CBF (IFC-43347)

Countries
  • Congo, Democratic Republic of
  • Madagascar
  • Peru
Geographic location where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
U
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
GREEN CLIMATE FUND
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
Not Disclosed
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ IFC website

Updated in EWS Apr 2, 2020

Disclosed by Bank Oct 11, 2019

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

 The Climate Bonds for Forests Program: Scaling up Private Sector Financing for REDD+ (Program) aims to support the implementation of Reducing Emissions from Deforestation and Forest Degradation as well as conservation, sustainable management of forests and enhancement of forest carbon stocks (REDD+) at subnational/national scales. This will facilitate countries to transition to compliance with United Nations Framework Convention on Climate Change (UNFCCC) requirements for REDD+.

The proposal builds on the work of the Forest Carbon Partnership Facility (FCPF) managed by the World Bank which supports forest countries to develop frameworks to implement REDD+ at jurisdictional scale (FCPF jurisdictions) with the potential to enter into commercial Emissions Reductions (ERs) transactions. The Program will alleviate financing barriers faced by implementors of REDD+ activities within FCPF jurisdictions by providing new sources of funding and supporting the incorporation of such activities into national/sub-national frameworks. The Program supports private sector-led REDD+ activities in target countries: Democratic Republic of Congo (DRC), Madagascar and Peru.

Investment Description
Here you can find a list of individual development financial institutions that finance the project.

No investment info at the time of the snapshot


Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

ACCOUNTABILITY MECHANISM OF IFC

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

How it works

How it works