There is no funding currently available for a large number of projects already approved for multilateral and regional implementing entities. There is still money, however, for direct access. Therefore, countries need to continue working towards accreditation.
This means strengthening fiduciary standards and improving transparency. Currently India’s National Bank for Agriculture and Rural Development is the only national implementing entity accredited in Asia-Pacific. Proposal submission materials and templates can be found on the fund’s website.
Regular adaptation project and program proposals undergo either a one-step or a two-step approval process.
A small-sized project, one requiring a contribution from the Adaptation Fund of less than USD 1 million, requires a one-step approval process where the implementing entity directly submits a fully-developed project proposal to the Adaptation Fund Board for approval.
For projects larger than USD 1 million, a two-step process is necessary. In this case, the Implementing Entity must first submit a brief project concept, which would be either endorsed, not endorsed, or rejected by the Board. If endorsed, a second step would then require that the implementing entity submit a fully-developed project or program document to be similarly approved, not approved, or rejected by the Board.
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