Year in review 2013

Funding commitments

The results-based nature of the GET FiT Program is strongly dependent upon predictable and credible commitments from funders in order to prove successful. Further, it requires a certain degree of active follow-up and flexibility on the side of donors in order to maintain a healthy cash balance throughout the Program. To this end, four development partners have taken up the challenge and provided GET FiT with the necessary funding; Government of Norway, Government of UK (through DECC and DFID), Germany ( BMZ, BMU) and the EU (through EU ITF). The Program is fully funded. 

To date some MEUR 91 have been committed to the program by these donors. These funds are to be used by the Program management towards the overriding objectives. While the Steering Committee (where the donors are represented) provides policy guidance concerning implementation, the bulk of funding is subject to the decisions of the Investment Committee, supported by the Secretariat.

According to the projections of the Secretariat, the current level of commitments would enable the program to achieve on key output indicators including MW, GWh and emission reductions.

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Table 2: Overall donor commitments to GET FiT. Net amounts are subject to current exchange rates
and deduction of management fees