© GGGI. Enviroserve e-waste plant in Bugesera. Rwanda, 2023.
CHAPTER 6
2023 Results Overview
2023 RESULTS OVERVIEW
Of emblematic natural capital is anticipated to be protected and sustainably managed as a result of the Ecuador Galapagos Debt for Nature Swap with USD 450 million earmarked for conservation efforts. *1ha=0.01sq km
Will be generated or supported through GGGI investment commitment mobilized for the first Geothermal project (USD 204M) in Indonesia.
Located in Blawan-Ijen, East java the project will also have the potential of providing electricity to close to 200,000 people.
Will gain access to sustainable transport in Nuevo Leon State Mexico through a USD 42 million investment mobilized involves the acquisition of an E-bus fleet and a carbon finance assessment.
Will gain access to improved waste management services in Lao PDR through the USD 6.2 million green investment commitment mobilized for a Circular Economy Municipal Infrastracture Financing project.
Will gain access to improved sanitation In Lao PDR through the USD 6.2 million green investment commitment mobilized for a Circular Economy Municipal Infrastructure Financing project.
Will gain access to clean fuels and/or electricity thanks to Enhanced Green Loan (EGL) to support Green Energy Service Sector projects in Thailand.
2023 FINANCE RESULTS OVERVIEW
GGGI OPERATING RESULTS FOR 2017-2023
In 2017-18 GGGI spent down its excess reserves to finance growth and increase funding, as directed by the GGGI Council.
The 2022 to 2023 financial results show the success of that strategy.
TOPIC | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
ACTUAL / USD'000 | |||||||
Core Contribution / Other Income | 23,733 | 24,501 | 32,937 | 17,796 | 17,406 | 15,261 | 18,110 |
Earmarked Program | 1,815 | 1,702 | 1,165 | 1,348 | 3,943 | 7,408 | 7,599 |
Earmarked Project | 5,049 | 9,557 | 13,685 | 22,127 | 32,796 | 43,959 | 57,422 |
Total Income | 30,597 | 35,760 | 47,787 | 41,271 | 54,145 | 66,628 | 83,131 |
Gross Expenditures | 44,701 | 50,362 | 47,682 | 44,725 | 53,661 | 69,888 | 85,371 |
Overhead | (584) | (683) | (1,084) | (1,778) | (2,680) | (3,959) | (5,391) |
Net Expenditures | 44,117 | 49,679 | 46,598 | 42,947 | 50,981 | 65,929 | 79,980 |
Total Surplus/(Deficit) | (13,520) | (13,919) | 1,189 | (1,676) | 3,164 | 699 | 3,151 |
TOPIC | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 |
ACTUAL / USD'000 | |||||||
Core Contribution/Other Income | 23,733 | 24,501 | 32,937 | 17,796 | 17,406 | 15,261 | 18,110 |
Earmarked Program | 1,815 | 1,702 | 1,165 | 1,348 | 3,943 | 7,408 | 7,599 |
Earmarked Project | 5,049 | 9,557 | 13,685 | 22,127 | 32,796 | 43,959 | 57,422 |
Total Income | 30,597 | 35,760 | 47,787 | 41,271 | 54,145 | 66,628 | 83,131 |
Gross Expenditures | 44,701 | 50,362 | 47,682 | 44,725 | 53,661 | 69,888 | 85,371 |
Overhead | (584) | (683) | (1,084) | (1,778) | (2,680) | (3,959) | (5,391) |
Net Expenditures | 44,117 | 49,679 | 46,598 | 42,947 | 50,981 | 65,929 | 79,980 |
Total Surplus/(Deficit) | (13,520) | (13,919) | 1,189 | (1,676) | 3,164 | 699 | 3,151 |
EXPENDITURE BY FUNDING SOURCES (%)
EXPENDITURES BY FUNDING SOURCES (%)
No Data Found
PROJECT EXPENDITURE BY PROGRAMMATIC SOLUTIONS
ACHIEVEMENTS AGAINST INTERMEDIATE OUTCOMES
Impact Level | Indicator New | Target 2023 (KPI) | Result 2023 |
Intermediate Outcome 1 - Accelerated access and secured climate finance/green investments for Members from both public and private sectors. New | |||
Output O1.1 | Number of completed advisory outputs that inform decisions on green growth investments. | N/A | 120 |
Outcome IO1.1 | Total USD value of climate finance/green growth investment commitments secured with GGGI’s support disaggregated by public and private sector financing. | 1 Billion | 1.9 Billion |
Intermediate Outcome 2 - GGGI Members have strengthened policy, planning, regulatory, financing, and institutional frameworks to achieve green growth outcomes. | |||
Output O2.1 | Number of completed advisory outputs that inform the development of government green growth policies. | 100 | 219 |
Outcome IO2.1 | Number of green growth policies adopted by governments with GGGI’s support. | 30 | 51 |
Intermediate Outcome 3 - National, regional, and global capacity to drive and expand green growth ambitions is enhanced. | |||
Output O3.1 | Number of workshops and webinars delivered. | Tracked | 650 |
Output O3.2 | Number of green growth knowledge products delivered. | 40 | 257 |
Outcome IO3.1 | Extent to which GGGI’s training events have directly strengthened Member and partner countries capacity to develop and implement green growth policies and investments. To be assessed on a 5-point scale balanced score card with a maximum score of 10. | N/A | 8.8 |
Intermediate Outcome 4 - Green growth solutions support Member and partner countries in reducing poverty and achieving gender equality. | |||
Output O4.1 | Percentage of new projects that address poverty reduction and inclusiveness. | 75% | 70% |
Output O4.2 | Percentage of new projects delivering intended gender equality results. | 75% | 85% |
Outcome IO4.1 | Number of beneficiaries assisted through GGGI’s poverty aligned projects, disaggregated by gender. | Tracked | M: 4638 F: 4184 |
Outcome IO4.2 | Number of women supported through GGGI’s projects with targeted gender interventions, disaggregated by gender. | Tracked | 2878 |
Intermediate Outcome 5 - Sustainable financial growth supports quality delivery of GGGI commitments to Member and partner countries. | |||
Output O5.1 | % of annual budget spent on management and administration. | 2020: 17% 2023: 15% | 13% |
Output O5.2 | % of annual budget spent on in-country programs. | 75% | 84% |
Output O5.3 | % of core budget allocated to vulnerable countries = LDCs, LLDCs & SIDS (UNOHRLLS definition). | 60% | 60% |
Output O5.4 | Sustain a 15:1 ratio of green investment commitments secured for every USD spent on GGGI operations (Strategy 2030). | 15:1 | 25:1 Achieved |
Output O5.5 | Sustainable level of reserve working capital is maintained. | 15 million | 23.9 Million |
