NewzThe Green Climate Fund (GCF) has implemented reforms to reduce its project approval and accreditation processes to a target of nine months, down from the previous duration of years. GCF Executive Director Mafalda Duarte announced the change, stating it aims to streamline operations.
Under these new measures, Pacific Island countries stand to gain significantly faster access to crucial climate financing. The initiative addresses longstanding delays in securing funds for climate-related projects in vulnerable regions.
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