DOCSLIB.ORG

Consideration of Funding Proposals – Addendum Funding Proposal Package for FP015

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Consideration of Funding Proposals – Addendum Funding Proposal Package for FP015 Meeting of the Board 28 – 30 June 2016 GCF/B.13/16/Add.07 Songdo, Incheon, Republic of Korea Provisional agenda item 12(e) 8 June 2016 Consideration of funding proposals – Addendum Funding proposal package for FP015 Summary This addendum contains the following three parts: a) A funding proposal titled “Tuvalu coastal adaptation project” submitted by United Nations Development Programme (UNDP); b) A no-objection letter issued by the national designated authority or focal point; and c) Environmental and social report(s) disclosure. The documents are presented as submitted by the accredited entity, and national designated authority or focal point, respectively. GCF/B.13/16/Add.07 Page b Table of Contents Funding proposal submitted by the accredited entity No-objection letter issued by the national designated authority or focal point Environmental and social report(s) disclosure Project/Programme Title: Tuvalu Coastal Adaptation Project Country/Region: Tuvalu Accredited Entity: United Nations Development Programme Date of Submission: 30/03/2016 Contents Section A PROJECT / PROGRAMME SUMMARY Section B FINANCING / COST INFORMATION Section C DETAILED PROJECT / PROGRAMME DESCRIPTION Section D RATIONALE FOR GCF INVOLVEMENT Section E EXPECTED PERFORMANCE AGAINST INVESTMENT CRITERIA Section F APPRAISAL SUMMARY Section G RISK ASSESSMENT AND MANAGEMENT Section H RESULTS MONITORING AND REPORTING Section I ANNEXES Note to accredited entities on the use of the funding proposal template • Sections A, B, D, E and H of the funding proposal require detailed inputs from the accredited entity. For all other sections, including the Appraisal Summary in section F, accredited entities have discretion in how they wish to present the information. Accredited entities can either directly incorporate information into this proposal, or provide summary information in the proposal with cross-reference to other project documents such as project appraisal document. • The total number of pages for the funding proposal (excluding annexes) is expected not to exceed 50. Please submit the completed form to: [email protected] Please use the following name convention for the file name: “[FP]-[Agency Short Name]-[Date]-[Serial Number]” PROJECT / PROGRAMME SUMMARY GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 1 OF 66 A A.1. Brief Project / Programme Information A.1.1. Project / programme title Tuvalu Coastal Adaptation Project (TCAP) A.1.2. Project or programme Project A.1.3. Country (ies) / region Tuvalu A.1.4. National designated authority (ies) Hon. Enele Sosene Sopoaga, Prime Minister A.1.5. Accredited entity United Nations Development Programme A.1.5.a. Access modality ☐ Direct ☒ International Executing Entity: United Nations Development Programme Beneficiary: Climate Change Policy Unit, Department of Environment, Public Works Department, Department of A.1.6. Executing entity / beneficiary Lands and Survey, Department of Rural Development, Ministry of Education Total number of beneficiaries (# of people): approximately 3,100 direct beneficiaries and 3,499 indirect beneficiaries ☒ A.1.7. Project size category (Total investment, million ☐ Micro (≤10) Small (10<x≤50) USD) ☐ Medium (50<x≤250) ☐ Large (>250) A.1.8. Mitigation / adaptation focus ☐ Mitigation ☒ Adaptation ☐ Cross-cutting 3 October 2015 A.1.9. Date of submission 2 December 2015 Date of re-submission 30 March 2016 2 May 2016 Contact person, position Yusuke Taishi Organization United Nations Development Programme A.1.10. [email protected] Project Email address contact +66-2-304-9100 Ext. 5015 details Telephone number United Nations Service Building, 4th Floor Mailing address Rajdamnern Nok Avenue, Phranakorn Bangkok 10200 Thailand A.1.11. Results areas (mark all that apply) Reduced emissions from: Energy access and power generation ☐ (E.g. on-grid, micro-grid or off-grid solar, wind, geothermal, etc.) Low emission transport ☐ (E.g. high-speed rail, rapid bus system, etc.) Buildings, cities and industries and appliances ☐ (E.g. new and retrofitted energy-efficient buildings, energy-efficient equipment for companies and supply chain management, etc.) Forestry and land use ☐ (E.g. forest conservation and management, agroforestry, agricultural irrigation, water treatment and management, etc.) Increased resilience of: ☒ Most vulnerable people and communities