Libyan National Designated Authority to the Green Climate Fund
Accreditation Requirements: Fiduciary Standards, Social and Environmental Safeguards and Gender Policy
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Basic Fiduciary Standards Key financial and administrative capacities Ensure transparency and accountability
Special Fiduciary Standards Project management grant or funding programs Mixed loans or benefits Gender Policy Policy, procedures and skills |
Social and environmental safeguards (SES) Institutional policy Performance standards (PS) 1 Assessment and management of social and environmental risks and impacts PS1-8 through an environmental and social management system At the project level: ü PS2 work level ü PS3 resource efficiency and pollution prevention ü PS4 Community health and security ü PS5 Land acquisition and population displacement ü PS6 Biodiversity conservation and sustainable management of natural living resources ü PS7 Indigenous Peoples ü PS8 cultural heritage |
Fiduciary Functions
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Examples of fiduciary functions | Basic fiduciary criteria | Special fiduciary criteria for project management * | Special fiduciary criteria for fund and /or Grant allocations | Special fiduciary criteria for loans and other mixed benefits |
Consolidation of institutional systems and regulators |
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Implementation of projects with the Fund resources by the Accredited Entity itself |
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Implementation of projects with the Fund resources by a third Entity |
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Grants allocations |
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Management of credit lines using the Fund resources |
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Loans |
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Management of the Fund resources with other complementary resources |
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Use of the Fund resources as guarantees |
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Use of the Fund resources for equity participation |
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Environmental and social risks
Risk level | Funding proposals | Intermediation |
High | Category A Activities with a high level of social multiple, irreversible, or unprecedented impacts | Intermediation 1 (I1) When the existing or proposed intermediary portfolio includes, or will include, significant financial exposure and activities and a high level of social and / or environmental risks, and / or multiple, irreversible, or unprecedented impacts |
Medium | Category B Activities with a medium level of social and / or environmental risks,and / or few, generally localized, largely reversible impacts offset by mitigation measures | Intermediation 2 (I2) When the existing or proposed intermediary portfolio includes, or will include, significant financial exposure and activities with a medium level of social and / or environmental risks, and / or few, generally localized, largely reversible impacts offset by mitigation measures; or includes a very limited number of activities with a high level of social and / or environmental risks, and / or multiple, irreversible, or unprecedented impacts |
Weak/nonexistent | Category C Activities with social and environmental risks and minor or no impacts | Intermediation 3 (I3) When the existing or proposed portfolio includes financial exposure and activities with minimal or no significant social and environmental impacts |
* Activities involving investments through financial intermediation functions or mechanisms
Source of sub-section: Country Programming Division, GCF Secretariat, February 2018