The Development Bank of Solomon Islands (DBSI) will be nominated as a Green Climate Fund (GCF) accredited entity (AE) with support from the Secretariat of the Pacific Regional Environment Programme (SPREP) – GCF Solomon Islands Readiness Project.
The SPREP – GCF Solomon Islands Readiness project with representatives from the National Designated Authority (NDA) of Solomon Islands, the Ministry of Environment, Climate Change, Disaster Management & Meteorology held a high level discussion with the Chief Executive Officer and senior staff members of the Development Bank of Solomon Islands (DBSI) in April 2022. The meeting was a part of the SI GCF NDA proposal to nominate the DBSI to be an accredited entity to the GCF.
Speaking on behalf of the NDA representative during the meeting, Deputy Secretary Technical, Mr Chanel Iroi stated that the nomination to be an accredited entity to the GCF is critical and a priority for the SIG as the bank is supporting development at difference scales in the country. It is also part of the Government efforts to effectively respond to the impacts of climate change and build the resilience of the country’s socio-economic sector as well as long-term climate-proof infrastructure developments. The GCF is a key funding mechanism under the Paris Climate Agreement that supports developing countries’ efforts to adapt their economies to the impacts of climate change through low-emission and climate-resilient investments.
