Cook Islands could become GCF implementing agency
19 October, 2018, 1:35 am
RAROTONGA, 18 OCTOBER 2018 (RADIO COOK ISLANDS) – The Cook Islands could be on its way to become an implementing agency for the Green Climate Fund (GCF).
Deputy Prime Minister Mark Brown has just returned from a meeting with the GCF in Korea.
The Ministry of Finance and Economic Management could get the thumbs up to receive as much $50 million (US$32.7 million) for projects that would ensure climate change resilience.
Initially the Cook Islands had to go through donor agencies like the Asian Development Bank but now funds would come directly.
Brown says this could happen as early as this Friday.
The Cook Islands has a number of infrastructure works that need funding. These include drainage, cyclone shelters and water supply for the outer islands. Being an implementing agency means that accessing funding for these works would be easier.
Apart from the GCF funding, the Cook Islands is planning a roundtable discussion with donor nations regarding climate change funding.
Current major infrastructure works being undertaken by the government that include donor funding is the Te Mato Vai and the solar projects.