Structuring and Launching CRAFT: the First Private Sector Climate Resilience & Adaptation Fund for Developing Countries

Project Summary

To establish and mobilize resources for the Climate Resilience and Adaptation Finance & Technology Transfer Facility (CRAFT), the first private sector climate resilience and adaptation investment fund and technical assistance facility for developing countries, consistent with the goals of the Paris Agreement.

Project Details

GEF Project ID
Project Type
Medium-size Project
Project Approved
Focal Areas
Funding Source
Special Climate Change Fund
Implementing Agencies
Conservation International
Executing Agencies
Lightsmith Group LLC
GEF Period:
GEF - 6
Approval Fiscal Year:


Project Preparation Grant Amount
30,000 USD
GEF Project Grant
1,045,000 USD
Co-financing Total
1,418,000 USD
GEF Agency Fees
94,050 USD
Total Cost 2,493,000.00 USD

Project Timeline

Received by GEF
21 Oct 2017
Preparation Grant Approved
15 Nov 2017
Project Approved for Implementation
15 Nov 2017
Project closed