- The Ministry of Green Economy and Environment, the Government of the Republic of Zambia has obtained a Readiness Package Grant of $145,000 from the Adaptation Fund.
- The adaptation Fund’s support is based on a country’s needs, views and priorities.
The Ministry of Green Economy and Environment, the Government of the Republic of Zambia has obtained a Readiness Package Grant of $145,000 from the Adaptation Fund. The grant will facilitate the accreditation of Zambia Industrial Commercial Bank (ZICB) to the Adaptation Fund. The grant will also help strengthen the capacity to access climate adaptation finance and the overall capacity to develop and initiate the implementation of concrete projects and programmes that increase the resilience of vulnerable communities to the impacts of climate change.
Ministry of Green Economy and Environment Permanent Secretary John Msimuko welcomed the Adaptation Fund’s grant of support to Zambia which includes, among others, updating the manual of internal procedures and developing the following documents: Code of Ethics, Transparency Policy, Environmental and Social Safeguards policy and Gender Policy, Project Cycle Management, Monitoring and Evaluation guides. The support will enable the Zambia Industrial Commercial Bank to meet the Adaptation Fund accreditation requirements for National Implementing Entity eligibility.
AThe Adaptation Fund provides grants through its Readiness Programmes to enable National Implementing Entities to provide peer support to others in navigating the accreditation process while strengthening countries’ capacities to achieve Direct Access. The Adaptation Fund aims to help vulnerable communities in developing countries adapt to climate change. The adaptation Fund’s support is based on a country’s needs, views and priorities.