The Green Climate Fund (GCF) has selected Mafalda Duarte as its new Executive Director. She joins from Washington-based Climate Investment Funds (CIF), where she has been CEO since 2014. Prior to CIF, she held senior positions at the African Development Bank and the World Bank. Commenting on the appointment, Duarte said: “Developing countries are on the frontlines of the climate crisis. They can count on my resolve to support their climate aspirations in pursuit of a better climate future for all.” GCF was established to support low emission and climate-resilient development in developing countries. It is part of the financial mechanism of the United Nations Framework Convention on Climate Change (UNFCCC) and serves the Paris Agreement. Duarte will lead the Secretariat of GCF and manage a portfolio of over 200 projects, amounting to a value of US$42 billion including co-financing.
— Green Climate Fund (@theGCF) March 14, 2023