Poverty, Reforestation, Energy & Climate Change (PROEZA) (GCF-FP062)

Countries
  • Paraguay
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.
Voting Date
Mar 1, 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 Paraguay
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 25.10 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)
$ 25.10 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)
$ 90.30 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 Jul 29, 2020


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Project Description

The Poverty, Reforestation, Energy and Climate Change Project (PROEZA1 ) will improve the resilience of 17,100 households that are highly vulnerable to the impacts of climate change (CC) in 64 municipal districts located in eight departamentos of Eastern Paraguay. These municipal districts have been selected because their environmental and social vulnerability is rated as extremely high2 . Per IPCC climatic scenarios and the baseline information on the impacts of CC on people’s livelihoods and ecosystems (see Section C.2), it is estimated that climatic variations would have significant and differentiated effects and intensities in various sectors. In particular, family farming would experience significant reductions in productivity in crops such as cotton, bean, cassava, sesame and sugarcane. Reduced productivity leads to a change of production type and can have important livelihoods impacts as well as social, environmental, economic and cultural effects in the rural sector that can ultimately impact resilience to CC.

Investment Description
  • Green Climate Fund (GCF)
Contact Information

For more information about this project, contact: 

Daniel Gustafson, Deputy Director-General (Programmes) And Officer-in-Charge, TC (FAO): Daniel.Gustafson@fao.org; DDG-P@fao.org; (+39) 06 570 56320; Viale delle Terme di Caracalla 00153 Roma, Italia

 

ACCESS TO INFORMATION

Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

You can also submit an information request using this online form: https://www.greenclimate.fund/about/disclosure/form.  Additionally, if information requested is denied, an appeal can be filed to the Information Appeals Panel: iap@gcfund.org.  You can learn more about the Information Appeals Panel at: https://www.greenclimate.fund/about/disclosure/appeals.

 

ACCOUNTABILITY MECHANISM OF GREEN CLIMATE FUND 

The Independent Redress Mechanism (IRM) addresses complaints by people who believe they are negatively affected or may be affected by projects or programmes funded by the Green Climate Fund (GCF). The complainant can raise issues related to any of GCF’s policies and procedures, including those relating to social and environmental issues, indigenous peoples, gender, and information disclosure, among others. If you submit a complaint to the IRM, it may seek to address the issues raised by facilitating problem solving or conducting a compliance process. You can learn more about the Independent Redress Mechanism and how to file a complaint at https://irm.greenclimate.fund/.

You can access a video about the IRM (English) at: https://youtu.be/1LanbriVhfs.

A brochure about the IRM can be accessed in English, French, Spanish, Portuguese, Arabic, Mandarin, Mongolian, Vietnamese, Russian, Ukrainian, Korean, German, and Kiswahili at: https://irm.greenclimate.fund/.