Climate-Resilient Water Sector in Grenada (G-CREWS) (GCF-FP059)

Countries
  • Grenada
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
Proposed
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.
Voting Date
Feb 27, 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
Ministry of Finance, Energy, Economic Development, Planning & Trade
The holder of the loan, grant, or other investment.
Sectors
  • 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)
$ 40.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported 35.290
Converted using 2018-06-27 exchange rate.
Grant Amount (USD)
$ 40.82 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)
$ 48.65 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported 42.057
Converted using 2018-06-27 exchange rate.
Primary Source

Original disclosure @ GCF website

Updated in EWS Jun 27, 2018

Disclosed by Bank Feb 6, 2018


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

Project Description

According to the Green Climate Fund, this project will help the water sector in Grenada to undergo a comprehensive transformation on multiple levels. To obtain this objective, the project has __ components:

  1. Climate-resilient water governance. Under this component, a water resource management unit will be established, a climate-responsive water tariff will implemented, and there will be a cross-sectoral mainstreaming of climate resilience into policies, plans, and regulations of water-related sectors.
  2. Climate-resilient water users. This component aims to strengthen adaptive capacity and reduce risk exposure through creating a challenge fund to promote the adoption of water-efficient solutions in the agriculture and tourism sectors. It will also raise awareness of the issues through awareness, education, and outreach.
  3. Climate resilient water supply systems. This component involves investments in infrastructure to assure water availability, increasing existing potable water storage capacity in medical centers, nd reduce disruptions in Grenada's water supply systems. 
  4. Additional contributions of the water sector to Grenada's Nationally Determined Contribution (NDC) under the Paris Climate Agreement. In this component, strategies for reducing water loss will be implemented.
  5. Regional learning and replication. This component allows fo the creation of best practice sharing mechanisms and learnings in the region. 
People Affected By This Project

The project proposal states that the whole population of Grenada (approx. 106,000 people, of whom about 50 % are of female female) will be beneficiaries of this project. 

Investment Description
  • Green Climate Fund (GCF)

Government of Grenada co-financing: EUR 4.267 million (approximately US$4.95 million)

Germany’s Federal Ministry for the Environment, Nature Conservation, Building and Nuclear Safety (BMUB) Grant: EUR 2.50 million (approximately US$2.9 million)

Contact Information

Mr. Jochen Quinten 

Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH

Email address jochen.quinten@giz.de

Telephone number +49 6196 79-2561

Mailing address Dag-Hammarskjöld-Weg 1-5, 65760 Eschborn, Germany

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.