DBZ GOES GREEN
The international Board of the Green Climate Fund (GCF) during its Board Meeting held from 28th June to 1st July accredited Development Bank of Zambia as a direct access entity of the Fund. This is a gigantic achievement for the Bank and the country.
DBZ in this regard, becomes the first national institution in Zambia to be accredited to the Green Climate Fund. This means that DBZ is now well positioned to mobilize climate finance and is eligible to receive funding for climate change adaption and mitigation projects from the GCF of up to US$250m per project. The bank therefore seeks to work with the private sector, the public sector and civil society in building capacity relating to the development of Bankable proposals for consideration by the GCF.
The Bank remains grateful to the Ministry of National Development Planning and indeed, the various stakeholders for the unwavering support rendered throughout the accreditation process.