Low-Emission Climate Resilient Agriculture Risk Sharing Facility for MSMEs (GCF-FP048)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Guatemala
  • Mexico
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
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
U
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.
Borrower
Financial Intermediaries and anchor corporations in the climate-smart agricultural and agroforestry
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Equity, Grant, Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 20.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 5.40 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 2.10 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)
$ 158.00 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 @ GCF website

Updated in EWS Jan 8, 2018


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description
From GCF: The risk-sharing facility created by GCF and IDB will target agricultural MSMEs that demonstrate environmentally sustainable practices. It will support them to engage lenders for the longer-term loans needed for climate-smart investments. GCF's investment in this programme will support both mitigation and adaptation outcomes. The risk-sharing facility will attract additional local and international private sector investors, resulting in significant additional private capital being channelled into these activities. (Proceeds from the GCF will be passed directly to the selected Financial Intermediaries selected to act as Executing Entities (EEs) for individual sub-projects. As part of the preparation of each sub-project, each EE will undergo IDB financial management and regulatory compliance due diligence in before being deemed eligible to receive IDB and / or GCF financing. Financial conditions of each specific financial instrument offered by the Facility at sub-project level will be determined on a case-by-case basis at the time of the sub-project structuring, in line with the GCF interim risk policy for private sector operations and with the principle of minimum concessionality.)
Investment Description
  • Green Climate Fund (GCF)
Co-financed by the Inter-American Development Bank and other private investors.
Contact Information
ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND The Independent Redress Mechanism (IRM) is the independent complaint mechanism for a person or people who have been or believe they are likely to be adversely affected by a project or programme funded by the Green Climate Fund. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating a problem-solving dialogue or, if that is not possible, conducting an independent investigation into whether the GCF has complied with its environmental and social policies. The IRM is newly created and is still in the process of developing its procedures and website. More information about the IRM and how you can file a complaint is forthcoming. You can contact the IRM at irm@gcfund.org.