Conception: The German Federal Minister for Economic Cooperation and Development, Dr. Gerd Müller and the EU Commissioner for Climate Action & Energy, Miguel Arias Canete together with high level representatives from KfW, CAF, CABEI, WB, ESMAP, IDB, AfD, EIB, JICA, NDF, BGR, GIZ jointly launched the GDF in the framework of COP 20 in Lima, Peru in December 2014.
Initiation: Announced on April 25, 2016 at the World Bank/ESMAP GGDP Roundtable, Reykjavik, Iceland.
Anticipated start of the Fund: Fourth quarter, 2016 (Q4, 2016).
Anticipated first call for Expressions of Interest (EOIs): First quarter, 2017 (Q1, 2017).
Grant Providers: German Federal Ministry for Economic Cooperation Development (BMZ), European Union through the Latin America Investment Facility (EU-LAIF) respectively through KfW Development Bank. Further grants are foreseen by members of the Stakeholder Group and third donors.
GDF Stakeholders: BMZ, EU-LAIF, KfW, CAF, CABEI, WB, ESMAP, IDB, AfD, EIB, JICA, NDF, BGR, GIZ
Initial Capitalization: €50M.
Duration of the Facility: 10 years.
Fund Manager: IDA Fund Management, LLC. (IDA is a consortium of: Interlink Capital Strategies with Dewhurst Group, LLC.)