The Green Climate Fund is to inject $US28 million dollars into the Vanuatu Ministry of Climate Change to help the country address climate change.
The Daily Post says the five year project will address key climate change vulnerabilities and support climate change resilience development with a focus on infrastructure, tourism, fisheries, agriculture and health.
Vanuatu is vulnerable to the impacts of climate change and one of the world's most at-risk places for natural disasters like cyclones, volcanic eruptions and earthquakes.
The Green Climate Fund is a fund established within the framework of the United Nations Framework Convention on Climate Change.
Its stated purpose is to assist developing countries in adaptation and mitigation practices to counter climate change.
The GCF is based in South Korea and is governed by a Board of representatives from 24 countries, including most of the world's most advanced economies.