PROJECT / PROGRAMME SUMMARY GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 2 OF 66 A (E.g. mitigation of operational risk associated with climate change – diversification of supply sources and supply chain management, relocation of manufacturing facilities and warehouses, etc.) Health and well-being, and food and water security ☐ (E.g. climate-resilient crops, efficient irrigation systems, etc.) ☒ Infrastructure and built environment (E.g. sea walls, resilient road networks, etc.) ☐ Ecosystem and ecosystem services (E.g. ecosystem conservation and management, ecotourism, etc.) A.2. Project / Programme Executive Summary (max 300 words) 1. The proposed GCF project will enable the Government of Tuvalu (GoT) to implement measures that are urgently required to reduce the impact of increasingly intensive wave action on key infrastructure as a result of climate change induced sea-level rise and intensifying extreme events. Financial and capacity constraints at all levels – from technical to community awareness – that have prevented a sustainable coastal protection solution will be addressed. With GCF financing, it is expected that 35% of high-value vulnerable coasts (2,780m in length) will be made more resilient to withstand the effects of increased wave intensity, compared with the baseline of 7% (570m). The targeted GCF investments will occur at locations that have high concentration of residences. Expected direct benefits are significant with 3,100 people or 29% of the total population in Tuvalu benefiting from the mitigated impact of future wave overtopping events. The project will also strengthen institutional and community capacities for sustaining and replicating project results. 2. Building coastal resilience is an urgent national priority and the formulation of this project has been led at the highest political level and the scope of the project has been fully discussed and devised by a Technical Working Group comprising key Government departments and NGO associations, representing communities. 3. The proposed project leverages domestic financing (USD2.86 million) and is a non-revenue generating public good. Grant funding is therefore requested. The Prime Minister of Tuvalu, who is the NDA to the GCF, has issued a letter of no-objection for the proposed project that is very much country-driven and owned and has had significant input into the proposal. A.3. Project/Programme Milestone Expected approval from accredited entity’s 29 September 2015 Board (if applicable) Expected financial close (if applicable) TBD (Date of agreement on the FAA between UNDP and GCF) Start: 01/10/2016 Estimated implementation start and end date End: 30/09/2023 Project/programme lifespan 40 years FINANCING / COST INFORMATION GREEN CLIMATE FUND FUNDING PROPOSAL | PAGE 3 OF 66 B B.1. Description of Financial Elements of the Project / Programme 4. Grant financing is requested from the GCF to reduce the impact of increasingly intensive wave activity, through the compounding effects of sea-level rise and intensifying storm events, that is amplifying coastal inundation and erosion. It is evident and well accepted that the effects of climate change will only worsen coastal inundation and erosion in Tuvalu. The GCF grant will increase the coverage of coastal protection from the baseline 570m to 2,780m benefiting nearly 29% of the entire population. The GCF investments on coastal protection are directed at coastlines in three islands (Funafuti, Nanumea and Nanumaga) along areas that have a high concentration of houses, schools, hospitals and other social and economic assets (henceforth referred to as “high-value” coastline)1. 5. Tuvalu is a Least Developed Country with a total population of 10,640. The relatively high per capita income is considered “barely sufficient to cover the high economic cost of business in Tuvalu given its geographic remoteness and relatively limited economic size2. National income is heavily dependent on volatile foreign aid, and external indebtedness is high. 6. Tuvalu’s livelihood and economic assets were recently devastated by Tropical Cyclone Pam. According to the Tuvalu Tropical Cyclone Pam Report and Recovery and Vulnerability Reduction Plan, the total loss and damages were estimated to be approximately US$10.34 million or 26.9% of the GDP3. Moreover, short, medium, and long-term recovery and vulnerability reduction activities across eight sectors4 are estimated to require a further US$67.64 million. The economic damages and the cost of recovery mean that many years’, if not decades’, worth of development was undone in the matter of days and impose additional burdens on the sustainable development path for Tuvalu. Tropical cyclones are expected to increase in intensity as climate change becomes more pronounced, and compounded by rising sea levels, the protection of the country’s vulnerable coastlines becomes of utmost importance. Two of the three target islands in the GCF project (Nanumea and Nanumaga) are among the four islands hardest hit by Cyclone Pam. 7. Despite the extreme level of vulnerability, Tuvalu currently does not have a single engineered coastal protection infrastructure project that is thought to withstand current and future impacts
