A two-year drought - its worst in decades - was followed last November by devastating floods. The double crisis is estimated to have killed tens of thousands of people, displaced millions more, destroyed livelihoods, and exacerbated severe hunger and water scarcity.
Its new head wants to change that. Mafalda Duarte marked her first semester as the fund's executive director with a visit to Somalia where she promised a different approach to get more money to the world's poorest. Having listened to the priorities of ministers, business leaders and civil society in Mogadishu, the Green Climate Fund is now preparing to invest more than $100 million in Somalia over the next 12 months.
"A country like Somalia will depend on international access entities that often want to do the easier rather than the harder stuff, so it's important to overcome their reluctance," added the experienced GCF watcher. Poorer countries with less administrative capacity have long complained about the difficulty and time it takes to access the fund's resources, despite a dedicated programme to help them do that.
The Green Climate Fund finds itself walking a tightrope. On the one hand, it has faced criticism over the years for being too cautious. But, on the other, it recently pulled out of a forest protection project in Nicaragua over human rights concerns after a three-year complaints process.
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