Pacific Resilience Project Phase II (GCF-FP066)

Countries
  • Marshall Islands
Where the impacts of the investment may be experienced.
Specific Location
Majuro and Ebeye
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Government of the Marshall Islands
The holder of the loan, grant, or other investment.
Sectors
  • Climate and Environment
  • Infrastructure
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 25.00 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)
$ 25.00 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)
$ 44.10 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 24, 2018


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Project Description

The project aims to strengthening institutions and improving access to early warning and disaster preparedness. The proposed coastal infrastructure intervention has been shown to be the only feasible option to protect people and assets against sea level rise and storms.

Investment Description
  • Green Climate Fund (GCF)

Cofinancing: the World Bank US$ 19.1 million

Contact Information

International Bank for Reconstruction and Development and International Development Association (World Bank)
Ms. Claudia Croce
Tel: +1 202 458 1697

Office of Environmental Planning and Policy Coordination (OEPPC)
Mr Clarence Samuel
Work: +692 625-7944
Work: +692 625-7945
Fax: +692 625-7918
 

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.