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PACT CONCLUDES THREE-DAY GREEN CLIMATE FUND (GCF) TRAINING WORKSHOP

May 23, 2019 — (Placencia, Stann Creek) The Protected Areas Conservation Trust (PACT), the
Green Climate Fund’s Direct Access Entity for Belize yesterday concluded a three-day Training
Workshop on the Green Climate Fund (GCF) Project Design, financed under a GCF readiness
project implemented through the regional climate change centre. This workshop brought together
key stakeholders from the conservation and natural resource management sector, introducing them
to the GCF, its financing portfolio, investment criteria, and funding procedures. Furthermore, the
sessions supported PACT in further defining its Climate Finance Portfolio and its programme of
work with the GCF.

This workshop not only helped to lay the foundation for climate resilient projects in Belize,
particularly in the context of the GCF, said Nayari Diaz-Perez, Executive Director of PACT, it
also provided a platform for participants to share knowledge and exchange lessons and insight in
preparing and implementing climate change related projects critical to Belize’s development.

The GCF approved the accreditation of PACT at its 21st meeting held in October 2018 in Bahrain,
making PACT the first national GCF Direct Access Entity in Belize. As an accredited entity,PACT’s track record in climate change includes investments approximating BZD $1.5M of its
own funds in several climate-related activities across Belize, in the last five years. Additionally,
PACT is currently assisting the Government in the investment of approximately BZD $47.8M in
in-country projects with climate-related components financed by third-party sources such as the
German Development Bank (KfW), Global Environment Facility (GEF), Forest Carbon
Partnership Facility (FCPF) and the Adaptation Fund.
PACT is able to access and distribute GCF grant resources in Belize to support climate mitigation
or adaptation actions through micro projects of up to USD $10M in the category of minimal to no
environmental and social risk.

PACT’s track record in climate change includes investments approximating BZD $1.5M of its
own funds in several climate-related activities across Belize, in the last five years. Additionally,
PACT is currently assisting the Government in the investment of approximately BZD $47.8M in
in-country projects with climate-related components financed by third-party sources such as the
German Development Bank (KfW), Global Environment Facility (GEF), Forest Carbon
Partnership Facility (FCPF) and the Adaptation Fund.

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