EIF gets five-year green climate nod

• By Hilary Mare

THE Environmental Investment of Namibia (EIF) has been reaccredited to the Green Climate Fund (GCF) for a further five-year period following its initial accreditation which lapsed in June.

The milestone which was preceded by a rigorous institutional review and assessment of the fund by the GCF was confirmed at the 30th meeting of the GCF board recently.

EIF was first accredited by the GCF in 2016 as a Direct Access Entity for country level programme delivery. To date, the fund has, as a consequence, raised more than N$640 million for climate action grants and readiness support from the GCF for the country.