GCF commits US$7.6bn to Africa, seeks more bankable projects

‎ ‎Madam Koffman said the Fund had unlocked more than US$4 billion for investment in the coming year, with Africa hoping to secure about 40 per cent of the amount.‎ The amount represents about 40 per cent of the Fund’s total commitments of US$20 billion over the period, making Africa the largest recipient of its funding among all regions.‎ ‎Madam Catherine Koffman, GCF Director of the Africa Region, told the Ghana News Agency (GNA) in Accra that demand for climate finance in Africa remained high despite the continent’s relatively small share of global funding.