Supporting Climate Resilience and Transformational Change in the Agriculture Sector in Bhutan (GCF-FP107)

Countries
  • Bhutan
Where the impacts of the investment may be experienced.
Specific Location
Dagana, Punakha, Trongsa, Tsirang, Sarpang, Samtse, Wangdue Phodrang and Zhemgang
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
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
Jul 6, 2019
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
United Nations Development Programme (UNDP)
The holder of the loan, grant, or other investment.
Sectors
  • Agriculture and Forestry
  • Climate and Environment
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)
$ 25.35 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)
$ 58.00 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, 2019

Disclosed by Bank Jun 5, 2019


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Project Description

According to bank documents, "the proposed project seeks to enhance the resilience of smallholder farms to climate change, especially variation in rainfall and frequent occurrence of extreme events, through three complementary"
Project outputs:

  • Promote resilient agricultural practices in the face of changing climate patterns
  • Integrate climate change risks into water and land management practices that affect smallholders
  • Reduce the risk and impact of climate change induced landslides during extreme events that disrupt market access
Investment Description
  • Green Climate Fund (GCF)

Co-financing:

Government of Bhutan US$ 32.67 million

UNDP/LDCF project US$ 2 million

Contact Information

Mariana Simões, Regional Technical Specialist
United Nations Development Programme (UNDP)
Email address: mariana.simoes@undp.org
Telephone number:+66 92 476 4223
Mailing address: United Nations BuildingRajdamnern Nok AvenueBangkok, 10200 Thailand

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.