designated Authority
Ministry of Ecology and Natural Resources
Minister
100A Bahram Aghayev Street, Baku, Azerbaijan
Ministry of Finance
Undersecretary of Finance
Teatinos 120, Santiago, Chile
Senior Advisor, Financial and International Affairs
Teatinos 120, Santiago, Chile
Minister's Office, Ministry of Environment and Sustainable Development
Public Policy, Climate Change and Ecological Transition Expert / Technical Advisor to the Minister in charge of International Cooperation and Resource Mobilization
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Abidjan, Cote d'Ivoire
Deputy Director of Climate Change
Cite Administrative, Plateau, Tour D, 10eme etage - 20 BP 650 Abidjan 20, Cote d'Ivoire
Ministry of Environment
Manager of Carbon Certificates Marketing Department, Climate change Central Department
Conseil National Climat National Climate Council
Permanent Secretary of the National Climate Council, Special Advisor to the Gabonese President
Advisor to the Gabonese President, National Climate Council
Ministry of Environment, Forests and Climate Change
Economic Advisor
Indira Paryavaran Bhavan, Jor Bagh Road, New Delhi-110003, New Delhi, India
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Ministry of Energy Transition and Sustainable Development- Department of Sustainable Development
Director of Climate Change, Biodiversity, and Green Economy
Ministry of Climate Change and Environmental Coordination
Additional Secretary I
2nd Floor, Ministry of Climate Change and Environmental Coordination, LG&RD Complex, G-5/2, Islamabad, Pakistan
Ministry of Economy and Finance
General Director, General Directorate of International Economic Affairs, Competition and Productivity
Jr. Lampa N° 277 - Cercado de Lima,, Lima, Peru
Ministry of Environment and Sustainable Development
Director of General Directorate of Sustainable Development
Ministere des Affaires Locales et l'Environnement, Cite Administrative, Rue du Developpement, Cite el Khadra, Tunis, Tunisia
Ministry of Ecology, Environment Protection and Climate Change
Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Advisor to the Minister
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Head of International Cooperation and Grants Department
Chilanzar district, Bunyodkor ave., 7-A, Tashkent, Uzbekistan
Documents
| Title | Type | Date |
|---|---|---|
| Environmental and social safeguards (ESS) report for FP254: GCF-IFC Scaling Resilient Water Infrastructure (RWI) Facility | Environmental and Social Safeguards report | 15 Apr 2024 |