Responding to the Increasing Risk of Drought: Building Gender-responsive Resilience of the Most Vuln (GCF-FP058)

Countries
  • Ethiopia
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
B
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
Ministry of Agriculture and Natural Resources (MoANR); Ministry of Water, Irrigation and Electricity
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Water and Sanitation
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)
$ 45.00 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)
$ 45.00 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)
$ 50.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ GCF website

Updated in EWS Jul 29, 2020


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Project Description

Providing rural communities with critical water supplies for year-round drinking water and small-scale irrigation to address risks of drought and other climate impacts.

Ethiopia is projected to experience drought conditions worsened by climate change, and the country's exposure to drought and floods is heavily influenced by the El NiAao/La NiAaa phenomenon. In 2015 to 2016 Ethiopia experienced one of its worst droughts in decades. Climate change impacts are likely to increase temperatures, create greater rainfall variability with more frequent extremes, and change the nature of seasonal rainfalls.

Introducing improved water supply and management systems will increase local communities' productive capacity as well as the water ecosystem's carrying capacity.
The three main activities will be introducing solar-powered water pumping and small-scale irrigation, the rehabilitation and management of degraded lands around the water sources, and creating an enabling environment by raising awareness and improving local capacity. Over 50% of the beneficiaries will be women, with 30% of households being female-headed.

Expected project benefits:
GCF results areas
UN Sustainable Development Goal
* #6 Clean water and sanitation

Investment Description
  • Green Climate Fund (GCF)
Contact Information

ACCREDITED ENTITY
Ministry of Finance and Economic Cooperation of the Federal Democratic Republic of Ethiopia (MOFEC)
Mr. Admasu Nebebe Gedamu
Tel: +251-930102261
Mr. Zerihun Getu
Tel: +251-921566324

 

ACCESS TO INFORMATION

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