Countries: South Africa, Lesotho, Eswatini, and Namibia
The GCF-funded DBSA facility is the first private sector climate finance facility in Africa that uses a pioneering green bank model to de-risk and increase the bankability of climate projects in order to crowd in private sector green investment. The facility targets commercially viable technologies that cannot currently attract market-rate capital at scale. It focuses on infrastructure projects that mitigate or adapt to climate change and utilize two main instruments: subordinated debt / first loss and credit enhancements.
The role of Fokabs is to conduct an independent interim evaluation and produce the evaluation report for the project. The evaluation provides an independent assessment of the implementation of the CFF and its alignment with the GCF funded activity agreement obligations and Accredited Entity project document. The assessment is aligned with the GCF evaluation criteria as well as guidance from OECD criteria. The Interim evaluation assesses progress towards the achievement of the CFF’s objectives and outcomes, and further assess areas of improvement. The aim is to identify the necessary changes required to ensure that the project is on-track to achieve its intended results. The evaluation will further assess the projects overall management, credibility of results / reporting, and achievement of results and /or contributions towards expected results, inclusive of behavioral changes necessary to achieve the expected results.
Duration: 10/2022 – 12/2022
Client: Development Bank of South Africa (DBSA)