Load more

Recommended publications
  • Whole of Government Financial Statements 2017
    TUVALU WHOLE OF GOVERNMENT FINANCIAL STATEMENTS for the Year Ended 31 December 2017 Government of Tuvalu Financial Statements STATEMENT OF RESPONSIBILITY The Government is pleased to present the Financial Statements of the Government of Tuvalu for the Year Ended 31 December 2017 We hereby declare that: - We have been responsible for the preparation of these Financial Statements and the judgments made in them. - We are responsible for establishing and maintaining a system of internal controls designed to provide reasonable assurance as to the integrity and reliability of financial reporting. - In our opinion these Financial Statements fairly reflect the financial position and operations of the Government of Tuvalu for Year Ended 31 December 2017 The Financial Statements were authorised for issue by the Minister of Finance on 30 June 2018 Hon. Maatia Toafa Mr Talavai Iona Minister for Ministry of Permanent Secretary for Finance and Economic Ministry Finance and Development Economic Development Government of Tuvalu Financial Statements 31-12-2017 STATEMENT OF INCOME AND EXPENDITURE For the Year Ended 31-12-2017 The accompanying notes form part of these financial statements. 2017 2017 2016 Notes Actual Budget Revised INCOME Taxation 9 8,735,452 7,405,728 7,337,401 Interest, Dividends and Rent 10 2,334,876 2,800,182 2,918,929 Fisheries Licenses 20 (a) 24,898,555 24,964,104 34,102,086 Dot TV 7,839,715 7,051,284 6,387,739 External Assistance and Grants 11 12,963,095 17,128,201 15,401,535 Other Income 12/20 (b) 6,124,773 2,547,288 5,612,772 Distribution from Tuvalu Trust Fund 3,300,000 6,699,996 4,780,000 TOTAL INCOME 66,196,465 68,596,783 76,540,462 EXPENDITURE Wages, Salaries, and Allowances 18,252,552 19,404,608 17,410,132 Contributions to Tuvalu National Provident Fund 1,591,972 1,540,580 1,487,255 Travel 13 4,699,613 2,879,965 3,876,044 Fuel, Electricity and Communications 2,740,949 2,304,687 2,931,506 Maintenance 3,814,383 5,103,001 2,409,853 Bank Charges and Fees 1,194,372 1,052,513 449,723 Grants and Subsidies (incl.
    [Show full text]
  • Tuvalu Diagnostic Trade Integration Study 2010 Report
    Tuvalu Diagnostic Trade Integration Study 2010 Report Text Copyright © Integrated Framework Partnership 2010. All rights reserved. Design Copyright © Blue Planet Media + Communications Vanuatu 2011. All rights reserved. USP Library Cataloguing-in-Publication Data Tuvalu diagnostic trade integration study, 2010 report / [Daniel Gay, editor].—Suva, Fiji : UNDP Multi Country Office, 2011. 146 p. : ill. ; 24 cm. ISBN 978–982–304–036–3 1. Tuvalu—Commerce 2. Tuvalu—Economic conditions 3. Economic development—Tuvalu 4. Tuvalu—Economic policy I. Gay, Daniel II. UNDP Multi Country Office (Fiji). HF4032.35.Z5 T88 2011 380.099682 Edited, designed and produced by Blue Planet Media + Communications Vanuatu. Email: [email protected] Table of contents Table of contents..........................................................................................................................................1 Preface...............................................................................................................................................................4 Foreword..........................................................................................................................................................5 Acronyms........................................................................................................................................................7 Executive summary....................................................................................................................................9 Recommendations..................................................................................................................................
