Project GAIA ("GAIA")

About this project

Project GAIA is a blended finance platform that will enable developing countries to access long-term financing from institutional investors for high-impact climate adaptation and mitigation projects in non-objection letter (NOL) countries. • First of its kind blended finance facility combining commercial and concessional capital, including first loss, a TA Facility, to mobilize institutional investors (e.g. pension funds) at scale for adaptation (70%). Investments will align with NDCs and NAPs with quasi-sovereign borrowers, with a target allocation of 25% for LDCs and SIDS.? • The platform will introduce a flexible complement to other sources of climate finance at the country level by providing long-term financing to borrowers in local or hard currency. It will establish a scalable, replicable template that will advance a vital paradigm shift, and unlock private sector financial support.

Published by

Green Climate Fund · Multilateral

Countries

India, Benin, Mongolia, Togo, Dominican Republic, Panama, Kenya, Costa Rica, Ghana, Guatemala, Jamaica, Mauritius, Barbados, Indonesia, Tanzania, Morocco, Côte d’Ivoire, Philippines, Peru

Sectors

Disaster Risk ReductionBiodiversityMultisector aid for basic social servicesEnergy generation, renewable sources - multiple technologiesTransport policy and administrative management

Focus

Climate adaptation · Main focusClimate mitigation · Main focus

Funded by

Green Climate Fund

Implemented by

MUFG Bank, Ltd

Published by Green Climate Fund to the International Aid Transparency Initiative (IATI), last updated 1 Jul 2026 and imported automatically. IATI identifier: XM-DAC-41317-FP223.

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