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Tuvalu signs financing agreement to access Climate Fund
8:42 pm GMT+12, 04/07/2017, Fiji

Tuvalu has become the first Pacific Island country to sign the Financing Framework Agreement to access funds for coastal protection activities from the Green Climate Fund.   
 
Tuvalu Prime Minister Enele Sosene Sopoaga signed the agreement with the UN Resident Coordinator and UNDP Resident Representative Osnat Lubrani in Suva.
 
The elated Prime Minister said the financing agreement, worth almost US$39 million will fund the Tuvalu Coastal Adaptation Project on the three islands of Nanumea, Nanumaga and Funafuti.
 
Adaptation projects in other islands will happen once funding is secured.
 
Tuvalu’s proposal for the Green Climate Fund funding assistance was approved in June 2016.
 
Prime Minister Enele said, “We’re very happy that Tuvalu is the first Pacific Island country to access this money from Green Climate Fund which has dominated much negotiation and coordination.”
 
The process will begin in August with a workshop where Tuvalu Government and UNDP will coordinate logistics to facilitate a swift project implementation.
 
Prime Minister recognises and commends the work and efforts of government officials who made the signing possible.
 
The signing ceremony in Suva was at the Tuvalu High Commission and witnessed by staff of Tuvalu High Commission and the UNDP office.

SOURCE: TUVALU GOVT/PACNEWS


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