    [Show full text]
  • Mobilizing Climate Investment the Role of International Climate Finance in Creating Readiness for Scaled-Up Low-Carbon Energy
    MOBILIZING CLIMATE INVESTMENT The Role of International Climate Finance in Creating Readiness for Scaled-up Low-carbon Energy CLIFFORD POLYCARP, LOUISE BROWN, XING FU-BERTAUX WRI.ORG AckNOWLEDGMENTS We would like to thank the many people who contributed thoughtful discussions and ideas that helped shape this report and put time and thought into reviewing drafts and providing valuable feedback and suggestions. Within WRI, we are grateful to the following people who provided guidance, quality con- trol, and review: Athena Ballesteros, Giulia Christianson, Alex Doukas, Ziwei Mao, Shilpa Patel, Janet Ranganathan, Emily Schabacker, Aman Srivastava, Dennis Tirpak, Peter Veit, Shally Venugopal, Lutz Weischer, and Davida Wood. Outside of WRI, we would like to thank Emily Chessin, Nathan Kommers, Robert Livernash, and Jacob Werksman for their valuable input and quality control. We are also grateful to the following external experts who provided valuable comments and suggestions on earlier drafts of the report: Dipak Dasgupta, Jan Kappen, Abyd Karmali, Kanizio Freddy Manyika, Gilbert Metcalf, Richard Muyungi, Martina Otto, and Don Purka. The six case studies in this report benefitted from interviews with a number of experts as well as expert reviews and feedback. We would like to thank the following people for their time and patience in helping us develop an in-depth understanding of the cases: Claudio Alatorre, Amal-Lee Amin, Davin Chown, Mike Crosetti, Sanjay Dube, Peter du Pont, Saliem Fakir, Asclepias Indriyanto, Migara Jayawardena, Kavita Kaur, Amit Khare, Dilip Limaye, Edgar López Satow, Sami Marrouki, Dan Millison, Smita Nak- hooda, Enrique Nieto Ituarte, Napaporn Phumaraphand, Lazeena Rahman, Thorsten Schneider, Pradeep Tharakan, Chiara Trabacchi, Myriem Touhami.
    [Show full text]
  • FP149: Green Climate Financing Facility for Local Financial Institutions in Latin-America
    FP149: Green Climate Financing Facility for Local Financial Institutions in Latin-America Multiple Countries | Corporación Andina de Fomento (CAF) | Decision B.27/01 9 December 2020 Green Climate Financing Facility for LFIs in Latin-America Project/Programme title: Latin America: Chile, Ecuador, Panamá and Peru. Country(ies): Corporación Andina de Fomento (CAF – Development Bank of Accredited Entity: Latin America) Date of first submission: 2018/07/19 Date of current submission 2019/11/01 Version number V.2.0 GREEN CLIMATE FUND FUNDING PROPOSAL V.2.1 | PAGE 1 OF 73 Contents Section A PROJECT / PROGRAMME SUMMARY Section B PROJECT / PROGRAMME INFORMATION Section C FINANCING INFORMATION Section D EXPECTED PERFORMANCE AGAINST INVESTMENT CRITERIA Section E LOGICAL FRAMEWORK Section F RISK ASSESSMENT AND MANAGEMENT Section G GCF POLICIES AND STANDARDS Section H ANNEXES Note to Accredited Entities on the use of the funding proposal template • Accredited Entities should provide summary information in the proposal with cross- reference to annexes such as feasibility studies, gender action plan, term sheet, etc. • Accredited Entities should ensure that annexes provided are consistent with the details provided in the funding proposal. Updates to the funding proposal and/or annexes must be reflected in all relevant documents. • The total number of pages for the funding proposal (excluding annexes) should not exceed 60. Proposals exceeding the prescribed length will not be assessed within the usual service standard time. • The recommended font is Arial, size 11. • Under the GCF Information Disclosure Policy, project and programme funding proposals will be disclosed on the GCF website, simultaneous with the submission to the Board, subject to the redaction of any information that may not be disclosed pursuant to the IDP.
