Enhancing Brazil's Capacity to Access Green Climate Fund (GCF) Finance for NDC Implementation (IADB-BR-T1361)

Countries
  • Brazil
Where the impacts of the investment may be experienced.
Financial Institutions
  • Inter-American Development Bank (IADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
May 30, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Brazil
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Finance
  • Technical Cooperation
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 0.25 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IADB website

Updated in EWS Jul 12, 2018


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Project Description

The bank states that the operation aims at providing support to the Government of Brazil, through the Ministry of Finance, to structure the Green Climate Fund Country Program. The operation will deliver the appropriate governance and instruments, taking into account the national circumstances and institutional requirements, to access finance from the Green Climate Fund (GCF) and other sources of funding and assist the ministry in taking on its role as the National Designated Authority (NDA) for the GCF. Support will also be provided to engage other ministries part of the national GCF institutional and financial arrangements in the activities related to the NDA. The TC will evaluate financial instruments to support the implementation of its Nationally Determined Contribution (NDC) strategy (under development), including the review of sources of funds (national and international) to assess the potential role of the GCF in this context.

Investment Description
  • Inter-American Development Bank (IADB)
Contact Information

ACCOUNTABILITY MECHANISM OF IADB

The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IIC)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IIC is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).