Promoting climate-resilient forest restoration and silviculture for the sustainability of water-rela (GCF-FP111)

Countries
  • Honduras
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.
Borrower
Inter-American Development Bank (IDB)
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, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 35.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 10.80 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)
$ 24.20 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)
$ 79.00 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 Oct 26, 2019

Disclosed by Bank Jun 5, 2019


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Project Description

According to GCF website, this project will foster a paradigm shift in forest management towards a model that is based on the active participation of local communities and the private sector. It will promote the diversification of livelihoods in rural areas and create enabling conditions to improve the governance and financial stability of the forest sector. Associated benefits include an increase of water security, especially during the dry season; the protection of pine forests; the reduction of emissions through improved forest and land use; and economic and social benefits for households.

Investment Description
  • Green Climate Fund (GCF)
Contact Information

Mr. Matias Bendersky
Inter-American Development Bank (IDB)
Tel: +1 (202) 623-1723
mbendersky@iadb.org
danielhi@iadb.org

Ms. Amal-Lee Amin
Tel: +1 (202) 623-1924
amalleea@iadb.org
gloriav@iadb.org

Ministry of Energy, Natural Resources, Environment and Mining
His Excellency Mr. Elvis Yovanni Rodas Flores
Mobile: (504) 2239 - 4296, 2235-7833 ext.2239-0498

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.