    [Show full text]
  • For Health and Climate: Retiring Coal-Fired Electricity and Promoting Sustainable Energy Transition in Developing Countries Author: by Donald P
    For Health and Climate: Retiring Coal-Fired Electricity and Promoting Sustainable Energy Transition in Developing Countries Author: By Donald P. Kanak1 Abstract • Coal fuels 38% of global electricity and there are plans to build over 1,000 new coal-fired power plants, mostly in the developing countries with growing energy needs. • Carbon emissions from those current and planned power plants will prevent the world from achieving the 1.5⁰C climate scenarios that call for a reduction of coal-fired electricity from 38% to 9% of total generation by 2030 and to 0.6% by 2050. • ESG initiatives are resulting in leading global financial institutions exiting and/or avoiding new investments in coal, but other buyers are stepping in; thus, many existing and planned coal assets are likely, without intervention, to continue to operate well beyond 2030-2050. • Proposed solution: Coal Retirement Mechanisms (CRMs) financial facilities that purchase coal-fired power plants in developing countries from existing owners and retire the plants in 10-15 years vs. typical 30-40 years of operation. Funds paid to current owners of coal-fired power plants to be recycled into new greenfield sustainable power. • The CRM’s capital would come from developed countries, multilateral development banks, climate funds and/or blended finance. Those investors would be paid back from the power plants’ operating revenues, but at a lower rate of return reflecting today’s low costs of funds. Supplementary revenue from carbon credits, transfer of fossil fuel subsidies, or energy surcharges might be used to meet or accelerate the retirement date. • Parallel to the CRM, a Sustainable Energy Transition Mechanism (SETM) will provide host countries with both financial and technical assistance to accelerate transition towards renewables (including storage, transmission, and distribution infrastructure).
    [Show full text]
  • The Green Climate Fund (GCF)
    International Climate Change Financing: The Green Climate Fund (GCF) Richard K. Lattanzio Analyst in Environmental Policy November 17, 2014 Congressional Research Service 7-5700 www.crs.gov R41889 International Climate Change Financing: The Green Climate Fund (GCF) Summary Over the past several decades, the United States has delivered financial and technical assistance for climate change activities in the developing world through a variety of bilateral and multilateral programs. The United States and other industrialized countries committed to such assistance through the United Nations Framework Convention on Climate Change (UNFCCC, Treaty Number: 102-38, 1992), the Copenhagen Accord (2009), and the UNFCCC Cancun Agreements (2010), wherein the higher-income countries pledged jointly up to $30 billion in “fast start” climate financing for lower-income countries for the period 2010-2012, and a goal of mobilizing jointly $100 billion annually by 2020. The Cancun Agreements also proposed that the pledged funds are to be new, additional to previous flows, adequate, predictable, and sustained, and are to come from a wide variety of sources, both public and private, bilateral and multilateral, including alternative sources of finance. One potential mechanism for mobilizing a share of the proposed international climate financing is the UNFCCC Green Climate Fund (GCF), proposed during the 2009 Conference of Parties (COP) in Copenhagen, Denmark, accepted by Parties during the 2011 COP in Durban, South Africa, and made operational in the summer of 2014. The fund aims to assist developing countries in their efforts to combat climate change through the provision of grants and other concessional financing for mitigation and adaptation projects, programs, policies, and activities.
