In addition to the availability of readiness support and PPF through their respective channels, the GCF also provides support for readiness and PPF through country platforms. These platforms are strategic, country-led frameworks designed to mobilize climate and development finance by turning national priorities into coordinated programmatic investments. They aim to align financial flows and key stakeholders, such as government ministries and the private sector, toward systemic climate and socio-economic transitions. Country platforms adopt an inclusive, country-led approach that ensures national ownership and broad stakeholder engagement. This includes participation from the private sector, subnational governments, investment agencies, and line ministries in shaping and executing investment strategies. Recognizing that each country has unique needs and priorities, there is no one-size-fits-all model. Country platforms are designed to be flexible and adaptable to changing circumstances. The following table summarizes the support available through the country platforms.
Source: GCF: Country Platform for Climate Finance - Overview of GCF’s Approach, Available Support and Impact
Country platforms offer multiple benefits that support effective, inclusive, and country-driven climate action. They enhance country ownership and leadership by aligning investments and policies with national ambitions such as NDCs and NAPs, enabling governments to lead their climate transitions. Platforms also improve coordination and efficiency by streamlining diverse funding sources and fostering collaboration among government entities, the private sector, and international partners like MDBs and climate funds, thereby reducing administrative burdens. Additionally, they expand access to finance by aggregating resources and catalyzing private sector participation through blended finance approaches that leverage concessional capital.
Moreover, country platforms send strong market signals by reducing investment risks, improving investor confidence, and encouraging long-term financing through clear policy frameworks and project de-risking. They also promote a systemic approach by integrating economic, environmental, social, technological, and workforce development objectives, while addressing country-specific vulnerabilities such as climate adaptation needs, fiscal challenges, and support for vulnerable populations. These platforms accelerate climate action by directing financing toward priority projects, building technical and institutional capacity, and overcoming implementation barriers. Finally, they strengthen transparency and accountability through robust systems for monitoring, reporting, and evaluating climate finance flows, ensuring alignment with national climate and development goals.
