Integrated physical adaptation and community resilience through an EDA pilot (GCF-FP061)

Regions
  • Latin America and Caribbean
Where the impacts of the investment may be experienced.
Countries
  • Antigua and Barbuda
  • Dominica
  • 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
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.
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
Ministries with responsibility for environment in Antigua and Barbuda, Grenada, and Dominica
The holder of the loan, grant, or other investment.
Investment Type(s)
Grant
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.
Grant 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.
Project Cost (USD)
$ 38.50 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 Jun 28, 2018

Disclosed by Bank Feb 6, 2018


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Project Description

According to the submitted proposal to the Green Climate Fund, this project seeks to stengthen institutional capacities and increase the resilience of at least 5% of the population in the pilot countries using an Enhanced Direct Access (EDA) system. It will specifically address prevelant barriers to climate change adaptation; the barriers are: 1. adaptation that leaves no one behind, 2. financing for adaptation in public, private, and civil society sectors, and 3. high per capita losses and costs of climate recovery. 

The outputs of the project are:

  1. Enhanced capacity for climate adaptation planning, implementation, and monitoring and evalutation via direct access.
  2. Governments implement concrete adapttion measures using ecosystem-based approaches where appropriate.
  3. Community resilience to climate change impacts is enhanced through tangible adaptation benefits.
  4. Privately owned physical assets of vulnerable populations are more resilient to climate variability and change through concessional microfinancing.
People Affected By This Project

Number of people directly affected by specific components of the project:

Revolving fund loan agreements Grant reports and grant agreements: 13,200 direct beneficiaries

Number of males and females benefiting from the adoption of diversified, climate – resilient livelihood options: 15,650 males & 15,650 females 

Investment Description
  • Green Climate Fund (GCF)

Government co-financing: US$6.0 million

Civil society organisations: US$1.5 million

Private sector (households, micro-, small, and medium enterprises): US$11.0 million

As of the time of writing, the project proposal is not clear about the exact sources of the US$18.5 million in co-financing which rely on the Green Climate Fund participating in the project.

Contact Information

Contact:

Ms. Joan Carrott

Permanent Secretary Ministry of Health and the Environment

High Street, St. John’s, Antigua

Ms. Lia Nicholson

Project Consultant

Project Management Unit (PMU)

Department of the Environment

Factory Road St. John’s, Antigua

Email: DOE@ab.gov.ag

Diann.Black-Layne@ab.gov.ag

Lia.Nicholson@ab.gov.ag

Telephone number Tel.: +1 268 462 4625 Fax: +1 268 462 6265

Mailing address #1 Victoria Park Botanical Gardens, Factory Rd., St. John’s, Antigua W.I.

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.