    [Show full text]
  • Paris Agreement: U.S. Climate Finance Commitments
    Updated October 2, 2019 Paris Agreement: U.S. Climate Finance Commitments International Environmental Assistance Annex II of the Convention, which were members of the Many governments hold that environmental degradation Organization for Economic Cooperation and Development and climate change pose international and trans-boundary in 1992) sought to provide unspecified amounts of “new risks to human populations, economies, and ecosystems. To and additional financial resources to meet the agreed full confront these challenges, governments have negotiated costs incurred by developing country Parties in complying various international agreements to protect the with their obligations” under the Convention. Further, “the environment, reduce pollution, conserve natural resources, implementation of these commitments shall take into and promote sustainable growth. While some observers call account the need for adequacy and predictability in the flow upon industrialized countries to take the lead in addressing of funds and the importance of appropriate burden sharing these issues, many recognize that efforts are unlikely to be among the developed country Parties.” sufficient without similar measures being taken in lower- income countries. Over the past several decades, the United States has delivered financial and technical assistance for climate However, lower-income countries, which face poverty and change activities in the developing world through a variety economic growth issues, may not have the financial of bilateral and multilateral programs.
    [Show full text]
  • Terminal Evaluation of the Global Environment Facility/UN
    Terminal Evaluation of the Global Environment Facility/UN Environment Project Low Carbon-Energy Islands: Accelerating the Use of Energy Efficient and Renewable Energy Technologies in Tuvalu, Niue and Nauru Final Report Evaluation Office of UN Environment March 2018 Evaluation Office of UN Environment Photos Credits: Front cover: Alfredo Caprile Team Leader, UN Environment Evaluation Mission (2017) Page 55: Sirikul Prasitpianchai, Support Consultant, UN Environment Evaluation Mission (2017) Page 57: Alfredo Caprile Team Leader, UN Environment Evaluation Mission (2017) This report has been prepared by Alfredo Caprile and Sirikul Prasitpianchai and is a product of the Evaluation Office of UN Environment. The findings and conclusions expressed herein do not necessarily reflect the views of Member States or the UN Environment Senior Management. For further information on this report, please contact: Evaluation Office of UN Environment P. O. Box 30552-00100 GPO Nairobi Kenya Tel: (254-20) 762 3389 Email: [email protected] Project Title: Low Carbon-Energy Islands: Accelerating the Use of Energy Efficient and Renewable Energy GEF project ID 4000 Date 03/18 All rights reserved. © (2018) Evaluation Office of UN Environment ACKNOWLEDGEMENTS This Terminal evaluation was prepared for the Evaluation Office of UN Environment by Mr. Alfredo Caprile and Ms. Sirikul Prasitpianchai, Lead and Support Consultants. The authors would like to express their gratitude to all of the UN Environment and IUCN personnel and project participants that have been interviewed during the evaluation. Their comments and opinions with regard to the results and impacts that have been accomplished by the project have been critical for the preparation of this report.
    [Show full text]
  • Linking the Clean Development Mechanism with the Green Climate Fund
    Linking the Clean Development Mechanism with the Green Climate Fund Models for scaling up mitigation action Szymon Mikolajczyk | Dario Brescia | Hilda Galt | Fabrice Le Saché Tobias Hunzai | Sandra Greiner | Stephan Hoch Published by Climate Focus, Perspectives, Aera Group climatefocus.com perspectives.cc aera-group.fr Photography credits Leo Mongendre Bamshad Houshyani © 2016 The cover is printed on stone paper. The interior pages are printed on FSC certifed offset paper. Acknowledgements This report is part of a research initiative supported by the German Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) and is among a series of publications exploring the possibilities of supporting CDM activities on the African continent. The views expressed in this publication are those of the authors and do not necessarily refect the views of BMUB. The authors thank Grant Kirkman, Linde Warland, Axel Michaelowa and Adriaan Korthuis for their helpful comments and suggestions. Linking the Clean Development Mechanism with the Green Climate Fund Models for scaling up mitigation action Szymon Mikolajczyk | Dario Brescia | Hilda Galt | Fabrice Le Saché Tobias Hunzai | Sandra Greiner | Stephan Hoch Table of contents Acronyms 5 Foreword 6 Executive Summary 9 1 Setting the scene 13 What’s past is prologue 13 It takes two to tango 15 The value of a CER 16 2 Operational modalities of the GCF and CDM 19 Mission 20 Institutional framework 23 Project approval process 26 Funding instruments 30 3 GCF investment criteria
    [Show full text]
  • Tuvalu - European Community Edflo
