Funding of the GGF Technical Assistance Facility
The Green for Growth Fund Technical Assistance Facility (GGF TAF) was created by the European Investment Bank and KfW Development Bank. To accomplish its mission, the Facility benefits from contributions of institutional and private donors, and at the discretion of the GGF Board of Directors, a share of the Fund’s income. The GGF TAF receives support from a number of sources, including the German Federal Ministry of Economic Cooperation and Development (BMZ); OeEB, the Development Bank of Austria; and the European Commission (with the European Investment Fund serving as Trustee for the European Commission). These donations ensure that the TAF can offer training and support for GGF partners to enhance expertise in energy efficiency and renewable energy in the markets the Fund serves.
Structure of the GGF Technical Assistance Facility
The Green for Growth Fund Technical Assistance Facility (GGF TAF) exists independently from the Fund and is governed by a fiduciary agreement under Luxembourg law. Oversight is provided by the Technical Assistance Facility Committee (TAC), which represents the initiators of the Fund and donors to the Facility. As the ultimate authority, the TAC approves all TAF activities and supervises its management. The TAF is managed by Finance in Motion, the advisor of the GGF.