Climate Finance & Technology

Micronesia

Grants and Concessional Finance

• Under India-UNDP fund, the Project titled ‘Climate Early Warning Systems  for 7 Pacific Island Countries (PICs)’ including Micronesia costing USD 1 million is under process. It aims to enhance the ability of the governments of seven PICs to prepare, respond to and recover from climate-related disasters. India is also assisting for the project “Strengthening Micronesia’s National Gender Machinery” costing USD 1 million through the India-UNDP fund. As a part of the project for solarisation  of the Head of States residence/office in all PICs, India is also assisting FSM with solarisation of Head of State residence/office under the India UNDP fund.
• In September 2019, India allocated USD 1 million to Micronesia towards implementation of high impact developmental project in the area of its choice. In addition, a concessional Line of Credit of USD 150 million which can be availed by the Pacific Small Island Developing States (PSIDS) for undertaking solar, renewable energy and climate related projects  based on each country’s requirement was announced.

Knowledge Creation
In 2016, seven solar mamas  were sent to Barefoot College for a six months course  in rural electrification.