    Tuvalu - European Community EDFlO Country Strategy Paper and National Indicative Programme (For the period 2008 - 2013) 1 The Government of Tuvalu and the European Commission hereby agree as follows: (1) The Government of Tuvalu, represented by Mr Annese Makoi Simati, Ministry of Finance, Economic Planning and Industries and National Authorising Officer and the European Commission, represented by Mr Roberto Ridolfi, Head of the Commission Delegation for the Pacific, hereinafter referred to as the Parties, held discussions from March 2006 until August 2007 with a view to determining the general orientations for cooperation for the period 2008 -2013. During these discussions, the Country Strategy Paper and an Indicative Programme of Community Aid in favour of Tuvalu were drawn up in accordance with the provisions of Articles 2 and 4 of Annex IV to the ACP-EC Partnership Agreement, signed in Cotonou on 23 June 2000, as revised in Luxemburg on 25 June 2005. These discussions complete the programming process in Tuvalu. The Country Strategy Paper and the Indicative Programme are annexed to the present document. (2) As regards the indicative programmable financial resources which the Community envisages making available to Tuvalu for the period 2008 -2013, the sum of €5 million is earmarked for the allocation referred to in Article 3.2 (a) of Annex IV to the ACP­ EC Partnership Agreement (A-allocation) and €0.4 million for the allocation referred to in Article 3.2 (b) (B-allocation). These allocations are not entitlements and may be revised by the Community, following the completion of mid-term and end-of-term reviews, in accordance with Article 5.7 of Annex IV to the ACP-EC Partnership Agreement.
    [Show full text]
  • 2018 Tuvalu National Budget
    Government of Tuvalu 2018 National Budget Presented on 06 December 2017 By the Hon Maatia Toafa Minister for Finance and Economic Development Table of Contents ACRONYMS AND ABBREVIATIONS ............................................................................................ 4 FOREWORD BY MINISTER FOR FINANCE AND ECONOMIC DEVELOPMENT .............................. 7 2018 BUDGET HIGHLIGHTS .................................................................................................... 9 DELIVERING ON THE GOVERNMENT’S POLICY PRIORITIES ......................................................................... 9 NATIONAL STRATEGY FOR SUSTAINABLE DEVELOPMENT 2016 – 2020 .................................. 15 2018 ECONOMIC OUTLOOK ................................................................................................. 16 MEDIUM TERM FISCAL FRAMEWORK 2018 – 2020 ............................................................... 19 MTFF AGGREGATES ....................................................................................................................... 19 REVENUE ...................................................................................................................................... 19 Taxation Revenue .................................................................................................................. 20 Investment Revenue .............................................................................................................. 20 Government Charges ............................................................................................................
    [Show full text]
  • Concept Note User's Guide
    CONCEPT NOTE USER’S GUIDE GREEN CLIMATE FUND | PAGE 1 OF 13 Introduction The objective of this user’s guide is to assist Accredited Entities (AEs) and interested National Designated Authorities (NDAs) to develop a concept note to be submitted to the Green Climate Fund. The concept note presents a summary of a proposed project/programme to the GCF in order to receive feedback from the Secretariat on whether the concept is aligned with the GCF’s objectives, policies and investment criteria. The feedback will provide information to further develop and strengthen the project/programme idea. Prior to the submission of the concept note, if applicable, but no later than submission of a funding proposal to the Secretariat, the accredited entity shall: a. Inform the NDA or, if applicable, the focal point about the proposed activity to be implemented in their country and commence consultations with a view to confirming it is in accordance with the country’s strategic framework and priorities; and b. Inform the Secretariat that it has commenced consultations with the NDA or, if applicable, the focal point. Kindly note that the feedback provided by the Secretariat does not represent acceptance or commitment to provide financial resources in respect of a specific project/programme. Funding decisions can only be made by the GCF’s Board, taking into account various factors, including technical, financial, environmental, social, gender and legal aspects. The GCF Secretariat only submits to the Board for its consideration those funding proposals whose approval has been recommended by both the independent Technical Advisory Panel (iTAP) and the Secretariat.
    [Show full text]