This analysis critically reviews the status quo of private sector support in the GCF, finding that the dividing line between “private” and “public” GCF finance often remains unclear. It finds that the majority of GCF approved private sector lending is channeled via multilateral and regional development banks and other development finance institutions, with just a minority going directly to private sector entities. Questions of transparency and accountability are also raised, including with respect to an observed gap between the co-financing claims made by accredited entities when seeking project or program approval and their contractual obligations for co-financing.
Date of Publication
Heinrich Böll Stiftung Washington, DC
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