Project Preparation Partnership to help connect projects with finance

Project Preparation Partnership to help connect projects with finance

CRIDF’s ability to provide countries with advice that can help them access finance to implement much-needed water projects was central to a new 2018 initiative. The initiative was launched in South Africa in September, at a workshop that focused on project preparation and the benefits of partnering.

Attended by more than 100 participants from 24 countries, the workshop responded to a longstanding need to strengthen capacity to undertake climate resilient water projects by ensuring that these projects meet investment criteria. It included a number of hands-on exercises designed to enable participants to learn from one another and concluded with the launch of the Project Preparation Partnership for Climate Resilient Water Projects in Africa.

The partnership provides a platform to share experiences that can help Southern African countries obtain funding from organisations such as the Green Climate Fund (GCF). One of its main aims is to help those with water insecurity ensure that projects are technically and financially mature, that they are bankable, and that they can be successfully implemented. A number of organisations within the GCF participated in the event, along with CRIDF and decision makers from countries that need finance.

Following the workshop, the organisations involved in the partnership will continue to collaborate. As they do so, they will draw on CRIDF’s demand-driven services and ability to address lack of coordination, limited understanding of financing requirements, and social, political and geographic challenges, to enable them to make the best possible proposals to institutions such as the GCF.